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870 Waco st 2 Unit Apartment Building Offered at $409,000 Kingsland, TX 78639
EXECUTIVE SUMMARY
If you’ve been hunting for versatile lake-area investment property that won’t break the bank, this duplex delivers. Each side offers 1,200 sq ft with 3 beds and 2 baths—perfect for long-term tenants, multi-generational living, or living in one and renting the other. Set in an unrestricted neighborhood near the baseball fields, it’s a solid home base close to Kingsland’s amenities without the waterfront price tag. Modern construction with metal siding and roof for low maintenance, Concrete drive and separate utility meters, close to community baseball fields and a short drive to Lake LBJ, shopping, and eateries, zoned unrestricted—use your imagination for future possibilities. Whether you’re a first-time investor or a seasoned landlord, this property represents steady, old-school value with forward-thinking versatility. You can take a classic “buy and hold” approach or live in one side and let the other pay the mortgage—that’s what we call a home run.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$39,600
|
$16.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,600
|
$16.50
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $16.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $16.50 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $409,000 | Property Type | Multifamily |
| Price Per Unit | $204,500 | Building Size | 2,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Gross Rent Multiplier | 10.32 | Year Built | 2024 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Price | $409,000 |
| Price Per Unit | $204,500 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.32 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,400 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $1,650 | 1,200 |
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870 Waco st
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