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1617 Cumberland Avenue

Waco, TX 76708

$389,900

2 units · 2023

Units2
Building area2,564 sq ft
Year built2023
Gross income$42,000/yr
Cap rate8.33% as listed
Parking6 spaces
Lot size0.284 acres
TypeDuplex

What it costs to own

Taxes$7,962 per year
HOANone listed
Operating expenses$9,529 per year — as listed
Insurance$1,567 per year — as listed
Net operating income$32,471 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Welcome to this newer brick and stone income-producing duplex, thoughtfully designed for durability, efficiency, and long-term investment potential. Each side offers 1,282 sq. ft. of well-designed living space featuring 3 bedrooms and 2 bathrooms with modern finishes throughout. The open-concept layout showcases stained concrete flooring and recessed lighting, creating a sleek and low-maintenance living environment.
The kitchen features granite countertops, custom cabinetry, and plenty of space for cooking and entertaining. The primary bathroom also includes granite countertops along with a convenient tub shower combo. Each unit comes with its own private covered patio, perfect for relaxing outdoors.

Outside, you'll find ample parking for up to 6 vehicles along with convenient alley access for added functionality and accessibility. The property is currently leased through the end of the year, making this a turnkey investment opportunity with immediate rental income. Whether you're looking to expand your investment portfolio or secure a well-maintained income-producing property, this newer construction duplex is an excellent opportunity.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringConcrete, Painted/Stained
Interior featuresDecorative Lighting, Granite Counters, Open Floorplan

Construction materialsBrick
RoofComposition, Shingle
FoundationSlab

Lot featuresLevel
FencingBack Yard, Chain Link
Water sourceCity Water, Individual Water Meter
SewerCity Sewer
ElectricElectricity Connected

Subdivision1617 Cumberland
Community featuresCurbs

ElementaryBrook Avenue
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

Gross income$42,000 per year
Operating expenses$9,529 per year
Insurance$1,567 per year
Cap rate8.33% — as listed
Net operating income$32,471 per year

MLS #21275412
Source
On the market128 days
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryMission Waco · 0.4 mi
Nearest parkSeley Park · 0.7 mi

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Listing courtesy of EG Realty — Anel Perales.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing courtesy of Magnolia Realty

2122 COLCORD Avenue, Waco, TX 76707

$390,000

4 bd · 3 ba · 2,965 sq ft · 0.24 ac

2122 COLCORD Avenue

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Listing courtesy of Logan Capital Real Estate, PLLC

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21275412. Information last updated September 24, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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