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2316 Mckenzie Avenue #18

Waco, TX 76708

$199,900

2 units · 1910

Units2
Building area1,897 sq ft
Year built1910
Gross income$22,800/yr
Cap rate7.75% as listed
Parking2 spaces
Lot size0.189 acres
TypeDuplex

What it costs to own

Taxes$2,875 per year
HOANone listed
Operating expenses$2,736 per year — as listed
Insurance$2,500 per year — as listed
Net operating income$15,500 per year — as listed

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

About this home

Investment Opportunity – Income-Producing Duplex!
Excellent opportunity to add an income-producing property to your investment portfolio! This duplex features two separate units, each offering 2 bedrooms, 1 bathroom, and a functional floor plan designed for comfortable everyday living. Both units feature granite countertops, a combination of luxury vinyl plank flooring and carpet, central air conditioning, and individual laundry hookups for added convenience. Each unit also offers its own private entrance and dedicated parking space. With active leases already in place, this property presents an attractive opportunity for investors seeking an established rental property with immediate income potential. It is also available as part of a larger investment portfolio with MLS 21409129 and MLS 21409264.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet, Luxury Vinyl Plank
AppliancesDishwasher, Electric Range, Refrigerator
Interior featuresGranite Counters
FireplaceNone

Construction materialsBoard & Batten Siding
RoofComposition, Shingle
FoundationPillar/Post/Pier, Slab

Lot featuresOther
FencingFenced, Wood
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionUniversity Heights
Community featuresCurbs

ElementaryDean Highland
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

Gross income$22,800 per year
Operating expenses$2,736 per year
Insurance$2,500 per year
Cap rate7.75% — as listed
Net operating income$15,500 per year

MLS #21414361
Source
On the market5 days
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 1.0 mi
Nearest parkNorth Waco Park · 0.3 mi

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Listing courtesy of Kelly, Realtors — Kathryn Townson.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21414361. Information last updated October 18, 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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