Active
2,082 sqft$216/sqft
1621 Alexander Ave, Waco, TX 76708
Est: $2,837/moGet pre-approved
Multi FamilyProperty Type
8,232 sq ftLot Size
2022Year Built
$216/sq ftPrice per sq ft

Description

This well-maintained duplex offers an excellent investment opportunity with two furnished units, each featuring a spacious 3-bedroom, 2-bathroom layout and over 1,000 square feet of living space. Both units are only a few years old and have been cared for through regular maintenance. Each unit comes fully furnished, including all beds and essential appliances such as the refrigerator, washer, and dryer—making this property a convenient, move-in-ready investment for tenants. Both sides are currently...This well-maintained duplex offers an excellent investment opportunity with two furnished units, each featuring a spacious 3-bedroom, 2-bathroom layout and over 1,000 square feet of living space. Both units are only a few years old and have been cared for through regular maintenance. Each unit comes fully furnished, including all beds and essential appliances such as the refrigerator, washer, and dryer—making this property a convenient, move-in-ready investment for tenants. Both sides are currently leased, with monthly rents of $2,380 and $2,450, generating a combined rental income of $4,830 per month or $57,960 annually. With desirable layouts, modern construction, full furnishings, and established rental income, this duplex offers strong cash-flow potential and an attractive opportunity for investors seeking a turnkey property.
Days on Market Listed Today
  • Listed by: Jordan Alders TREC #0650436 • Coldwell Banker Apex, REALTORS
Last updated: 09/09/2026 09:10 PM • Source: NTREIS, MLS#: 21381866

Location

Listing Courtesy of Coldwell Banker Apex, REALTORS, Jordan Alders, TREC #0650436
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$2,837 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$549

HOA Dues

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Property Information for 1621 Alexander Avenue

Property Details
  • Taxes: $6,593 / year
  • MLS Type: Multi-Family / Full Duplex
  • Subdivision Name: Farwell Heights
  • Pool: No
  • Number Of Parking Spaces: 2
Building Information
  • Stories: 1
  • Residences: 2
  • Year Built: 2022
  • Lot Size: 0.19 AC / 8,232 SF
Summary
Location and General Information
  • Block: 61
  • Complex Name: None
  • Directions: GPS
  • Elementary School: Cedar Ridge
  • Elementary School Name: Cedar Ridge
  • High School: Waco
  • High School Name: Waco
  • Middle School: GW Carver
  • Year Built Details: Preowned
  • School District: Waco ISD
  • Geocode Confidence: High
  • Latitude: 31.57
  • Longitude: -97.16
  • State: Texas
Parking
  • Parking Features: Assigned, Paved
Taxes and HOA Information
  • Tax Legal Description: FARWELL HTS LOT 9 BLOCK 61 ACRES 0.1894
  • Association Type: None
  • Tax Lot: 9
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Concrete
  • Heating: Central, Electric
  • Interior Features: Granite Counters, High Speed Internet Available
  • Appliances: Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Builder
  • Construction Materials: Brick, Frame, Rock/Stone
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.189
  • Lot Size Area: 0.189
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8232.84
  • Multi Parcel ID: No
  • Parcel Number: 480176000593010
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 12.52%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $57,960
  • Insurance Expense: $1,600
  • Net Operation Income: $56,360.00
Unit 1
  • Approximate SQFT: 1041.0
  • Average Lease Amount: $2,450.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1041.0
  • Average Lease Amount: $2,380.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 1621 Alexander Avenue

DateEvent & SourcePriceAppreciation
Sep 9, 2026

Listed (Active)

NTREIS #21381866

$450,000
Jun 16, 2023

Sold

Waco Association of REALTORS #214464

Jun 16, 2023

Sold

NTREIS #214464

DateEvent & SourcePrice
09/09/2026

Listed (Active)

NTREIS #21381866

$450,000
06/16/2023

Sold

Waco Association of REALTORS #214464

06/16/2023

Sold

NTREIS #214464

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1621 Alexander Avenue

This home is within Waco Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Cedar Ridge Elementary School
PublicPK to 5

G W Carver Middle
Public6 to 8

Waco High School
Public9 to 12

Challenge Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1621 Alexander Avenue is a multi-family home for sale in Waco, TX 76708. This property was listed for sale on September 9, 2026 by Coldwell Banker Apex, REALTORS, it's currently listed at $450,000. It has been on the market for a total of 0 days and was last sold on June 16, 2023. This listing's school district is Waco Independent School District. Nearby schools include Cedar Ridge Elementary School, G W Carver Middle and Waco High School. 1621 Alexander Avenue is a 0-bed, 0-bath, 2,082 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Apex, REALTORS, Jordan Alders, TREC #0650436

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.