Waco New Construction Duplex $3,500/mo Near Baylor $395K

1536 Alexander Unit A & B, Waco

ROI

13.17% IRR

Strategy

Long Term Rental

$3,400 to $3,600 projected rent with comps supporting $1,700 to $1,800 per door, putting this near the 1% rule with brand new construction near Baylor. Both units are 3 bed 2.5 bath with modern finishes and full appliance packages, making lease up straightforward with minimal upfront work. Delivered vacant and timed for peak leasing season (assuming we close a week or two before Memorial Day), which helps you get to stabilized income quickly. New construction here has been trading below ask, and I think this gets done around $385,000.

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Waco New Construction Duplex $3,500/mo Near Baylor $395K

Listed 04/17/2026

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1536 Alexander Unit A & B, Waco

Purchase Price:$385,000

Cash Outlay:$103,950

Cashflow:$154/mo

Cap Rate:6.32%

IRR:13.17%

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