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    Waco, TX Apartment Buildings for Sale

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    Mid-Century Modern Highrise Condo
    Updated: Mar 21, 2025
    Mid-Century Modern Highrise Condo

    4924 Cobbs Drive #5C, Waco, TX 76710

    $279,900
    1,538 sqft
    HOA dues cover all utilities: electricity, water, trash, basic cable, internet, heating/cooling, and hot water.
    Enjoy treetop views from two balconies overlooking the Lake Highlands neighborhood.
    Building amenities include a basement game room, additional storage, laundromat, gated covered parking, dog park, and a gunite pool with climate‑controlled pool house.
    Secure building with lock‑and‑leave convenience.
    This corner unit features 2 bedrooms and 3 bathrooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4924 Cobbs Drive #5C, Waco, TX 76710

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $175K
      Suggested

    • Property Type

      Condominium
      Built 1966
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    Modern Duplex Apartment Community
    Updated: Jan 5
    Modern Duplex Apartment Community

    2300-2338 Century Drive, Waco, TX 76712

    $4,250,000
    21,950 sqft 2.28 AC lot
    Built in 2018: Century Court Duplexes features 20 units in 10 duplex buildings
    2.27‑acre multifamily property with a unit mix of (10) 2 bed/2 bath and (10) 3 bed/2 bath
    In‑unit washer‑dryer hookups, open‑concept living, and modern finishes in each unit
    Covered parking, carport/assigned parking, and fenced property
    Utilities: public water and public sewer; central air plus electric heating and ceiling fans
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    Multi-Unit Apartment Investment
    Multi-Unit Apartment Investment

    1521 Barnard Street, Waco, TX 76701

    $495,000
    0.37 AC lot

    Multi-unit income property near Baylor University with convenient access to Waco’s downtown and major amenities.

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    Multifamily Investment Property
    Multifamily Investment Property

    1702 Ethel Avenue, Waco, TX 76707

    $595,000

    Multi-building rental property with seven 1BR units plus larger 2BR and 4BR options for flexible income strategies.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Portfolio in Landon Branch
    Multifamily Portfolio in Landon Branch

    21 Addi Lane, Waco, TX 76705

    $4,050,000
    72,616 sqft

    24-unit multifamily portfolio in Waco's Landon Branch neighborhood.

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    Waco Multifamily Property For Sale
    Waco Multifamily Property For Sale

    701 N New Rd, Waco, TX 76710

    Contact for pricing
    12,896 sqft 0.59 AC lot

    Renovated multifamily property in Waco, Texas, with modern upgrades.

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    Multifamily Property Near Baylor University
    Multifamily Property Near Baylor University

    1902 S 8th St, Waco, TX 76706

    $2,000,000

    Well-maintained multifamily property near Baylor University with recent updates.

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    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 7 Active listings in Waco, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey 8-Unit Apartment Building
    Turnkey 8-Unit Apartment Building

    4400 Lake, Killeen, TX 76543

    $500,000
    5,288 sqft 0.21 AC lot

    Turnkey, fully occupied 8-unit property with all 1-bedroom layouts and central HVAC on a compact site.

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    Value-Add 20-Unit Apartment Complex
    Value-Add 20-Unit Apartment Complex

    208 N Church Street, Hillsboro, TX 76645

    $1,395,000
    0.65 AC lot

    Recently renovated 20-unit multifamily property in downtown Hillsboro with a value-add investment opportunity.

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    Hillsboro Multifamily Investment Opportunity
    Hillsboro Multifamily Investment Opportunity

    208 Church Street, Hillsboro, TX 76645

    $1,395,000
    15,250 sqft

    20-unit apartment complex in downtown Hillsboro, renovated in 2021.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2314 Andover Dr, Killeen, TX 76542

    $479,999
    4,012 sqft

    Fully leased 6-plex with 4 two-bed and 2 one-bed units in a single structure on a residential lot.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details

    Off-Market Properties in Waco, TX

    Consider similar Off-Market properties in Waco, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6501 May Dr
    Multifamily properties

    6501 May Dr, Waco, TX 76710

    Value Estimation by Request
    18,200 sqft 0.97 AC lot
    View details
    1926 Colcord Ave
    Multifamily properties

    1926 Colcord Ave, Waco, TX 76707

    Value Estimation by Request
    7,144 sqft 0.38 AC lot
    View details
    512 Daughtrey Ave
    Multifamily properties

    512 Daughtrey Ave, Waco, TX 76706

    Value Estimation by Request
    View details
    404 Craven Ave
    Multifamily properties

    404 Craven Ave, Waco, TX 76705

    Value Estimation by Request
    22,980 sqft
    View details
    6601 May Dr
    Multifamily properties

    6601 May Dr, Waco, TX 76710

    Value Estimation by Request
    40,600 sqft
    View details
    501 12Th St
    Multifamily properties

    501 12Th St, Waco, TX 76701

    Value Estimation by Request
    6,480 sqft 0.32 AC lot
    View details
    2007 15Th St
    Multifamily properties

    2007 15Th St, Waco, TX 76706

    Value Estimation by Request
    View details
    2627 Sanger Ave
    Multifamily properties

    2627 Sanger Ave, Waco, TX 76707

    Value Estimation by Request
    View details
    512 Daughtrey Ave
    Multifamily properties

    512 Daughtrey Ave, Waco, TX 76706

    Value Estimation by Request
    1,123 sqft 0.84 AC lot
    View details
    Maximus St
    Multifamily properties

    0 Maximus St, Waco, TX 76712

    Value Estimation by Request
    1,675,361 sqft 38.46 AC lot
    View details
    7301 Sanger Ave
    Multifamily properties

    7301 Sanger Ave, Waco, TX 76712

    Value Estimation by Request
    55,656 sqft 3.36 AC lot
    View details

    Waco, TX Apartment Buildings Market Trends and Statistics

    Explore 18 apartment buildings for sale in Waco, TX, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 96,104 square feet of properties for sale, with an estimated market value of $8,579,900.

    Sale prices for two-family homes in Waco, TX start at $279,900, averaging $2,859,966, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 190K
    Population Growth (5Y) +9.1%
    Median Household Income $56,965
    College Educated 22.7%

    High-Yield Neighborhoods for Investment

    Identify Waco submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Waco $1.5M
    Woodway $4.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.91%
    Property Tax per SF $32.66 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLennan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Waco fall within the 100,000+ square foot range.

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    Popular Searches in Waco, TX

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    Most Searched ZIP Codes in Waco, TX

    • 76710
    • 76701
    • 76705
    • 76706
    • 76707
    • 76712

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