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Three-Building Student Housing Property
For Sale
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Pending

2224 S 3rd St, Waco, TX 76706

Purpose-built student housing with three buildings and 25 units, offering 104 bedrooms in a mix of 4x4 and 6x6 plans.

Property SizeContact for details
Days on Market144

Property Features for 2224 S 3rd St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 25

Building Details

Year Built 2019
Listing Agency: Marcus & Millichap - Austin
Listed By: William Stover · License #TX 622599
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 30 at 6:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Austin

Investment Insights

Based on property information with market context.

Paris Towns is a purpose-built off-campus student housing property consisting of three buildings totaling 25 units. The project was built in 2019, with completion scheduled for the fourth quarter of 2019. Across the community, there are 104 individual bedrooms, with a unit mix that includes 23 four-bedroom/four-bathroom floor plans and two six-bedroom/six-bathroom floor plans.

The property is centrally positioned in the heart of Baylor University’s off-campus housing, approximately one block from campus. The address is 2224 S 3rd St, Waco, TX 76706.

The community is configured to accommodate group-style student living through the provided 4x4 and 6x6 layouts within the 25 total units.

Key Highlights

  • Purpose‑built off‑campus student housing with three buildings
  • Built in 2019 and scheduled for completion in Q4 2019
  • 25 total units offering 104 individual bedrooms

Property Analytics

Current Use

The Addison at Waco Student Housing Center

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Pharmacy Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby

Demographics for 76706, TX

39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Purpose-built student housing with three buildings and 25 units, offering 104 bedrooms in a mix of 4x4 and 6x6 plans.
Where is this apartment building located?
The property is located at 2224 S 3rd St Waco, TX.
What are key features of this property?
This property features: Purpose‑built off‑campus student housing with three buildings; Built in 2019 and scheduled for completion in Q4 2019; 25 total units offering 104 individual bedrooms
More about this property
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