Waco Multifamily Investment
1400 Park Avenue, Waco, TX 76706
10-unit townhome complex near Baylor University with upside potential.
Type:MF, MF-GARD
Property size:
8,500 SFLot size:
0.18 AcresPrice / SF:
$170/SF- Added:
- Dec 4, 2025
- Days on Market:
- 180
- Last Refresh:
- Apr 3 at 4:59 am
Property Features for 1400 Park Avenue
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Lot size
- 0.18 Acres
- Property subtype
- MF, MF-GARD
Building Details
- Year Built
- 1983
Listing agent Brad Harrell, CCIM License #363789 (254) 749-7551
Listing office Onward Team at KW Commercial (254) 749-7551
Listing date Dec 4, 2025
Source Realnex
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 Onward Team at KW Commercial
HighLights
- Prime location near Baylor University ensures consistent tenant demand.
- Turnkey 10‑unit townhome complex provides immediate income and stabilized asset.
- Direct access to IH‑35 (133,500+ VPD) offers excellent connectivity and visibility.
- Spacious 2‑bedroom, 2‑bathroom units (850 SF each) command strong rental rates.
- Townhome‑style configuration offers a residential feel with low‑maintenance benefits.
- Value enhancement opportunities through strategic renovations and operational improvements.
Overview
This is a 10-unit townhome complex located in Waco. Positioned near Baylor University, the Dayton Townhomes offer investors the opportunity to acquire a multifamily asset. The property's proximity to Baylor University and direct access to IH-35 create consistent demand from students, young professionals, and families. Each of the ten units features a 2-bedroom, 2-bathroom layout with 850 square feet of living space. The townhome-style configuration offers residents a residential feel. Constructed in 1983, the property includes 8,500 square feet of total improvements situated on a 7,650 square foot lot with R-3C (Multiple Family Residence) zoning. The property benefits from connectivity to IH-35 and sits in a retail corridor featuring national tenants and neighborhood amenities along Speight Avenue.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1274198
- Latitude
- 31.5385734
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 10-unit townhome complex near Baylor University with upside potential.
Where is this apartment building located?
The property is located at 1400 Park Avenue Waco, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location near Baylor University ensures consistent tenant demand.; Turnkey 10‑unit townhome complex provides immediate income and stabilized asset.; Direct access to IH‑35 (133,500+ VPD) offers excellent connectivity and visibility.
