21 Addi Lane Waco, TX 76705

Building Details

Year Built

2007

Listing office AMA Assets

Listing date Feb 9, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This multifamily portfolio in Waco offers a mix of assets, including freestanding duplexes and fourplexes, contiguous townhouses, and a six-unit single-story apartment building. Located in the Landon Branch neighborhood, the portfolio comprises 24 units clustered around Addi Lane. These well-maintained properties form a fully operational, income-producing portfolio. The portfolio is currently 96% leased and has maintained over 90% occupancy for over four years. The buildings and townhouses are on dedicated parcels, allowing for individual sales of surplus assets. A transition from subcontractors to a maintenance employee in October has further increased cash flow. Waco's location along Interstate 35 makes it a hub for industries ranging from logistics to public administration. The adjacent buildings are positioned to attract a diverse mix of residents. Major employment hubs, including Baylor University, Doris Miller VA Medical Center, and government agencies, are within 15 minutes. Employment in Waco’s education and health services industry increased by 4.5% over 2024.

Key Highlights

• High Occupancy Rate: 96% leased, showing stable income.
• Diverse Asset Mix: Includes duplexes, fourplexes, townhouses, and a six‑unit apartment building.
• Desirable Location: In the Landon Branch neighborhood, close to Baylor University and Doris Miller VA Medical Center.

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FAQs

What type of property is this?

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

Where is this multifamily property located?

The property is located at 21 Addi Lane Waco, TX.

What is the asking price?

The asking price for this property is $4,050,000.

What are key features of this property?

This property features: High Occupancy Rate: 96% leased, showing stable income.; Diverse Asset Mix: Includes duplexes, fourplexes, townhouses, and a six‑unit apartment building.; Desirable Location: In the Landon Branch neighborhood, close to Baylor University and Doris Miller VA Medical Center.