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501 North 12th Street Waco, TX 76701

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For Sale
$849,900

Well-maintained 12-unit apartment building near downtown Waco.

Type:MF
Property size:
6,480 SF
Lot size:
0.32 Acres
Added:
Nov 17, 2025
Days on Market:
142
Last Refresh:
Apr 3 at 4:59 am

Property Features for 501 North 12th Street

General Information

Standard status
Active
Size
6,480 SF
Lot size
0.32 Acres
Property subtype
MF

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Listing Contact
Brad Harrell, CCIM
Brad Harrell, CCIM

Listing agent Brad Harrell, CCIM License #363789

Listing office Onward Team at KW Commercial

Listing date Nov 17, 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


Overview

Waco Multifamily Investment Opportunity

Located in Waco, Texas, Brazos Terrace Apartments presents an investment opportunity in a multi-family property. Situated at 501 N 12th Street, this property offers access to local amenities, businesses, schools, and major transportation routes. The property contains twelve one-bedroom, one-bathroom units. Each unit offers 540 square feet of living space. The building has a total area of 6,480 square feet and was built in 1982. The lot size is 0.32 acres, equivalent to 13,939.20 square feet. The location is near downtown Waco, Baylor University, and major highways (IH-35 & US-84), providing residents with access to work, shopping, dining, and recreational options. Residents have access to on-site parking. The property is within walking distance of local schools, parks, public transportation, and shopping centers, including the Waco Downtown District and the Brazos Riverwalk. The property offers a stable income-producing property with demand for rental units in the area, providing the potential for long-term growth and cash flow.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waco
County
McLennan
State
Texas
Longitude
-97.141276
Latitude
31.5544739

FAQs

What type of property is this?
Apartment building - Well-maintained 12-unit apartment building near downtown Waco.
Where is this apartment building located?
The property is located at 501 North 12th Street Waco, TX.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Prime location near downtown Waco, Baylor University, and major highways (IH‑35 & US‑84).; Stable, income‑producing multi‑family property with strong rental demand.; Walking distance to schools, parks, public transportation, and shopping centers (Waco Downtown District and Brazos Riverwalk).
More about this property
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