49-Unit Multifamily Property in
For Sale
Contact for pricing
6701 May Dr, Waco, TX 76710
Value-add multifamily property with rental upside potential in Waco, Texas.
Property SizeContact for details
Days on Market174
Property Features for 6701 May Dr
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1971
Stories
2
Units
49
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Greg Brownd · License #TX 596497
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
The Creole Apartments, located in Waco, Texas, is a 49-unit multifamily property. The property presents a value-add opportunity with in-place rents approximately $125 below market rates, suggesting potential for rental upside based on comparable properties. Interior renovations and upgraded common areas have been completed. Capital improvements include new security gates, parking lot resurfacing, and key plumbing and HVAC upgrades.
Key Highlights
- 49‑unit multifamily property.
- Value‑add opportunity with in‑place rents $125 below market.
- Interior renovations and upgraded common areas improve tenant experience.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily property with rental upside potential in Waco, Texas.
Where is this apartment building located?
The property is located at 6701 May Dr Waco, TX.
What are key features of this property?
This property features: 49‑unit multifamily property.; Value‑add opportunity with in‑place rents $125 below market.; Interior renovations and upgraded common areas improve tenant experience.
