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    Waco Multifamily Value-Add Opportunity Title is generated by Realmo AI

    6701 May Drive, Waco, TX 76710

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    For Sale
    $3,900,000

    49-unit apartment complex in Waco, Texas with value-add potential.

    Type:MF
    Added:
    Feb 19, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 3 at 4:57 am

    Property Features for 6701 May Drive

    General Information

    Standard status
    Active
    Property subtype
    MF

    Building Details

    Year Built
    1971

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    Listing Contact
    Jaxton  Hoelting
    Jaxton Hoelting

    Listing agent Jaxton Hoelting License #0465722

    Listing office KW Commercial | Lubbock, TX

    Listing date Feb 19, 2026

    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 KW Commercial | Lubbock, TX

    HighLights

    • 49‑unit value‑add property
    • In‑place rents are approximately $125 below market, offering rental upside potential
    • Interior renovations and upgraded common areas
    • Capital improvements include new security gates
    • Parking lot resurfacing
    • Key plumbing and HVAC upgrades

    Overview

    The Creole Apartments, located in Waco, Texas, presents a value-add opportunity with 49 units. The property's in-place rents are approximately $125 below market, suggesting potential for rental upside based on supporting comparable properties. Interior renovations and upgraded common areas have already been implemented. Capital improvements include new security gates and resurfaced parking lot. Key plumbing and HVAC upgrades have been completed to enhance the property's position for future growth.
    Location Intelligence

    Current Use by Public Records

    Creole Apartments Apartment Building

    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
    -97.197288
    Latitude
    31.519023

    FAQs

    What type of property is this?
    Apartment building - 49-unit apartment complex in Waco, Texas with value-add potential.
    Where is this apartment building located?
    The property is located at 6701 May Drive Waco, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 49‑unit value‑add property; In‑place rents are approximately $125 below market, offering rental upside potential; Interior renovations and upgraded common areas
    More about this property
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