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    Waco, TX Multifamily Properties for Sale

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    Renovated Four-Unit Quadplex
    Updated: Jul 24
    Renovated Four-Unit Quadplex

    2601 - 2603 Summer Avenue, Waco, TX 76708

    $360,000
    2,876 sqft 0.19 AC lot
    Four‑unit quadplex with 2,876 square feet
    Unit mix includes two 2‑bedroom, 1‑bath residences and two 1‑bedroom, 1‑bath residences
    Total configuration includes 6 bedrooms and 4 bathrooms
    Renovated property on a 0.1894‑acre lot
    Approximately 12 minutes from Downtown Waco and Magnolia Market at the Silos
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    This listing looks promising.

    Here's a quick look at some key insights for

    2601 - 2603 Summer Avenue, Waco, TX 76708

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    • Est. Cap Rate

      6.9%
      Above avg (5.9%)

    • Est. NOI

      $25K
      Annual

    • Price @ 7% Cap

      $356K
      Suggested

    • Property Type

      Quadplex
      Built 1949
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    Updated Triplex with 9 Bedrooms
    Updated: Aug 5
    Updated Triplex with 9 Bedrooms

    1708 S 9th Street, Waco, TX 76706

    $875,000
    4,399 sqft 0.21 AC lot
    Three units, each with 3 bedrooms and 2 full bathrooms
    4,399 square feet on 0.2066 acres
    Updated interiors with granite countertops and open floor plans
    Built in 2000 with brick construction and a composition roof
    Central heating and cooling with zoned heating and multiple cooling units
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    Duplex with O-2 Zoning
    Duplex with O-2 Zoning

    602-606 S 8th Street, Waco, TX 76706

    $1,399,000
    4,264 sqft 0.36 AC lot

    Two brownstone-style duplex residences built in 2022 with public water and sewer, designed for short-term rental stays.

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    Updated Triplex Near Baylor University
    Updated Triplex Near Baylor University

    1708 S 9th Street Unit A B C, Waco, TX 76706

    $875,000
    4,399 sqft

    Three updated residences offer functional layouts near Baylor University and Downtown Waco.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex Apartment Building With 20 Units
    Duplex Apartment Building With 20 Units

    2300-2338 Century Drive, Waco, TX 76712

    $4,250,000
    21,950 sqft 2.28 AC lot

    Built in 2018, 20-unit duplex apartment complex with covered parking and in-unit washer-dryer hookups.

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    Fully Furnished Short-Term Rental Property
    Fully Furnished Short-Term Rental Property

    632 S 7th Street, Waco, TX 76706

    $1,250,000
    0.40 AC lot

    Fully furnished short-term rental property with central HVAC, built-in features, and public water and sewer service.

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    Eight-Bedroom Duplex-Style Property
    Eight-Bedroom Duplex-Style Property

    1915 S 7th Street, Waco, TX 76706

    $965,000
    0.19 AC lot

    Flexible residence with mirrored living spaces, private outdoor areas, and room for large household or student groups.

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    5-Unit Townhome Apartment Building
    5-Unit Townhome Apartment Building

    10,12,14,16 20 Addi Ln, Waco, TX 76705

    $950,000
    6,036 sqft

    Occupied units with tenant-paid utilities and recently replaced roofing support straightforward operations.

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    5-Unit Townhome Multifamily Property
    5-Unit Townhome Multifamily Property

    10,12,14,16 20 Addi Lane, Waco, TX 76705

    $950,000
    0.65 AC lot

    Occupied townhome units offer varied floor plans, tenant-paid utilities, and roofing completed in July 2025.

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    Duplex with Gated Parking
    Duplex with Gated Parking

    1425 James Avenue, Waco, TX 76706

    $569,000
    0.19 AC lot

    Located minutes from Baylor University, each residence includes a full kitchen and washer and dryer connections.

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    Modern Duplex Rental Community
    Modern Duplex Rental Community

    2300-2338 Century Dr, Waco, TX 76712

    $4,250,000
    21,950 sqft 2.27 AC lot

    Built in 2018 offering open-concept units with in-unit washer-dryer hookups and covered parking across ten duplex buildings.

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    Modern Triplex with Off-Street Parking
    Modern Triplex with Off-Street Parking

    700 Hines Avenue, Waco, TX 76706

    $525,000
    0.16 AC lot

    Three separate residences combine contemporary finishes, private outdoor areas, and practical parking in a compact multifamily property.

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    Two-Unit Duplex with Private Yards
    Two-Unit Duplex with Private Yards

    1309 Wood Avenue, Waco, TX 76706

    $799,900
    0.19 AC lot

    Two four-bedroom residences with open layouts, updated kitchen conveniences, and dedicated outdoor areas.

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    New-Construction Duplex with Separate Meters
    New-Construction Duplex with Separate Meters

    1919 Burnett Ave Unit A & B, Waco, TX 76707

    $385,000
    2,710 sqft

    Two residential units feature three bedrooms and two-and-a-half baths each.

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    Updated Duplex with Carports
    Updated Duplex with Carports

    1300 Chapel Creek Road, Waco, TX 76712

    $349,000
    0.20 AC lot

    Two-level layouts feature open living areas, private bedroom suites, and fenced outdoor space for each residence.

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    Furnished Short-Term Rental Home
    Furnished Short-Term Rental Home

    3508 N 23rd Street, Waco, TX 76708

    $235,000
    0.19 AC lot

    Operating furnished rental with flexible living space, private primary bath, fenced outdoor area, and detached garage.

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    5-Unit Townhome Portfolio
    5-Unit Townhome Portfolio

    10,12,14,16 20 Addi Lane 10,12,14,16,20, Waco, TX 76705

    $950,000
    6,036 sqft

    Occupied multifamily asset with varied unit sizes, tenant-paid utilities, and a mix of long-term and month-to-month leases.

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    New-Construction Duplex
    New-Construction Duplex

    1919 Burnett Avenue, Waco, TX 76707

    $385,000
    0.19 AC lot

    Two separately metered residences feature open living areas and contemporary interior finishes.

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    Renovated Duplex on Corner Lot
    Renovated Duplex on Corner Lot

    3830 Colina Ln, Waco, TX 76705

    $329,000
    1,732 sqft 0.50 AC lot

    Remodeled two-unit property with conversion flexibility and shaded outdoor space.

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    New Construction Duplex
    New Construction Duplex

    909 N 14th Street, Waco, TX 76707

    $385,000
    0.17 AC lot

    Two separately metered residences offer modern finishes, open living areas, and bedrooms positioned upstairs.

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    Modern Duplex with Open Kitchens
    Modern Duplex with Open Kitchens

    3206 N 20th A St, Waco, TX 76708

    $299,900
    1,438 sqft

    Two matching residences offer three bedrooms, two bathrooms, and energy-efficient features in each unit.

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    Duplex with Covered Patios
    Duplex with Covered Patios

    1617 Cumberland Avenue, Waco, TX 76708

    $389,900
    0.28 AC lot

    Newer brick duplex with open layouts, granite finishes, private outdoor space, and alley access.

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    Remodeled Two-Unit Duplex
    Remodeled Two-Unit Duplex

    1301 Wood Avenue, Waco, TX 76706

    $624,900
    2,136 sqft

    Completely remodeled duplex with two 2-bedroom, 2-bath units and a large backyard with alley access.

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    Brick Duplex With Fully Fenced Yards
    Brick Duplex With Fully Fenced Yards

    5309 Tennyson Drive, Waco, TX 76710

    $287,500
    0.23 AC lot

    Single-story duplex with two-bedroom, one-bath units, front-entry carports, and fully fenced backyards.

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    Waco, TX Multifamily Properties Market Trends and Statistics

    Explore 88 multifamily properties for sale in Waco, TX, showcased through 88 active listings on our real estate platform. These investment opportunities span a total of 249,431 square feet of properties for sale, with an estimated market value of $45,037,300.

    Sale prices for multifamily properties in Waco, TX start at $145,000, averaging $584,900, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 52
    Apartment buildings 14
    Triplexes 7
    Quadplexes 6
    Short term rental properties 5

    Demographics Overview

    Population 190K
    Population Growth (5Y) +9.1%
    Median Household Income $56,965
    College Educated 22.7%

    High-Yield Neighborhoods for Investment

    Identify Waco submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Waco - 76701 $557.4K
    Woodway - 76712 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.91%
    Property Tax per SF $32.66 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLennan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in McLennan County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Waco fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Waco, TX

    • 76706
    • 76707
    • 76708
    • 76710
    • 76705
    • 76712
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    • 76704
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