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    Waco, TX Multifamily Properties for Sale

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    Two-Home Short-Term Rental Property
    Updated: Jul 11
    Two-Home Short-Term Rental Property

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

    $1,349,000
    4,264 sqft 0.36 AC lot
    Two brownstone‑style residences totaling 4,264 square feet
    Built in 2022 on a 0.356‑acre parcel
    O‑2 zoning in the Silo District with no stated short‑term rental restrictions
    Each home accommodates 7 people; both can be reserved together
    602‑606 S 8th Street, within walking distance of Magnolia Market at the Silos
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    Updated Triplex with 9 Bedrooms
    Updated: Aug 5
    Updated Triplex with 9 Bedrooms

    1708 S 9th Street, Waco, TX 76706

    $799,900
    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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    Four-Bedroom Duplex
    Four-Bedroom Duplex

    1916 S 15th Street, Waco, TX 76706

    $575,000
    3,506 sqft 0.19 AC lot

    Each residence has its own living, dining, kitchen, and laundry areas, with bedrooms and bathrooms on both levels.

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    See hot listings in Waco

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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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

    $825,000
    4,399 sqft

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

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    2424 Austin Avenue, Waco, TX 76701

    $899,900
    0.57 AC lot

    The main residence serves as rentable office space, complemented by two apartments over a garage.

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    20-Unit Duplex Apartment Community
    20-Unit Duplex Apartment Community

    2300-2338 Century Drive, Waco, TX 76712

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

    Modern rental housing offers covered assigned parking, contemporary finishes, and in-unit washer-dryer hookups.

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

    632 S 7th Street, Waco, TX 76706

    $1,250,000
    0.40 AC lot

    Fully furnished lodging space with central systems, public utilities, and reservations already scheduled.

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

    1915 S 7th Street, Waco, TX 76706

    $895,000
    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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    Five-Unit Townhome Apartment Building
    Five-Unit Townhome Apartment Building

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

    $950,000
    0.65 AC lot

    Brick construction with new roofs and a mixed one- and three-bedroom unit configuration.

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    Duplex with Upstairs Balcony
    Duplex with Upstairs Balcony

    1301 Wood Ave Unit A & B, Waco, TX 76706

    $569,900
    2,136 sqft

    Two separately configured residences offer laundry inside each unit and rental flexibility near Baylor University.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1301 Wood Avenue, Waco, TX 76706

    $569,900
    0.19 AC lot

    Separate two-bedroom residences offer open layouts, in-unit laundry, and fenced outdoor space.

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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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    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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    Duplex with Fenced Backyard
    Duplex with Fenced Backyard

    1309 Wood Avenue, Waco, TX 76706

    $749,800
    0.19 AC lot

    Two residences each offer four bedrooms, two bathrooms, and an open living area.

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    Duplex with Private Balconies
    Duplex with Private Balconies

    1215 Kellum Street, Waco, TX 76704

    $399,900
    0.16 AC lot

    Under-construction duplex with open layouts, modern finishes, included appliances, and public water and sewer service.

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    Multifamily Property Near Baylor University
    Multifamily Property Near Baylor University

    1902 S 8th St, Waco, TX 76706

    $1,800,000
    6,889 sqft

    Well-maintained multifamily property near Baylor University with recent updates.

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    Duplex with Mini-Split Systems
    Duplex with Mini-Split Systems

    1704 Ethel Avenue, Waco, TX 76707

    $225,000
    0.40 AC lot

    Both apartments are occupied and include separate one-bedroom, one-bath layouts.

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    Duplex with Fenced Backyard
    Duplex with Fenced Backyard

    1309 Wood Ave, Waco, TX 76706

    $749,800
    2,800 sqft

    Two open-concept residences offer vaulted ceilings, equipped kitchens, private outdoor space, and convenient access to Baylor University.

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    Renovated Triplex with Cottage
    Renovated Triplex with Cottage

    1702 Ethel Avenue, Waco, TX 76707

    $465,000
    0.24 AC lot

    Separate water, gas, and electric meters serve each of the three residences.

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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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    4-Unit Multifamily Property
    4-Unit Multifamily Property

    1716 Ethel Avenue, Waco, TX 76707

    $410,000
    0.22 AC lot

    Four occupied residences are arranged across a triplex and a separate cottage.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    700 Hines Ave, Waco, TX 76706

    $525,000
    2,612 sqft

    A cottage and duplex offer three residences with in-unit laundry and contemporary finishes.

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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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    Waco, TX Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Waco, TX, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 237,263 square feet of properties for sale, with an estimated market value of $40,231,400.

    Sale prices for multifamily properties in Waco, TX start at $165,000, averaging $659,531, 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 40
    Apartment buildings 12
    Triplexes 8
    Short term rental properties 6
    Quadplexes 2

    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 $535K
    Woodway - 76712 $1.6M

    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 Residential Income pricing trends in McLennan County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Waco, TX

    • 76706
    • 76707
    • 76710
    • 76708
    • 76704
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    • 76701
    • 76711
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