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    Waco, TX Multifamily Properties for Sale

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    Two-Unit Duplex with Recent Upgrades
    Updated: May 7
    Two-Unit Duplex with Recent Upgrades

    1501 S 29th Street, Waco, TX 76711

    $249,900
    1,658 sqft 0.17 AC lot
    Two‑unit duplex at 1501 S 29th St, Waco, with each unit at approximately 829 SF
    Recent capital improvements: foundation work completed in 2025, new HVAC systems, new water heaters, and updated flooring
    Roof and gutters replaced most recently in April 2026
    Utilities: public water and public sewer; heating includes natural gas and central systems
    Zoned C‑2: Commercial (Beverly Hills), offering flexibility for future use or redevelopment
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    This listing looks promising.

    Here's a quick look at some key insights for

    1501 S 29th Street, Waco, TX 76711

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    • Est. Cap Rate

      5.8%
      NOI ÷ price

    • Est. NOI

      $14K
      Annual

    • Price @ 7% Cap

      $205K
      Suggested

    • Property Type

      Duplex
      Built 1985
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    Two-Unit Short-Term Rental Duplex
    Updated: Apr 30
    Two-Unit Short-Term Rental Duplex

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

    $1,399,000
    4,264 sqft 0.36 AC lot
    Two brownstone‑style homes built in 2022, each designed for short‑term rental use
    Both homes are active, professionally operated short‑term rentals with a proven income history (per remarks)
    O‑2 zoning in the Silo District with no restrictions on short‑term rental use (per remarks)
    Each home accommodates up to 7 guests; both properties can be reserved together for larger groups
    Downstairs primary suites with spa‑style bathrooms, plus en‑suite bathrooms for every bedroom (per remarks)
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    Well-Maintained Duplex with Detached Garages
    Well-Maintained Duplex with Detached Garages

    2824 Washington Avenue, Waco, TX 76710

    $474,900
    2,843 sqft 0.32 AC lot

    Duplex offering two bedrooms and two full baths per side, with detached covered garage parking on both sides.

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    Almost-New Duplex With Smart Home Setup
    Almost-New Duplex With Smart Home Setup

    1619 N 12th Street, Waco, TX 76707

    $274,900
    1,676 sqft 0.19 AC lot

    Two identical three-bedroom, one-bath units with smart home technology in an almost-new duplex in Waco, TX.

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    Modern Duplex Apartment Community
    Modern Duplex Apartment Community

    2300-2338 Century Drive, Waco, TX 76712

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

    Built in 2018, this Hewitt duplex community offers turnkey multifamily income with covered parking and in-unit laundry hookups.

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    Duplex with Two 4BR/4BA Units
    Duplex with Two 4BR/4BA Units

    1907 S 17th Street, Waco, TX 76706

    $550,000
    0.17 AC lot

    For sale duplex featuring two separate units, each with four bedrooms and four baths near Baylor University.

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    Two-Duplex Residential Income Property
    Two-Duplex Residential Income Property

    1904 S 18th Street S, Waco, TX 76706

    $1,035,000
    0.57 AC lot

    Two duplexes with 3-bedroom, 3-bath units and parking in front and rear, currently used for short- and mid-term rentals.

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    Renovated Duplex with Income Potential
    Renovated Duplex with Income Potential

    3830 Colina Lane, Waco, TX 76705

    $329,000
    1,732 sqft 0.55 AC lot

    Renovated duplex on a half-acre corner lot in La Vega ISD, offering move-in ready living space in two units.

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    Brand-New Income Duplex
    Brand-New Income Duplex

    3109 N 27th Street, Waco, TX 76708

    $349,900
    2,110 sqft 0.16 AC lot

    Newly built duplex with two 3-bedroom units, each leased through year-end, offering turnkey rental income and low-maintenance finishes.

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    Updated Duplex Investment Opportunity
    Updated Duplex Investment Opportunity

    309 Gurley Lane, Waco, TX 76706

    $465,000
    0.26 AC lot

    Two spacious, move-in ready units with strong occupancy and a 2025 roof for long-term income potential.

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    Turnkey Short-Term Rental Property
    Turnkey Short-Term Rental Property

    632 S 7th Street, Waco, TX 76706

    $1,250,000
    0.40 AC lot

    Fully furnished short-term rental space totaling 3,182 SF, offered turnkey for sale in downtown Waco.

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    Leased Duplex Investment
    Leased Duplex Investment

    3717 Parkwood Street, Waco, TX 76710

    $229,000
    0.21 AC lot

    Fully occupied duplex with immediate rental income potential in a convenient Waco location near everyday amenities.

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    Rented 2-Unit Duplex Investment
    Rented 2-Unit Duplex Investment

    3716 Ethel Avenue, Waco, TX 76707

    $215,000
    0.34 AC lot

    Well-maintained two-bedroom, one-bath duplex with fenced back yards and recent major system updates.

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    Duplex with Two 1-Bed Units
    Duplex with Two 1-Bed Units

    2301-03 Lasker Avenue, Waco, TX 76707

    $189,000
    0.22 AC lot

    Two vacant 1-bedroom, 1-bath units offer flexible occupancy or rental options for investors or owner-occupants.

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    Single-Family Student Investment Home
    Single-Family Student Investment Home

    1915 S 7th Street, Waco, TX 76706

    $965,000
    0.19 AC lot

    Large 8-bedroom layout with screened porch and fenced yard, offering flexible living arrangements for group or student housing.

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    Newly Built Duplex Investment
    Newly Built Duplex Investment

    1510 N 7TH Street, Waco, TX 76707

    $424,000
    0.19 AC lot

    A newly built duplex designed for low-maintenance rentals or a house hack, with modern finishes on both sides.

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    Two-Unit Duplex Income Property
    Two-Unit Duplex Income Property

    2719-2721 Parrott Avenue, Waco, TX 76707

    $310,000
    0.19 AC lot

    Two-story duplex with separate 3-bedroom and 2-bedroom units, currently tenant-occupied for income and flexible occupancy.

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    New Construction Duplex with Separate Entrances
    New Construction Duplex with Separate Entrances

    1623 Seley Avenue, Waco, TX 76704

    $340,000
    0.17 AC lot

    Modern duplex investment opportunity with two spacious units, separate driveways, and individual entrances for tenant convenience.

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    Move-In Ready Triplex Rental
    Move-In Ready Triplex Rental

    700 Hines Avenue, Waco, TX 76706

    $525,000
    0.16 AC lot

    Three move-in ready units with modern finishes and off-street parking, offering flexible live-in or rental use.

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    Two-Unit Duplex with Fenced Yards
    Two-Unit Duplex with Fenced Yards

    5309 Tennyson Drive, Waco, TX 76710

    $287,500
    0.23 AC lot

    A two-unit duplex offering two-bedroom, one-bath single-story layouts with covered parking and fenced backyards.

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    Brick Duplex with Private Patios
    Brick Duplex with Private Patios

    1617 Cumberland Avenue, Waco, TX 76708

    $389,900
    0.28 AC lot

    Newer duplex offers two leased units, each with open living space, private covered patio, and dedicated parking with alley access.

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    New Construction Duplex
    New Construction Duplex

    1536 Alexander, Waco, TX 76708

    $374,999
    0.19 AC lot

    New construction duplex with modern open-concept interiors and two mirrored units, each featuring three bedrooms and 2.5 baths.

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    Duplex with Identical Floor Plans
    Duplex with Identical Floor Plans

    3309 Alta Vista Drive, Waco, TX 76706

    $205,000
    0.17 AC lot

    Two identical units with ample parking and exterior storage, with one side renovated and the other original.

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    Duplex Investment Property
    Duplex Investment Property

    3305 Alta Vista Drive, Waco, TX 76706

    $190,000
    0.17 AC lot

    Well-kept duplex with identical floor plans, ample parking, and exterior storage, positioned near key local destinations.

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    Waco, TX Multifamily Properties Market Trends and Statistics

    Explore 66 multifamily properties for sale in Waco, TX, showcased through 53 active listings on our real estate platform. These investment opportunities span a total of 145,419 square feet of properties for sale, with an estimated market value of $18,176,100.

    Sale prices for multifamily properties in Waco, TX start at $229,000, averaging $1,069,182, 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 42
    Apartment buildings 10
    Short term rental properties 4
    Quadplexes 3
    Triplexes 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 $625.8K
    Woodway $4.3M

    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)

    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
    • 76710
    • 76708
    • 76705
    • 76711
    • 76701
    • 76704
    • 76712

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