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    Waco, TX Residential Income Properties for Sale

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    Leased Duplex Income Property
    Updated: May 23
    Leased Duplex Income Property

    3717 Parkwood Street, Waco, TX 76710

    $229,000
    1,768 sqft
    Fully leased 2‑unit duplex with both units currently occupied
    Brick duplex built in 1951 with one‑story layout (1 level)
    Composition roof and pillar/post/pier foundation
    Electric heating and cooling
    Appliances include an electric cooktop, electric oven, and electric range
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    This listing looks promising.

    Here's a quick look at some key insights for

    3717 Parkwood Street, Waco, TX 76710

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $219K
      Suggested

    • Property Type

      Duplex
      Built 1951
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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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    Two-Unit Duplex with Recent Upgrades
    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 with updated HVAC, water heaters, flooring, and roof for income potential and reduced near-term maintenance.

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    Almost-New Duplex with Smart Setup
    Almost-New Duplex with Smart Setup

    1619 N 12th Street, Waco, TX 76707

    $264,900
    1,676 sqft 0.19 AC lot

    Duplex with two identical units, each offering three bedrooms, one bath, and modern, energy-efficient amenities.

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    Updated Multifamily Building
    Updated Multifamily Building

    1902 S 8th St, Waco, TX 76706

    $1,950,000
    6,889 sqft

    Well-maintained multifamily near Baylor with recent roof, exterior paint, and vinyl plank flooring updates.

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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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    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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    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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    Renovated Duplex with Conversion Option
    Renovated Duplex with Conversion Option

    3830 Colina Lane, Waco, TX 76705

    $329,000
    1,732 sqft 0.50 AC lot

    Renovated duplex on a corner lot in La Vega ISD, with flexible layout that can convert to a single-family home.

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    Duplex with Two Four-Bedroom Units
    Duplex with Two Four-Bedroom Units

    1907 S 17th Street, Waco, TX 76706

    $500,000
    0.17 AC lot

    Duplex features two units, each offering four bedrooms and four bathrooms near Baylor University.

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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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    Four-Bedroom Duplex
    Four-Bedroom Duplex

    1907 S 17th St, Waco, TX 76706

    $500,000
    3,280 sqft

    Distinctive duplex with two units, each offering four bedrooms and four baths.

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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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    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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    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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    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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    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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    Almost-New Duplex Investment
    Almost-New Duplex Investment

    3206 North 20th A Street, Waco, TX 76708

    $339,900
    1,438 sqft

    Almost-new duplex with two identical three-bedroom, two-bath units and modern amenities throughout.

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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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    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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    New Duplex Investment Opportunity
    New Duplex Investment Opportunity

    1619 North 12th Street, Waco, TX 76707

    $274,900
    1,020 sqft

    Almost new duplex with modern amenities, great for investors.

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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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    Newer Income-Producing Duplex For Sale
    Newer Income-Producing Duplex For Sale

    1617 Cumberland Avenue, Waco, TX 76708

    $389,900
    2,564 sqft

    Newer duplex with modern finishes, leased for immediate income.

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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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    Waco, TX Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Waco, TX, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 174,297 square feet of properties for sale, with an estimated market value of $23,994,800.

    Sale prices for residential income properties in Waco, TX start at $229,000, averaging $888,696, 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

    Multifamily properties 65
    Duplexes 46
    Apartment buildings 12
    Quadplexes 3
    Short term rental properties 3

    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 $601K
    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
    • 76701
    • 76705
    • 76711
    • 76704
    • 76712

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