1501 S 29th St, Waco, TX 76711
- $249,900
- 1,658
- SqFt
- List Price
- $249,900
- Price Change
- ▼ $10,000 1778209028
- MLS#
- 21172996
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1985
- Construction Status
- Preowned
- Acres
- 0.17
- Living Area
- 1,658
- County
- Mclennan
- City
- Waco
- Subdivision
- Wheeler
- Building Name
- N/A
Property Description
Located at 1501 South 29th Street, Units A & B in Waco, Texas, this two-unit duplex presents a compelling investment opportunity with upside in rental income. Each unit offers approximately 829 SF, making the property well-suited for long-term tenants or potential repositioning. The property has seen significant recent capital improvements, greatly reducing near-term maintenance concerns. Updates include foundation work completed in 2025, new HVAC systems, new water heaters, and updated flooring. Most recently, in April 2026, both the roof and gutters were replaced. The most recent rented unit was rented out for $1,300 per month — providing immediate income with built-in upside. Zoned C-2: Commercial (Beverly Hills), the property offers additional flexibility for future use or redevelopment. Its location near a heavy retail corridor and adjacent to South Waco Park enhances tenant appeal and long-term value. Financials are available upon request. Offered at an asking price of $259,900, with 2025 taxes of $2,567.58, this property represents an attractive option for investors seeking a stabilized asset with value-add potential in a growing Waco submarket.
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Additional Information
- Lot Size
- 7,492
- Acres
- 0.17
- Interior Features
- High Speed Internet, Open Floor Plan, Cable TV
- Flooring
- Laminate
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Parking Garage
- Driveway
- School District
- Waco Isd
- Elementary School
- Bell's Hill
- Middle School
- Cesar Chavez
- High School
- University
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Brad Harrell from Keller Williams Realty, Waco. Contact: 254-870-0050