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$4,250,000
25 Beds ⋅ 20 Baths ⋅ 21091942 MLS
Discover a premier multifamily investment opportunity in one of Central Texas’ most desirable submarkets. Built in 2018, Century Court Duplexes features 20 modern units spread across 10 duplex buildings situated on 2.27 acres in the heart of Hewitt, within the Midway ISD—one of Waco’s most sought-after school districts. Each unit offers open-concept living, in-unit washer-dryer hookups, covered parking, and contemporary finishes designed to attract quality long-term tenants. The property’s mix of (10) 2-bedroom-2-bath and (10) 3-bedroom-2-bath units provides strong rent diversity and appeal to both small families and professionals. Positioned directly across from Hewitt Elementary School and minutes from Highway 84 and Hewitt Drive, the property offers tenants convenient access to local retail, employment centers, and major transportation corridors. With stable in-place income and minimal deferred maintenance, Century Court Duplexes represents a turnkey investment opportunity with reliable cash flow in a high-demand Central Texas rental market. Full financials are available with a signed NDA.

2300-2338 Century Dr, Waco
$1,500,000
24 Beds ⋅ 16 Baths ⋅ 21092188 MLS
!!! Investors !!! Complex of four duplexes - 8 doors total. Well-built 2007 & 2008. All units feature 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into the complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

860 N Lacy Dr Unit 1-8, Lacy Lakeview
$1,399,000
6 Beds ⋅ 8 Baths ⋅ 21192983 MLS
Positioned in the heart of downtown Waco, this is a rare opportunity to own two top-performing short-term rentals in one of the city’s most sought-after districts. Located within walking distance to Magnolia Market at the Silos and just minutes from Baylor University, The Armstrong and Fitzgerald consistently attract Baylor families, game-day visitors, and weekend travelers year-round. What truly sets this property apart is its coveted O-2 zoning in the Silo District with no restrictions on short-term rental use — a rare and highly desirable designation that protects and enhances its long-term investment value. The homes are active, professionally operated, top-performing STRs with proven income history, offering investors immediate cash flow and seamless operational continuity from day one. Blocks from the Silos and moments from downtown Waco and Cameron Park, the location delivers the walkability and convenience today’s guests demand. The property consists of two spacious brownstone-style retreats designed for both comfort and an elevated guest experience. This peaceful getaway features expansive living, kitchen, and dining spaces ideal for hosting and gathering. The homes each comfortably accommodate 7 people — or guests can reserve both properties for larger groups. Additional amenities include: • Downstairs primary suites with luxurious spa-style bathrooms • En suite bathrooms for every bedroom • Fully stocked kitchens designed for extended stays • Washers and dryers • Thoughtfully curated furnishings and décor Turnkey, income-producing, and strategically located in one of Waco’s most dynamic growth corridors, The Armstrong and Fitzgerald represent a premier investment opportunity in a thriving short-term rental market.

602-606 S 8th St, Waco
$1,250,000
21320407 MLS
While you've likely heard the old adage 'LOCATION, LOCATION, LOCATION', have you heard its new and improved companion: 'CASH FLOW, CASH FLOW, CASH FLOW'? This Baylor University area property offers BOTH! ~~~ Poised in the absolute center of the 'Baylor Bubble', this distinctive duplex just underwent a host of improvements and updates transforming it into THE property in the 'Bubble'. Featuring a dual, four bedroom, two bathroom layout across 3,518 square feet, this might be the best buy in all of Baylor! ~~~ Walkable to class, ample parking, and it needs nothing; what more could you want? How about immediate occupancy and even short-term rental opportunity! The choice is yours with this exceptional property! ~~~ Whether you're seeking a long-term investment, short-term cash flow that opens the door for your Baylor student next fall, or you're seeking zoning allowing for short-term rental on AirBnb and VRBO; this is an investment worth consideration! ~~~ Regardless of the priority you seek: location, cash flow, convenience, a turn-key opportunity, or all of the above; this property is a MUST SEE!

1903 S 11th St, Waco
$1,250,000
21131760 MLS
Prime downtown Waco special-use property offering 3,182 SF of fully furnished short-term rental space. This turnkey investment delivers in-place revenue with future reservations already booked. Located in the heart of Waco’s vibrant downtown near Magnolia and Baylor University, this property combines strong income performance with exceptional visibility.

632 S 7th St, Waco
$965,000
8 Beds ⋅ 6 Baths ⋅ 21083095 MLS
BU Dreamhouse – The Ultimate Baylor Investment Property Welcome to the BU Dreamhouse, a rare find in the heart of the coveted Baylor Bubble! Originally designed as a duplex, this spacious property now lives as a single-family residence, offering unmatched flexibility and convenience for Baylor students. With 8 bedrooms, 4 full bathrooms, and 2 half bathrooms, this home easily accommodates large groups, making it the perfect setup for student living. Each side of the house mirrors the other, featuring its own living area, kitchen, dining space, laundry room, and half bath downstairs—ideal for both privacy and community under one roof. Upstairs, four bedrooms and two bathrooms on each side create plenty of space for everyone. The charm continues outdoors with a screened-in porch stretching across the back of the home, perfect for relaxing or studying in comfort. The privacy-fenced backyard offers even more appeal, complete with a cozy fire pit for evenings with friends. Thoughtful updates and stylish touches throughout the home blend comfort with modern flair, from the natural light-filled dining areas to the inviting bedrooms that feel warm and homey. This property is more than just a house—it’s a lifestyle investment. Parents will love the opportunity to secure a safe, spacious, and desirable home for their Baylor students, while also benefiting from strong rental potential in one of Waco’s most sought-after locations.

1915 S 7th St, Waco
$825,000
9 Beds ⋅ 6 Baths ⋅ 21350650 MLS
Caroline Place is an exceptional investment opportunity, whether you're looking to expand your real estate portfolio or purchase housing for Baylor University parents, students, or faculty. Located at 1708 S. 9th Street, Waco, TX 76706, this well-maintained triplex sits in the highly desirable Baylor University Bubble, just minutes from campus. Its premier location offers consistent rental demand and excellent long-term investment potential. The property features three spacious units, each offering 3 bedrooms and 2 full bathrooms, for a total of 9 bedrooms and 6 bathrooms. Every unit has been thoughtfully updated with modern finishes and move-in-ready appeal while maintaining comfortable, functional floor plans with generous living and dining spaces. Residents enjoy convenient access to Downtown Waco, Magnolia Market at the Silos, shopping, dining, coffee shops, and many of the area's most popular attractions. The property's unbeatable location continues to attract tenants seeking proximity to Baylor University and the vibrant Waco community. Whether you're searching for a turnkey, income-producing asset or housing in one of Waco's most sought-after neighborhoods, Caroline Place offers updated interiors, an outstanding location, and strong rental potential—all in one exceptional investment.

1708 S 9th St Unit A B C, Waco
$799,900
8 Beds ⋅ 4 Baths ⋅ 21349239 MLS
Investment Opportunity in the Baylor Bubble! Positioned in the highly desirable Baylor Bubble with convenient access to Baylor University and just minutes from downtown Waco, this well-appointed duplex offers an excellent opportunity for investors, student housing, or those seeking a property with strong income-generating potential. Each unit features 4 bedrooms and 2 bathrooms, providing a total of 8 bedrooms and 4 bathrooms across the property. Inside, each unit offers a spacious, open-concept layout designed for comfortable living and entertaining, complemented by vaulted ceilings that create an airy, inviting atmosphere. The kitchens are equipped with all appliances and feature a functional island with additional storage, making meal preparation and gathering effortless. Step outside to enjoy the private fenced backyard, complete with a patio, fire pit, and outdoor table and chairs—an inviting space for relaxing, entertaining, or enjoying evenings outdoors. A paved driveway provides 8 parking spaces, adding valuable convenience for residents and guests. With its proximity to Baylor University, downtown Waco, local restaurants, shopping, and entertainment, this duplex offers a prime location for tenants looking to enjoy all that the area has to offer. Whether you're expanding your investment portfolio or looking for a property with versatile income potential, this duplex combines desirable amenities, ample bedroom count, and a sought-after location.

1309 Wood Ave, Waco
$799,000
12 Beds ⋅ 8 Baths ⋅ 21286117 MLS
Don't miss this rare opportunity to own two brand-new duplexes on one lot at 1517 Travis Street in Waco. This potential income-producing property features four total units, with each unit offering 3 bedrooms and 2 bathrooms, for a combined total of 12 bedrooms and 8 bathrooms. Designed with both tenants and investors in mind, each unit includes an open-concept layout, granite countertops, a refrigerator, and laundry hookups. Quality construction features include a 30-year composition roof, fully sodded yards, and convenient rear paved parking for residents. With two identical duplexes providing a total of four rental units, this property offers excellent potential for all types of investors. This turnkey property checks all the boxes.

1517 Travis St, Bellmead
$589,000
8 Beds ⋅ 6 Baths ⋅ 21334754 MLS
Modern style meets thoughtful design in this beautifully crafted duplex, featuring 2 spacious units, each offering 4 bedrooms and 2.5 bathrooms. Located in the desirable Surrey Village community in Robinson, this property provides quick access to I-35, downtown Waco, schools, shopping, and dining, this move-in-ready home combines convenience with modern living. Each unit features a bright open-concept floor plan connecting the living, dining, and kitchen areas, creating an ideal space for everyday living and entertaining. The kitchens include large center islands, beautiful countertops, and abundant cabinetry. The primary suite in each unit provides a private retreat with a spa-like ensuite bath, walk-in shower, and spacious closet. Upstairs, each unit includes three additional bedrooms, a full bathroom, and a conveniently located laundry room. The exterior features modern curb appeal with white Hardie plank siding and bold black accents. Each unit also offers a spacious backyard, providing room for outdoor enjoyment. Stylish, functional, and ideally located, this duplex is ready for its next owner.

516 Paso Fino St, Robinson
$569,000
8 Beds ⋅ 4 Baths ⋅ 21360543 MLS
Parent or Investor Buyers!!! Located just minutes from Baylor University, this Baylor Bubble duplex offers two spacious 4-bedroom, 2-bathroom units, ideal for student housing or investment. Each unit features an open living area, full kitchen, washer and dryer connections, and ample gated parking. Strong rental demand and proximity to campus, restaurants, and downtown Waco make this property a turnkey opportunity for steady income and long-term value. Both units currently leased $1,800 each through July 20th, of 2027.

1425 James Ave, Waco
$545,000
11 Beds ⋅ 6 Baths ⋅ 21191915 MLS
Incredible Turnkey Investment Portfolio – 2 Duplexes Across Waco! Exceptional opportunity to acquire a fully leased portfolio of 3 income-producing duplexes strategically located throughout Waco. Each property features separately metered units with primarily 1–2 bedroom, 1 bath floorplans, many of which have been updated and well maintained. This portfolio offers immediate, diversified cash flow with proven rental history and dependable tenants already in place. Combining strong income performance with long-term appreciation potential, this is a rare chance to secure a scalable investment footprint in one of Central Texas’s most dynamic and growing markets. An ideal opportunity for investors seeking stability, expansion, or a turnkey entry into Waco’s thriving rental market. Included properties 3412 Brook Circle – MLS #21090849 3000 Ethel Ave – MLS #21090839 Properties are available as a complete package or individually.

3000 Ethel Ave, Waco
$525,000
3 Beds ⋅ 4 Baths ⋅ 21298961 MLS
Modern, low-maintenance multi family opportunity with three move-in ready units : a 2021-built cottage and a duplex, all offering strong appeal for both investors and owner-occupants. The modern 2-story cottage is a 1 bedroom plus versatile flex space and 1.5 baths, highlighted by an open main level with a living and dining area, recessed lighting, and durable wood-look flooring. The galley kitchen includes white shaker cabinets, solid-surface counters, gas range, built-in microwave, dishwasher, refrigerator, and nearby stacked washer dryer, with all appliances conveying. Upstairs, a private bedroom with walk-in closet and full bath with extended vanity and step-in shower, not to forget a flex room ideal for an office, media space, or guest area. Exterior features include a covered front entry, fenced yard, and ample paved parking, making this home an attractive option for a live-in owner or rental. The duplex offers two spacious 1 bedroom, 1 bath units designed for easy upkeep and consistent rental demand. Unit A provides a bright, open layout with a large living area, stained concrete floors, neutral paint, recessed lighting, and ceiling fan, plus a well-appointed kitchen with painted shaker cabinetry, solid-surface counters, and stainless steel appliances. The bedroom delivers excellent natural light and closet storage, while the oversized bath offers an extended vanity, ample cabinetry, tub & shower combination, and in-unit washer & dryer. Unit B mirrors the modern feel with an open living and dining space, durable wood-look flooring, painted shaker cabinets, solid-surface counters, full appliance package, generous bedroom, large bath with extra storage and laundry machines as well. Off-street parking and low-maintenance finishes across all three dwellings is an appealing setup for investors seeking immediate income, or buyers wishing to occupy one unit and lease the others to help offset housing costs. Make this amazing opportunity in the Baylor bubble yours!

700 Hines Ave, Waco
$495,000
21210604 MLS
Prime investment opportunity in Waco! This multi-unit property at 1517–1529 Barnard St offers strong income potential in a rapidly growing area just minutes from Baylor University and downtown. Featuring multiple units across the property, this asset is ideal for investors seeking steady rental income with the benefit of proximity to one of Waco’s most in-demand rental corridors. The location appeals to students, professionals, and long-term tenants alike, helping support consistent occupancy. Convenient access to major roads, shopping, dining, and entertainment enhances the property’s desirability, while the surrounding growth and development continue to drive long-term value. Whether you’re expanding your portfolio or looking for a centrally located income-producing property, this is an opportunity you don’t want to miss. Schedule your showing today to explore the potential of this Waco investment!

1521 Barnard St, Waco
$465,000
6 Beds ⋅ 8 Baths ⋅ 21223021 MLS
Excellent investment opportunity just minutes from Baylor University. This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 3.5 bathrooms with functional layouts ideal for tenants or owner-occupants. Unit A has been updated with laminate wood flooring throughout, granite countertops, and all appliances conveying, making it completely move-in ready. Unit B also features laminate wood flooring with carpet in select bedrooms, Granite counters, providing a comfortable and versatile living space. Both units offer generous living areas, open kitchen layouts, and upstairs bedrooms for privacy. Property is currently at 100 percent occupancy, making this a true turnkey income-producing asset. Community pool included in HOA. HOA covers cable internet, lawn care. Major update includes a new roof installed in 2025, adding long-term value and peace of mind for the next owner. Located in a highly desirable area near Baylor, shopping, and dining, this duplex is a rare find with strong rental potential and consistent demand.

309 Gurley Ln Unit 2, Waco
$450,000
21381866 MLS
This well-maintained duplex offers an excellent investment opportunity with two furnished units, each featuring a spacious 3-bedroom, 2-bathroom layout and over 1,000 square feet of living space. Both units are only a few years old and have been cared for through regular maintenance. Each unit comes fully furnished, including all beds and essential appliances such as the refrigerator, washer, and dryer—making this property a convenient, move-in-ready investment for tenants. Both sides are currently leased, with monthly rents of $2,380 and $2,450, generating a combined rental income of $4,830 per month or $57,960 annually. With desirable layouts, modern construction, full furnishings, and established rental income, this duplex offers strong cash-flow potential and an attractive opportunity for investors seeking a turnkey property.

1621 Alexander Ave, Waco
$439,000
6 Beds ⋅ 4 Baths ⋅ 21277768 MLS
McGregor ISD duplex with strong occupancy and income. 2025 gross income was $39,665. One-owner, 2021 build with great curb appeal, fenced yards, and concrete parking. Interiors feature raised ceilings, stained concrete floors, stainless appliances, and granite counters. Shown by appointment only on Wednesday afternoons and Saturday mornings. Financial history available from 2022-2026.

113-15 Van Buren Dr, Mcgregor
$425,000
21124778 MLS
Located in the sought-after Midway ISD, this inviting duplex is a wonderful opportunity for both new and seasoned investors. Each side features a comfortable 3-bedroom, 2-bath layout with an attached 2-car garage, open living spaces, and a fenced backyard. Both units are currently leased month-to-month, giving you the freedom to adjust rent, renew with great tenants, or make future improvements. With its convenient location and welcoming design, this duplex is a smart investment with long-term appeal!

195 Ashland Dr, Woodway
$424,000
6 Beds ⋅ 4 Baths ⋅ 21180407 MLS
Looking for your next cash flowing investment or house hack with low maintenance and no short term cap x? This newly built duplex boasts 3 bedrooms and 2 bathrooms per side. It has modern LED lighting throughout, stained concrete flooring, electric appliances and systems, and tiled showers all designed to reduce maintenance. Conveniently located in Waco for a strong rental base. Schedule a walk through and come see why this duplex is a step above the rest!

1510 N 7th St, Waco
$420,000
21377616 MLS
Each side of duplex has 3 bedrooms, 2 bathrooms, fenced backyards, and 2 car garage attached. It is a great investment property. The duplex is located in the Lorena ISD school district.

604 Old Lorena Rd Unit 606, Lorena
$420,000
6 Beds ⋅ 4 Baths ⋅ 21377371 MLS
Each side of duplex has 3 bedrooms, 2 bathroom, fenced backyards, and 2 car garage attached. It is a great investment property. The duplex is located in the Lorena ISD school district.

600 Old Lorena Rd Unit 602, Lorena
$420,000
6 Beds ⋅ 4 Baths ⋅ 21376633 MLS
Each side of the duplex has 3 bedrooms, 2 baths, privacy fenced in back yard, and a 2 car garage attached. It is a great investment property. The duplex is located in the highly sought after Robinson ISD school district. Unit 137 is leased from 12-1-2025 to 11-30-2026 at $1495 per month. Unit 139 is leased from 3-1-2026 to 2-28-2027 at $1495 per month.

137 Deana Dr Unit 139, Waco
$420,000
6 Beds ⋅ 4 Baths ⋅ 21376588 MLS
Each side of the duplex has 3 bedrooms, 2 baths, privacy fenced in back yard, and a 2 car garage attached. It is a great investment property, whether it is for your student or for a family. The duplex is located in the highly sought after Robinson ISD school district. Unit 117 lease is active 3-1-2026 to 2-28-2027 at $1595.00 per month. Unit 119 lease is active 2-1-2026 to 1-31-2027 at 1595.00 per month.

117 Deana Dr Unit 119, Robinson
$400,000
6 Beds ⋅ 4 Baths ⋅ 21092185 MLS
!!! Investors !!! Well-built 2007 duplex. 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

860 N Lacy Dr Unit 7-8, Lacy Lakeview
$400,000
6 Beds ⋅ 4 Baths ⋅ 21086189 MLS
!!! Investors !!! Well-built 2007 duplex. 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

860 N Lacy Dr Unit 3-4, Lacy Lakeview
$400,000
6 Beds ⋅ 4 Baths ⋅ 21090865 MLS
Description: !!! Investors !!! Well-built 2007 duplex. 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

860 N Lacy Dr Unit 5-6, Lacy Lakeview
$400,000
6 Beds ⋅ 4 Baths ⋅ 21086191 MLS
INVESTORS. Well-built 2007 duplex. Both sides feature 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into the complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

860 N Lacy Dr Unit 1-2, Lacy Lakeview
$389,900
6 Beds ⋅ 4 Baths ⋅ 21275412 MLS
Welcome to this newer brick and stone income-producing duplex, thoughtfully designed for durability, efficiency, and long-term investment potential. Each side offers 1,282 sq. ft. of well-designed living space featuring 3 bedrooms and 2 bathrooms with modern finishes throughout. The open-concept layout showcases stained concrete flooring and recessed lighting, creating a sleek and low-maintenance living environment. The kitchen features granite countertops, custom cabinetry, and plenty of space for cooking and entertaining. The primary bathroom also includes granite countertops along with a convenient tub shower combo. Each unit comes with its own private covered patio, perfect for relaxing outdoors. Outside, you'll find ample parking for up to 6 vehicles along with convenient alley access for added functionality and accessibility. The property is currently leased through the end of the year, making this a turnkey investment opportunity with immediate rental income. Whether you're looking to expand your investment portfolio or secure a well-maintained income-producing property, this newer construction duplex is an excellent opportunity.

1617 Cumberland Ave, Waco
$389,000
4 Beds ⋅ 4 Baths ⋅ 21292700 MLS
Excellent investment opportunity in growing McGregor, Texas! This fully occupied duplex offers immediate income potential with both units currently leased on month-to-month agreements, providing flexibility for future plans. Whether you're looking to expand your investment portfolio or purchase a property where you can live in one unit and rent the other, this duplex offers a variety of possibilities. Conveniently located near major employers, schools, shopping, and local amenities, the property is well-positioned to appeal to a wide range of tenants. Each unit features durable stained concrete floors and granite countertops throughout. Tenants enjoy their own private fenced backyard with a storage building, as well as two dedicated parking spaces per unit. Don't miss your chance to own a versatile income-producing property in one of Central Texas's growing communities.

602 Washington St, Mcgregor
$382,000
6 Beds ⋅ 6 Baths ⋅ 21365379 MLS
Brand-new construction duplex in the heart of growing Waco — a turnkey opportunity to build wealth through income-producing real estate or live in one side while the other pays your mortgage. Each unit offers 3 bedrooms, 2.5 baths, and a bright open-concept living,kitchen,dining space with bedrooms upstairs for privacy. Fresh from the ground up with new foundation, roof, HVAC, electrical, plumbing, LVP flooring, and modern finishes throughout — meaning low maintenance and years of worry-free ownership. Separately metered units make tenant billing simple. Ideally located just minutes from Baylor University, downtown Waco, and I-35. Quality new-construction duplexes in this area move fast — book your private showing today.

1919 Burnett Ave Unit A&B, Waco

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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