Waco Multifamily For Sale

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

$1,275,000

21394263 MLS

1312 Wood Ave Unit A,B,C,D, 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

$895,000

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

$850,000

4 Beds ⋅ 4 Baths ⋅ 21394389 MLS

1220 Wood Ave, Waco

$850,000

4 Beds ⋅ 4 Baths ⋅ 21394319 MLS

1218 Wood Ave, Waco

$850,000

4 Beds ⋅ 4 Baths ⋅ 21394366 MLS

1301 James Ave, Waco

$850,000

4 Beds ⋅ 4 Baths ⋅ 21394352 MLS

1303 James Ave, Waco

$799,900

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

$749,800

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. SELLER IS OFFERING $10,000 TOWARD BUYER CLOSING COSTS WITH AN ACCEPTABLE OFFER.

1309 Wood Ave, Waco

$749,000

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

$575,000

8 Beds ⋅ 8 Baths ⋅ 21392949 MLS

Two sides, eight bedrooms, eight baths — one smart investment. This Waco duplex sits in the Baylor Bubble and offers approximately 3,506 total square feet across two 1,753-square-foot units, each with 4 bedrooms and 4 full baths—one bedroom and bath downstairs, three up—for privacy without sacrificing shared living space. Each unit also has its own living area, dining space, kitchen, and laundry. Side A (shown in photos) features neutral wood-look vinyl-plank flooring, abundant natural light, ceiling fans, and a well-equipped kitchen with ample cabinetry and counter space, a dishwasher, microwave, range, and refrigerator. Upstairs bedrooms offer good closet storage. Painted brick, off-street concrete parking, and a fenced backyard round out the exterior. Built in 2002 and close to Baylor University, 1916 S 15th St pairs eight bedrooms and eight full baths across two identical 4-bed,4-bath floor plans, each a fully self-contained unit.

1916 S 15th St Unit A & B, Waco

$569,900

2 Beds ⋅ 2 Baths ⋅ 21393402 MLS

Prime investment opportunity within walking distance of Baylor University! This updated duplex features two separate 2-bedroom, 2-bath units for a total of 4 bedrooms and 4 full bathrooms. Currently leased for a combined $3,600 per month, the property offers immediate rental income along with plenty of flexibility for the next owner. Both units feature bright, open living spaces, updated kitchens and bathrooms, in-unit laundry, and thoughtfully designed layouts that feel more like home than your typical student rental. Outside, you'll find a large fenced backyard, ample parking, alley access, and an upstairs balcony. With eligibility for both short-term and long-term rentals, there are multiple ways to make this property work for you. Continue leasing both units, utilize one or both as short-term rentals, or purchase for your Baylor student to live in one side while generating income from the other. The property can also be sold partially furnished for an even easier transition. Updated, income-producing, STR eligible, and conveniently located near Baylor, this duplex is ready for its next investor. Schedule your private showing today!

1301 Wood Ave Unit A & B, Waco

$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

$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

7 Beds ⋅ 4 Baths ⋅ 21400787 MLS

Investment opportunity in Waco! 1702 Ethel Avenue is a fully renovated triplex offered as part of a multi-property investment portfolio. The property consists of three residential units: a spacious 4-bedroom, 1-bath lower unit in the main residence, a 2-bedroom, 2-bath upper unit, and a detached 1-bedroom, 1-bath cottage located at the rear of the property. All three units have undergone extensive renovations and feature mini-split systems for heating and cooling. The property offers ample off-street parking and separate water, gas, and electric meters for each unit, providing an attractive setup for investment ownership and property management. Additional properties available as part of the portfolio include 1704 Ethel Avenue and 1716 Ethel Avenue. Contact your real estate professional for additional information regarding the portfolio offering, financials, leases, and availability. Please do not disturb tenants.

1702 Ethel Ave, Waco

$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

$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

1716 Ethel Ave Unit 1714, 1718, 1720, Waco

$410,000

4 Beds ⋅ 4 Baths ⋅ 21400887 MLS

Investment opportunity in Waco! 1716 Ethel Avenue is a four-unit property offered as part of a multi-property investment portfolio. The property consists of two buildings: a front triplex comprising 1716, 1718, and 1720 Ethel Avenue, plus a detached cottage at 1714 Ethel Avenue. All four residences feature 1-bedroom, 1-bath floor plans, providing a desirable and efficient rental configuration. All four units are currently tenant occupied, providing established rental income. The property has benefited from extensive improvements and offers a stabilized investment opportunity with tenants in place. This property is being offered in conjunction with 1702 Ethel Avenue and 1704 Ethel Avenue as part of a larger 9-unit investment portfolio. Contact your real estate professional for additional information regarding the portfolio, leases, financials, and availability. Please do not disturb tenants.

1716 Ethel Ave Unit 1714, 1718, 1720, Waco

$399,900

4 Beds ⋅ 4 Baths ⋅ 21389747 MLS

Welcome to this beautiful newer-construction duplex in Waco, TX! Each side features 2 bedrooms, 2 bathrooms, and 1,218 square feet of thoughtfully designed living space. Both units offer an open-concept floor plan with vinyl flooring throughout, creating a clean and modern feel. The primary suites feature spacious bathrooms with dual vanities and walk-in closets with open shelving for added storage. Each unit also includes its own private balcony, while the property offers parking for up to four vehicles. Rain gutters add an extra layer of functionality, and all appliances convey with the sale, including the washer and dryer. Located just minutes from Downtown Waco, local restaurants, and shops, this property is also only 4 minutes from Baylor University, making it an appealing location for tenants and investors alike. Whether you're looking to expand your investment portfolio or secure a well-maintained, income-producing property, this newer-construction duplex offers a fantastic opportunity in a convenient Waco location.

1215 Kellum St, Waco

$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

$374,900

4 Beds ⋅ 4 Baths ⋅ 21390551 MLS

Don’t miss this incredible opportunity to own a brand-new construction duplex offering modern finishes, functional layouts, and excellent rental potential! Each unit features 2 spacious bedrooms, 2 full bathrooms, and an inviting open-concept floor plan perfect for everyday living and entertaining. The eat-in kitchen is complete with granite countertops, ample cabinetry, and all-electric appliances including a refrigerator, oven range, and dishwasher. Beautiful wood flooring runs throughout, while sizable closets provide plenty of storage. Each primary bedroom features its own private en suite bathroom, and a dedicated laundry room adds even more convenience for tenants. Both units are currently vacant and ready for occupancy, making this a fantastic opportunity to start generating income right away. A comparable duplex next door reportedly leases for approximately $1,800 per month per 2 bedroom unit, showcasing the strong income potential this property may offer. Whether you’re looking to add a quality property to your investment portfolio or live in one unit while leasing the other, this new construction duplex delivers flexibility, modern style, and outstanding income-producing possibilities!

711 4th St, Eddy

$365,000

6 Beds ⋅ 4 Baths ⋅ 21279640 MLS

Welcome to this versatile 1.5-acre property in Axtell, TX offering endless opportunity and space to spread out. This unique property features three separate living spaces, making it perfect for multi-generational living or investment potential. The mobile home offers 3 bedrooms, 2 bathrooms, and a convenient carport. The apartment includes 1 bedroom and 1 bathroom, with the refrigerator conveying with the sale. The main house features 2 bedrooms, 1 bathroom, plus a 2-car garage and an additional carport for ample parking and storage. You’ll also find a red shed with electric and water already in place, finished with sheetrock and texture—ideal for a workshop, studio, or extra storage space. A separate storage shed adds even more functionality to the property. Whether you’re looking to live, invest, or create income-producing opportunities, this Axtell property is full of potential and ready for its next chapter.

112 Woodlake Ln, Axtell

$350,000

4 Beds ⋅ 4 Baths ⋅ 21342579 MLS

1401 Chapel Ridge Rd Unit 1403, Waco

$350,000

4 Beds ⋅ 4 Baths ⋅ 21336022 MLS

Welcome to this modern duplex in the heart of Hewitt! Calling all investors—this is a turnkey opportunity with tenants already in place, making it the perfect addition to your real estate portfolio. Each unit offers 2 bedrooms and 2 bathrooms with modern finishes throughout, creating a stylish and comfortable living space. Each side also features its own 2-car carport and a private patio, giving tenants a place to relax and enjoy the outdoors. Recent exterior improvements include fresh paint, stained fencing and wood accents, updated landscaping, and added exterior lighting, enhancing the property’s curb appeal. One side of the duplex has also been updated with new windows. Whether you’re looking to grow your investment portfolio or secure a low-maintenance, income-producing property, this duplex is one you won’t want to miss!

208-212 Queen Dr, Hewitt

$340,000

4 Beds ⋅ 2 Baths ⋅ 21263796 MLS

Fully leased Waco duplex offering immediate rental income and a turnkey investment opportunity. Both units are currently leased for 12 months at $1,250 per month each, providing $2,500 in combined monthly rent and $30,000 in annual gross rental income. New Construction investment property features two 2-bedroom, 1.5-bath units, each with a functional two-story floor plan. The main level offers an open-concept kitchen and living area, half bath, and laundry closet. Upstairs you'll find both bedrooms and a Jack-and-Jill style full bathroom. Modern finishes include butcher block countertops, black fixtures, updated cabinetry, vinyl flooring downstairs, and carpet upstairs. Each unit also offers its own private entrance and separate driveway for added convenience. With tenants already in place, this income-producing duplex offers an investor the opportunity to acquire a newer, low-maintenance rental property with established income from day one. Conveniently located with access to downtown Waco, I-35, Baylor University, McLennan Community College (MCC), and Texas State Technical College (TSTC).

1623 Seley Ave, Waco

$327,000

5 Beds ⋅ 3 Baths ⋅ 21326395 MLS

Exceptional redevelopment or investment opportunity in a convenient central Waco location. This unique 1.88± acre property features three buildings, including a 5,900+ SF main building and two additional buildings of just under 1,000 SF each. With 10+ parking spaces and highly desirable, flexible O-2 zoning, the possibilities are endless for office, medical, residential conversion, or future redevelopment (buyer to verify permitted uses). Utilities are available, and the property’s prime location offers quick access to major roads, making it an outstanding opportunity for investors, developers, or owner-users.

2323 N 39th St, Waco

$309,000

21392683 MLS

Single-story duplex located at 100 Gruver Circle in Hewitt, consisting of Units 100 and 102. The property offers approximately 2,230 square feet of total building area on approximately 0.305 acres within the established Southern Hills area. The duplex features brick exterior construction, central heating and cooling, a composition-shingle roof, and living room fireplace. Each unit features a three-bedroom, two-bath layout with dedicated laundry connections and covered carport spaces per unit. The two-unit configuration provides functional residential floorplans in an established neighborhood setting with convenient access throughout Hewitt and the greater Waco area. Buyer and buyer's agent to verify all information, including measurements, acreage, schools, zoning, utilities, and property features.

100 E Gruver Cir Unit 102, Hewitt

$300,000

225752 MLS

Check out this multi-property Lasker Avenue Investment Package. 2604 Lasker Avenue Unit A is a 3BR / 1BA, 1,090 SF. 2604 Lasker Avenue Unit B is a 1BR / 1BA, 660 Sf. 2604 Lasker Avenue Unit C is a 1BR / 1BA, 660 SF. Tenant lease details upon request. This property can be sold as a one-off or grouped with other properties as an investment package. For further details, please ask.

2604 Lasker Ave, Waco

$275,000

3 Beds ⋅ 3 Baths ⋅ 21371288 MLS

Turn-key investment opportunity in the heart of Waco! This fully furnished 3-bedroom, 3-bath home offers a flexible layout and is ready for its next owner. The remodeled interior features a stylish kitchen with custom cabinetry, stainless steel appliances, gas range, farmhouse sink, and pot filler. Two bedrooms feature private en-suite baths, making the layout especially appealing for short-term, mid-term, or long-term rental use. The spacious primary suite includes dual vanities, a walk-in shower, freestanding tub, and walk-in closet. Outside, enjoy a large backyard, spacious deck, and detached garage offering additional storage or future potential. Conveniently located near Baylor University, downtown Waco, Magnolia, shopping, dining, and major attractions. An excellent opportunity for an investor looking for a furnished, move-in or rental-ready property in a strong Waco location.Currently an income producing Airbnb.

929 N 12th St, Waco

$274,900

6 Beds ⋅ 4 Baths ⋅ 21306739 MLS

Amazing opportunity for investors, or someone who wants to have passive income while living in one unit and renting out the other! Almost new duplex on a quiet Waco street includes two identical units each with three bedrooms, two baths and modern amenities throughout. Energy-efficient features and appliances that are difficult to find in other properties in the area. Efficient floorplan with a large living area and open kitchen. Earn additional income or let someone else pay a portion of your house payment - take a look today!

3206 N 20th A St, Waco

$259,900

4 Beds ⋅ 2 Baths ⋅ 21372582 MLS

Fully Occupied, Remodeled Duplex Across from TSTC - Here’s the kind of investment property that makes sense on paper and in person. This single-story Waco duplex is 100% occupied, with residential leases in place on both sides, offering an established income-producing opportunity from day one. Built in 1968, the property offers 1,800 total square feet on approximately 0.2328 acres, with two well-proportioned units of approximately 900 square feet each. Each side features 2 bedrooms and 1 full bath, giving the property a practical, straightforward layout that has stood the test of time. Both units have been remodeled, including new windows and flooring along with renovated kitchen and bathroom. The duplex features functional living spaces with luxury vinyl plank flooring, neutral finishes, kitchens with ample cabinetry and counter space, and comfortable room sizes. Seller-owned appliances, including refrigerators, washers and dryers, convey with the property. Central heat and air, along with city water and sewer, round out the everyday essentials. Outside, mature trees bring shade and character to the lot, while open parking keeps things uncomplicated. The location is hard to overlook, sitting just across the street from Texas State Technical College and convenient to I-35 for access throughout Waco and beyond. Whether adding to an existing portfolio or making a first move into multifamily ownership, this fully occupied duplex offers something investors appreciate: two doors, established tenancy, thoughtful improvements, and a location with practical staying power.

105 Faye St Unit A & B, Lacy Lakeview

$245,000

3 Beds ⋅ 2 Baths ⋅ 21371240 MLS

Adorable modern farmhouse style shiplap cottage being sold fully furnished and currently operating as a income producing Airbnb, making it a perfect opportunity for investors or buyers looking for a move-in ready home. This charming 3 bedroom, 2 bathroom home features an open layout with stylish finishes throughout, including beautiful shiplap walls and warm wood ceilings that create a cozy cottage feel, the kitchen offers ample cabinetry, modern appliances, and great flow into the dining and living areas, making the space both functional and inviting, plus a large walk-in utility room that comes with washer & dryer, each bedroom is spacious and thoughtfully designed, plus 2 full bathrooms. Step outside to enjoy the large backyard, perfect for relaxing, entertaining, or future outdoor additions. With its unique character, modern updates, and proven short-term rental history, this home offers both charm and income potential. Whether you're looking for a turnkey Airbnb investment, weekend getaway, or full time residence, this super cute cottage is ready to go.(Bonus: Seller also has 3 more airbnb's available, package deal optional)

2024 Edna Ave, Waco

$245,000

225746 MLS

Check out this multi-family property on S. 30th Street. Close proximity to S. Valley Mills Drive, IH-35 and various shopping and restaurants. This multi-family property consists of two (2) units. Unit A is a 2BR / 1BA, 660 SF, upstairs unit. Unit B is a 2BR / 1BA, 700 SF, downstairs unit. Buyer and buyer’s agent to verify all details. This property can be sold as a one-off or grouped with other properties as an investment package. For further details, please ask.

1312 S 30th St, Waco

$239,900

3 Beds ⋅ 2 Baths ⋅ 21370833 MLS

Adorable, fully furnished home currently operating as an income-producing short-term rental! This charming 3-bedroom, 2-bath home features a warm and inviting layout with a spacious living area, granite countertops in the kitchen, and a cozy breakfast area. The bright enclosed sunroom offers flexible additional space—perfect for a game room, home office, or second living area. Outside, enjoy a large fenced backyard with plenty of room to relax or entertain, plus a detached garage offering excellent storage or workshop space. Whether you're looking for a move-in ready home, furnished investment property, or short-term rental opportunity, this one is ready to go! Bonus: Seller has three additional furnished Airbnb properties available and may consider a package sale.

1108 N 28th St, Waco

$235,000

3 Beds ⋅ 2 Baths ⋅ 21371184 MLS

Fully furnished and move-in ready! This updated 3-bedroom, 2-bath home is currently operating as a income producing Airbnb and offers a fantastic opportunity for investors or homeowners alike. The open living space flows into the kitchen featuring a large island with seating. The primary bedroom includes its own private bathroom for added comfort. Outside, you’ll find a spacious fully fenced backyard and a detached garage providing extra storage or workspace. Conveniently located near McLennan Community College and just minutes from local shopping and dining. (3 more Airbnb’s available if interested in a package deal!!)

3508 N 23rd St, Waco

$232,500

3 Beds ⋅ 2 Baths ⋅ 21377288 MLS

Income producing duplex currently renting at $2600 a month. Financials available upon request. Centrally located on a oversized lot with an outbuilding that could be used as storage and additional parking. All information deemed reliable but not guaranteed. Buyer will need to verify.

500 N 34th St, Waco

$229,900

3 Beds ⋅ 2 Baths ⋅ 21416989 MLS

ATTENTION INVESTORS, HOUSE HACKERS, FIRST TIME BUYERS & ANYONE LOOKING TO MAKE A WISE HOME PURCHASE IN 2026! 2108 Lyle Avenue is the perfect way to start or add to your real estate investing journey. Beginning with a vision and dream of the current owner herself, this 1948 traditional style home was transformed into a two unit investment property that features a cozy 2-bed 1-bath owner's unit in the back and a 1-bed 1-bath rental unit in the front that was leased at $1080 per month for the past 18 months. Each unit has private parking and entrance. Front unit has a spacious living room, eat-in kitchen, large bedroom, full bathroom and large storage closet. The back unit features a large open concept living room, eat in kitchen with bar seating, laundry, ample counter space and cabinets, & small pantry closet - all the essentials for your day at your fingertips. The back unit includes a master suite with full bathroom plus a guest bedroom. This property offers great options to either live in one unit and rent the other, or rent out both units. And if that's not enough for you, the detached garage has been partially converted to a guesthouse (including bathroom and kitchen plumbing) that with some finishing touches could serve as an additional rental unit or hangout space. So many possibilities here and both existing units are move-in ready! Located in the heart of Waco within a short drive of many restaurants, shops, schools and other local amenities, 2108 Lyle Avenue could hold the key to building that real estate portfolio you've been dreaming of!

2108 Lyle Ave, Waco

$225,000

2 Beds ⋅ 2 Baths ⋅ 21400843 MLS

Investment opportunity in Waco! 1704 Ethel Avenue is a fully renovated duplex offered as part of a multi-property investment portfolio. The property consists of two 1-bedroom, 1-bath units, with one located upstairs and one downstairs. Units A and B feature similar floor plans and have undergone extensive interior renovations, including mini-split systems for heating and cooling. Both units are stabilized with tenants currently in place, offering immediate rental income for the new owner. This property is being offered in conjunction with 1702 Ethel Avenue and 1716 Ethel Avenue as part of a larger 9-unit investment portfolio. Contact your real estate professional for additional information regarding the portfolio, leases, financials, and availability. Please do not disturb tenants.

1704 Ethel Ave Unit B, Waco

$220,000

5 Beds ⋅ 2 Baths ⋅ 21210571 MLS

Investor opportunity in Waco! This income-producing duplex at 1200–1202 N 9th Street offers immediate cash flow with both units currently leased—one at $1,000 per month and the other at $1,200 per month. Each unit provides comfortable living space with functional layouts, making it an attractive option for long-term tenants. Whether you're looking to expand your rental portfolio or step into your first investment property, this duplex delivers steady income with upside potential. Conveniently located with easy access to local amenities, schools, and major thoroughfares, the property appeals to a wide range of renters. Don’t miss this chance to secure a performing asset in a growing market—schedule your showing today!

1200-1202 N 9th St Unit 2, Waco

$199,900

4 Beds ⋅ 2 Baths ⋅ 21414361 MLS

Investment Opportunity – Income-Producing Duplex! Excellent opportunity to add an income-producing property to your investment portfolio! This duplex features two separate units, each offering 2 bedrooms, 1 bathroom, and a functional floor plan designed for comfortable everyday living. Both units feature granite countertops, a combination of luxury vinyl plank flooring and carpet, central air conditioning, and individual laundry hookups for added convenience. Each unit also offers its own private entrance and dedicated parking space. With active leases already in place, this property presents an attractive opportunity for investors seeking an established rental property with immediate income potential. It is also available as part of a larger investment portfolio with MLS 21409129 and MLS 21409264.

2316 Mckenzie Ave Unit 18, Waco

$189,900

4 Beds ⋅ 4 Baths ⋅ 21216030 MLS

2 for 1 opportunity in Crawford ISD. Located at 9088–9100 5th St in Crawford, this property features two retrofitted manufactured homes that have never been moved, each with its own water and electric meter. 9100 5th St is a 2-bedroom, 2-bath home providing 1,176 sqft and is currently leased for $1,250 on a long-term lease. 9088 5th St is also a 2-bedroom, 2-bath home with 960 sqft and is leased for $1,050 on a long-term lease. Both units are already producing income, creating immediate cash flow from day one. The separate utilities, long-term tenants, and proven rental history make this a strong investment option. For owner-occupants, this setup also provides the ability to offset a mortgage with rental income. Located in a desirable area with strong demand and access to Crawford ISD, this property provides both stability and long-term upside.

9100/9088 5th St, Crawford

$189,900

21090839 MLS

2 properties for under $190,000. Unique Dual-Home Investment Opportunity in Waco! Exceptional opportunity to own two income-producing homes on one property ID—perfect for investors or multi-generational living. The main residence at 3000 Ethel Ave is a charming single-family home offering inviting living spaces and timeless appeal. The secondary home at 1412 N 30th St is a 1-bedroom, 1-bath garage apartment, ideal for generating rental income, hosting guests, or providing a private in-law suite. Conveniently located near downtown Waco, Baylor University, shopping, and local amenities, this versatile property combines flexibility, steady income potential, and long-term value in one prime package. Live in one, rent the other -build wealth in Waco. New roof installed approximately 2018 Also available as part of a larger investment portfolio – MLS 21191915

3000 Ethel Ave, Waco

$165,000

2 Beds ⋅ 2 Baths ⋅ 21090849 MLS

Fully Occupied Duplex in Prime Waco Location! Fully Occupied Duplex in the Heart of Waco! Strong investment opportunity in a prime Waco location! This income-producing duplex features two well-maintained 1-bedroom, 1-bath units, both currently tenant-occupied, delivering immediate and consistent rental income. Each unit offers comfortable living space, private entrances, and a convenient single-story layout—ideal for easy management and long-term tenant appeal. Perfectly situated near shopping, dining, schools, and major roadways, this property combines steady cash flow, low-maintenance ownership, and strong rental demand in a growing market. Whether you’re expanding your portfolio or seeking your next reliable income property, this duplex checks every box. Also available as part of package deal MLS: 21191915

3412 Brook Cir, Waco

$159,000

4 Beds ⋅ 2 Baths ⋅ 21418090 MLS

INVESTMENT OPPORTUNITY IN THE HEART OF WACO! Calling all investors and house hackers! Don’t miss your chance to own this income-producing duplex conveniently located in the heart of Waco! Whether you’re looking to expand your rental portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Unit A is currently leased for $1,150 per month, providing immediate rental income, while Unit B is vacant and ready for a new tenant or owner-occupant. With two separate units, this property offers flexibility and multiple opportunities to maximize your investment. Conveniently situated near shopping, dining, schools, and major roadways, this duplex is positioned in an accessible Waco location.

923 Reynolds St, Waco

$96,500

1 Beds ⋅ 1 Baths ⋅ 21221589 MLS

1326 S 11th St Unit 2, Waco

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