Waco Area Real Estate Search

Multifamily For Sale

$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
$1,035,000
12 Beds ⋅ 12 Baths ⋅ 21023333 MLS
Two duplexes located on the same property. Each unit has 3 BR, 3 ensuite bathrooms, full kitchens, central heat & air. The units are suited for student housing, currently being used as short term and mid term rentals. There is parking available in the front and rear of the units. Stoarge in rear of unit. SELLER WILL FINANCE (Full details in TransactionDesk) Purchase Price: $1,035,000 Down Payment: 20% ($210,000) Seller Finance Amount: $825,000 Monthly Payment: $ 5,126.812 (Principal + Interest) Interest Rate: 7% fixed Amortization: 40 years Balloon: 5 years

1904 S 18th St S, 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
$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
$545,000
11 Beds ⋅ 6 Baths ⋅ 21191915 MLS
Incredible Turnkey Investment Portfolio – 3 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 2913 Homan Ave – MLS #21090835 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
$500,000
8 Beds ⋅ 8 Baths ⋅ 21315190 MLS
Discover an exceptional investment or versatile living arrangement in this distinctive duplex, located near Baylor University. Each of the two units boasts four bedrooms and four baths, offering abundant space and enhanced privacy. This property is ideal for multi-generational families, rental income, or a live-in-one, rent-out-the-other scenario. Its prime location places it just moments from Baylor University, making it an attractive option for students, faculty, or anyone desiring close proximity to a vibrant campus environment. The immediate neighborhood offers accessibility and local charm, ensuring a balanced and desirable lifestyle. This offering represents significant potential and comfort in a highly sought-after area.

1907 S 17th St, 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
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
$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
$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
6 Beds ⋅ 4 Baths ⋅ 21169538 MLS
Well maintained duplex in Surrey Ridge Addition and Midway School District. Each unit door includes 3 bedrooms, 2 baths, large living area, dining area, spacious kitchen, laundry room with washer dryer connections and a 2car garage. Appliances supplied with the kitchen include range oven, microwave, dishwasher, disposal. Outdoor has a covered patio, completely fenced backyard, sprinkler system and freestanding mailbox. Easy access to IH35 and minutes away from Baylor Scott and White Medical Center, Central Texas Marketplace, Waco Industrial Park, and Baylor University.

3009 Buckskin Ln Unit 3013, 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
$399,000
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
$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
$385,000
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
$374,999
6 Beds ⋅ 6 Baths ⋅ 21238613 MLS
Stunning new construction duplex in Waco featuring modern finishes and a functional layout. Each side includes 3 spacious bedrooms, 2.5 bathrooms, and an open-concept living area perfect for everyday living and entertaining. The kitchen comes equipped with granite countertops and a full appliance package. Whether you're looking for a smart investment or a place to call home while generating rental income, this property checks all the boxes. Prime location near Baylor, shopping, and dining.

1536 Alexander Unit A & B, Waco
$370,000
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
New construction duplex offering modern finishes and strong investment potential. Each unit features 2 bedrooms, 1.5 bathrooms, an open-concept living and kitchen area, downstairs half bath, and upstairs Jack-and-Jill style full bathroom layout. Modern touches throughout include butcher block countertops, black fixtures, updated cabinetry, vinyl flooring downstairs, and carpet upstairs. Separate driveways and individual entrances provide added convenience and privacy for tenants. Ideal opportunity for investors or owner-occupants looking to offset expenses with rental income. Estimated rental potential around $1,200–$1,250 per side. Low-maintenance construction with easy access to downtown Waco, Baylor, and I-35. Property is also available for lease.

1623 Seley Ave, Waco
$339,900
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
$329,000
4 Beds ⋅ 3 Baths ⋅ 21321944 MLS
Versatile Living Meets Income Potential in La Vega ISD! Whether you're looking for a primary residence with built-in rental income or a full investment property, this beautifully renovated home offers endless possibilities. Currently configured as a duplex, the property can generate income from both units or easily be converted back into a spacious 4-bedroom, 3-bath single-family home with a simple wall modification—perfect for a growing family. Offering over 1,700 square feet of fully remodeled living space, this home is truly move-in ready. Inside, you'll find a stylish modern farmhouse design highlighted by elegant gold accents, crisp white finishes, bold black fixtures, and contemporary updates throughout, creating a warm and inviting atmosphere. Situated on a generous half-acre corner lot in the desirable La Vega ISD, the expansive backyard is shaded by mature trees and provides plenty of room for entertaining, family gatherings, gardening, or simply relaxing outdoors. Whether you're a savvy investor, house hacker, or homebuyer seeking extra space and flexibility, this unique property checks all the boxes. Conveniently located with quick access to shopping, dining, schools, and all that Waco has to offer, it's an opportunity you won't want to miss. Schedule your private showing today and discover the flexibility, value, and income potential this exceptional property has to offer!

3830 Colina Ln, 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
$327,000
229313 MLS
Attention Investors! This 100% occupied, 2-bedroom, 1-bathroom duplex is the perfect addition to your rental portfolio. Designed for efficiency and ease of management, this property minimizes maintenance while maximizing returns. The smart layout makes turnovers and make-ready's quick and cost-effective. Built with OSB sheathing and spray foam insulation in the attic, this duplex offers enhanced energy efficiency and durability—keeping utility costs lower and long-term maintenance minimal. Also, this property is just a short distance from a brand-new, multi-million dollar park that the city is developing. With a manageable footprint and tenant-friendly design, this duplex is ideal for investors looking for a hassle-free rental. Whether you're a seasoned investor or just getting started, this is a solid opportunity to own a low-maintenance, income-producing property.

2524 Flint Ave, Waco
$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
$299,900
6 Beds ⋅ 4 Baths ⋅ 21309687 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 includes two identical units with three bedrooms, two bathrooms and modern amenities throughout. Energy-efficient features and appliances are proven to drive down utility costs. Durable luxury vinyl plank flooring. Earn additional income or let someone else pay a portion of your house payment -take a look today! Both sides are currently leased, providing instant income.

4716 Iowa St, Bellmead
$299,000
5 Beds ⋅ 2 Baths ⋅ 21236959 MLS
Welcome to 2719–2721 Parrott Ave, a fantastic income-producing duplex offering immediate cash flow and long-term investment potential! This two-story property features two separate units, making it ideal for investors or owner-occupants looking to offset their mortgage. Unit A offers a spacious 3-bedroom, 1-bath layout, while Unit B features a comfortable 2-bedroom, 1-bath setup—perfect for tenants seeking affordability and convenience. Currently, the property is tenant-occupied with rental income of $800 month, providing steady cash flow from day one. Whether you’re looking to expand your investment portfolio or live in one unit while renting out the other, this property delivers flexibility and value. Located in a growing area with strong rental demand, this duplex is a great opportunity to build equity while generating income. Don’t miss your chance to own a versatile property with solid upside potential!

2719-2721 Parrott Ave, Waco
$287,500
4 Beds ⋅ 2 Baths ⋅ 21300795 MLS
Located in the heart of Waco in an established neighborhood near Tennyson Middle School and close to shopping, dining, and everyday conveniences. This duplex offers a great opportunity for both homeowners and investors. Live in one unit while generating rental income from the other, or add a solid investment property to your portfolio. Each single-story unit features 2 bedrooms and 1 bathroom with a functional layout. Front-entry carports provide convenient covered parking, along with additional storage space. Step outside to fully fenced backyards that offer privacy and space to enjoy.

5309 Tennyson Dr Unit 11, Waco
$264,900
6 Beds ⋅ 2 Baths ⋅ 21270211 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 includes two identical units 838 sq ft each with three bedrooms, one bathroom and modern amenities throughout. Energy-efficient features and appliances are proven to drive down utility costs. Fully set up for SMART HOME TECHNOLOGY. Earn additional income or let someone else pay a portion of your house payment - take a look today!

1619 N 12th St, Waco
$250,000
4 Beds ⋅ 2 Baths ⋅ 21218510 MLS

3441 Pewitt Dr Unit 43, Waco
$249,900
21172996 MLS
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.

1501 S 29th St, 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
$229,000
4 Beds ⋅ 2 Baths ⋅ 21286295 MLS
Exceptional investment opportunity in the heart of Waco! This fully leased duplex offers immediate income potential and is a fantastic addition to any investment portfolio. Conveniently located near shopping, dining, schools, and all that Waco has to offer, this well-maintained property combines classic appeal with strong rental demand. Both units are currently occupied, providing stable cash flow from day one. Whether you're a seasoned investor or looking to expand your real estate holdings, this duplex presents an outstanding opportunity to own an income-producing property in a desirable central Waco location.

3717 Parkwood St, 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
$215,000
4 Beds ⋅ 2 Baths ⋅ 21302964 MLS
2 bedroom 1 bath duplex that always stays rented. Currently have long term tenants. 3716 side has a 2 car garage in the back yard, and both units have fenced in back yards. Both units come with window units and wall mounted heaters. This duplex is a great investment opportunity! Roof and electrical were replaced in 2020. Major plumbing drain line replacement within the last 6 months for both sides.

3716 Ethel Ave, Waco
$205,000
4 Beds ⋅ 2 Baths ⋅ 21230795 MLS
Great curb appeal and strong investment potential! Ideally located just one mile from the Circle and only three miles from Baylor University, this property is perfectly positioned for consistent rental demand. Features include ample parking, convenient exterior storage, and identical floor plans. A great opportunity for investors looking to generate reliable income with room for future growth. Please note- side B is already renovated, while side A is original.

3309 Alta Vista Dr, Waco
$199,000
4 Beds ⋅ 3 Baths ⋅ 21233070 MLS
Fully occupied duplex in the heart of Waco! This fully occupied duplex delivers immediate cash flow with a 100% occupancy rate and low overhead. Built in 1916 and spanning 1,710 sq ft, this one-story property consists of two income-producing units with solid rental history. Reach out for financials or to schedule a walkthrough—this opportunity won't last.

2208 Cumberland Ave, Waco
$190,000
4 Beds ⋅ 2 Baths ⋅ 21230740 MLS
Great curb appeal and strong investment potential! Ideally located just one mile from the Circle and only three miles from Baylor University, this property is perfectly positioned for consistent rental demand. Features include ample parking, convenient exterior storage, and identical floor plans. A great opportunity for investors looking to generate reliable income with room for future growth.

3305 Alta Vista Dr, 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
$185,000
21268755 MLS
Investment Opportunity-Mobile home & RV park on 1.9 acres located outside of Bruceville. On one side of the driveway, there are currently seven RV spots with full hookups. And on the other side is mobile home tenant. There are 4 water meters, 4 electric meters, and 3 septic systems on the property. There are also three storage sheds. Long term tenants, utilities and income producing creates immediate cash flow!

154 Franks Villa, Bruceville
$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
$150,000
4 Beds ⋅ 1 Baths ⋅ 21287460 MLS
Current tenant shall reserve the right to remain in the property at current lease rates for 90 days from the executed date of Buyer's contract. Many windows have been replaced with vinyl windows. Roof has been updated since construction date.

2722 Mildred St, Waco
$96,500
1 Beds ⋅ 1 Baths ⋅ 21221589 MLS

1326 S 11th St Unit 2, Waco
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