Multifamily Property for Sale in Waco, TX

  • Price: $250K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Waco, TX 76711
  • Size: 1,658 SF

Description

Located at 1501 South 29th Street, Units A & B in Waco, Texas, this two-unit duplex presents a compelling investment opportunity with upside in rental income. Each unit offers approximately 829 SF, making the property well-suited for long-term tenants or potential repositioning. The property has seen recent capital improvements, including foundation work, new HVAC systems, new water heaters, and updated flooring, reducing near-term maintenance concerns. One unit is currently rented at $1,100 per month, with market rent projected at $1,300 per month, providing immediate income with built-in upside. Due to recent foundation work, the vacant space has just been offered for lease. 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. For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today! Building SF: 1658 | Land Size: 0.17 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Waco, TX is listed for sale at $249,900 across 1,658 SF. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Waco, TX — <a href="/search/sale/multifamily/texas/waco">view the full market</a>.

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