Courtesy: Real Broker, LLC
Excellent investment opportunity just minutes from Baylor University! This well-located duplex sits approximately five blocks from campus and is surrounded by established student housing. Each identically unit offers a spacious 2-bedroom, 2-bath layout with approximately 1,162 square feet per side and separate parking for each unit. Both units lease for $1,325 per month, with one currently occupied, providing immediate income. Recent improvements include foundation repairs and new flooring completed in August 2024. Ideal for investors seeking steady rental income in a high-demand Baylor area location.
Courtesy: Bentwood Realty
254-300-4800
Ready to buy your first rental property or add to your portfolio? Want to live in one side and rent out the other? This is your place! With some TLC this place could be the perfect place for your investment journey. Make your appointment and come see for yourself!
Courtesy: Kelly, Realtors
254-741-1500
Beautifully maintained duplex in highly desired Sunwest Village Townhomes Addition, Midway ISD. Each unit has 3 bedrooms, 2 baths, and open floor plans that feature rock wood burning fireplaces. The living room is open to spacious kitchen and breakfast area that overlooks spacious back yard. Lots of cabinets and granite counter space as well as pantry and stainless steel appliances make this kitchen a chef's delight. The carpeted isolated primary bedroom has his and her sinks, separate tub and shower, and large walk in closet. A rarity for duplexes is the fenced, spacious yard on both sides. 408 prosperity Trl has a pergola and is fenced and cross fenced. This one has been loved!
Courtesy: Coldwell Banker Apex, REALTORS
254-776-0000
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.
Courtesy: Weichert, Realtors - The Eastland Group
254-235-5015
Investment opportunity in the heart of North Waco. Located on the corner of N 24th Street and Edna Avenue, this 4-unit multifamily property offers stable income, strong rental demand, and easy access to nearby schools, shopping, and major employers. Each unit is individually metered and designed for low-maintenance operation — a solid addition to any investor’s portfolio. With continuous rental demand in this neighborhood and the ongoing growth throughout Waco, this corner property presents a compelling long-term hold or value-add opportunity. Whether you’re expanding your investment portfolio or stepping into multifamily ownership, this is a property worth serious consideration. Each unit is furnished and comes with a stove and refrigerator. This turnkey investment provides multiple income streams in one prime location. Schedule your private showing Legal: MELBOURNE HTS Block P, Lots 8 & 9 (0.2032 + 0.2008 acres).
Courtesy: JPAR
972-836-9295
Great investment property in the heart of Waco! Property is located only minutes away from Baylor University. This duplex is on a large corner lot. Perfect for a first time buyer or someone looking to create a good porfolio of investment properties.
Courtesy: EG Realty
Welcome to 1603 West Ave, where comfort meets convenience in this inviting multifamily home. As you step inside, you're greeted by a spacious living room, providing the perfect spot to relax or entertain. Adjacent to the living area is a well equipped kitchen and dining space, offering functionality and charm for your culinary endeavors. You'll enjoy the convenience of a shared laundry room with provided washer and dryer, ensuring laundry day is a breeze. Located in a desirable location, don't miss out on the opportunity to make this property your new home.
Courtesy: NextHome Our Town
Turn-Key Smart Rental With Strong Cash Flow Potential - Discover a fully renovated, North Waco property designed for low-maintenance ownership and dependable rental income. This two-bedroom home has been modernized from top to bottom and operates as a complete smart home, offering remote-controlled security cameras, smart thermostat, smart lighting, and integrated monitoring features—ideal for both investors and tenants seeking convenience and safety. Can also be sold fully furnished. The layout includes an efficient living area, updated kitchen with modern cabinetry and shelving, and a bright dining space that comfortably fits multiple table configurations. Major systems have been replaced, including HVAC, water heater, windows, siding, electrical updates, and more, reducing future capital expenses and maximizing long-term ROI. A premium Purigan whole-home water filtration system—protected by a lifetime warranty—delivers high-quality water throughout the property and is a rare added value in this price range. The home also has a top-tier washer, dryer, and refrigerator, that can be sold with the property, making it a true plug-and-play rental with no additional setup required. Outside, the spacious backyard provides room for future enhancements and tenant appeal, while the surrounding neighborhood features a growing number of renovated homes and income-producing rentals. Whether you’re adding to your portfolio or launching your first investment, this property offers immediate income potential with impressive upgrades already in place.
Courtesy: The McLeod Company
Courtesy: Regency Park Properties LLC
Duplex in a convenient location close to Loop 340. Unit A features 2 bedrooms, 1.5 baths, and is currently rented to a reliable multi-year tenant at $995 per month. Unit B offers 2 bedrooms and 1 bath, with fresh interior paint, new LVT flooring, and new carpet. Unit B has fenced yard area, providing privacy and outdoor space. A great opportunity for investors or owner-occupants looking for steady rental income in a desirable area.
Courtesy: EG Realty
Take advantage of this rare opportunity to own a brand-new duplex just minutes from Downtown Waco, The Magnolia Silos, Baylor Stadium, and the Brazos River! Each side of this modern duplex offers 3 bedrooms, 2 bathrooms, and 1,201 sqft of thoughtfully designed living space. Featuring foam insulation, stained concrete floors throughout, and an open-concept floor plan, this property combines energy efficiency, durability, and modern style. Enjoy a custom kitchen with granite countertops and beautiful cabinetry, while the bathrooms feature elegant tile bathtubs for a clean, modern touch. Outside, each unit includes a small covered patio and ample parking for up to 4 cars in the back. Whether you’re looking to house hack by living in one side and renting the other, or simply add a turnkey cash-flowing property to your portfolio, this duplex checks all the boxes. Prime location, solid construction, and strong rental potential — don’t miss this investment opportunity in the heart of Waco!
Courtesy: Graceland Real Estate
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.
Courtesy: Keller Williams Realty, Waco
254-751-7900
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.
Courtesy: Graceland Real Estate
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 deals — MLS #21090857 & MLS #21090860
Courtesy: Graceland Real Estate
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 #21090860
Courtesy: Graceland Real Estate
Excellent Duplex Investment Opportunity in Waco! Discover a well-maintained, single-story income-producing duplex offering the ideal blend of stability and potential. Each unit features 2 bedrooms and 1 bath with private entrances and functional layouts designed for tenant appeal and easy management. Unit 2913 is vacant and move-in ready—perfect for an owner-occupant or new tenant placement—while Unit 2915 is currently tenant-occupied, providing immediate rental income from day one. Situated near downtown Waco, schools, shopping, and major roadways, this property offers both strong current performance and future appreciation potential in one of Central Texas’s most promising markets. New roof installed approximately 2023 Whether you’re expanding your portfolio or stepping into your first investment, this duplex is a smart opportunity with income and upside built in. Also available as part of a larger investment package – MLS #21090860
Courtesy: EG Realty
INCREDIBLE INVESTMENT OPPORTUNITY! Stunning New Construction Duplex in Waco Opportunity Zone - Prime Location! This brand-new duplex is located in a designated Opportunity Zone, offering potential long-term tax benefits and instant cash flow. Each unit features 3 bedrooms, 2 full bathrooms, with a 1 car garage and 1,332 sq ft of thoughtfully designed living space. Interiors boast modern finishes, including LVP flooring throughout, stainless steel appliances (refrigerator, stove, microwave, dishwasher), and a spacious open-concept layout. Tenants will love the covered front patios and large utility closets with washer-dryer connections. Built for energy efficiency and low maintenance, this property includes spray foam insulation and double-pane windows, keeping utility costs down and reducing long-term maintenance for the owner. Located just minutes from Downtown Waco, Waco Drive, McLennan Community College (MCC), and with quick access to I-35, this duplex is ideally situated for commuters, students, and families alike. Low-maintenance new construction, high-demand layout and location, strong rental potential. Don't miss this chance to secure a move-in ready, income-generating property in one of Waco’s fastest-growing areas!
Courtesy: Keller Williams Realty, Waco
254-751-7900
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.
Courtesy: Top Guns Realty on Lake Conroe
936-582-1700
The property located at 2800 Stewart Dr in Waco, TX 76708 consists of 15 townhome-style multi-unit residences. Each unit is approximately 1,327 square feet (per seller) and includes 2 bedrooms and 2.5 bathrooms. Reported features include tall ceilings, granite countertops, hardwood or vinyl flooring, LED lighting, stainless steel appliances, washer and dryer connections, central air conditioning, a balcony or patio, and an attached two-car garage. The property is located near Lake Shore Drive in the Cedar Ridge area of Waco, with nearby schools such as Cedar Ridge Elementary and Brazos High School, as well as medical facilities including Providence Health Center and Baylor Scott & White Medical Center
Courtesy: Bentwood Realty
254-300-4800
Great investment opportunity in the Dean Highland neighborhood of Waco! This duplex offers two units, each with 1–2 bedrooms and 1 full bath. Perfect for those wanting an affordable option to live in one side and rent the other, or for an investor looking for steady rental income. One unique feature is there is an interior door (currently bolted) that provides the option to connect both sides, making it a great setup for close friends or family who want to be near each other while keeping their own space. With a simple layout and flexible rooms that can serve as a second bedroom, office, or extra living area, this property offers versatility in how it can be used. Just minutes from downtown, Baylor, and all that Waco has to offer, this is a practical and well-located investment with multiple possibilities.
Courtesy: Coldwell Banker Apex, REALTORS
254-776-0000
Located just minutes from Baylor University, this 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.
Courtesy: Greater Waco Realty, LLC
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.
Courtesy: Entreprendre, Llc.
254-495-4498
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. Owner has a current FHA loan, which is assumable if the owner occupies the unit. Balance 278k SELLER WILL FINANCE (Full details in TransactionDesk) Purchase Price: $1,050,000 Down Payment: 20% ($210,000) Seller Finance Amount: $840,000 Monthly Payment: $ 5,220.02 (Principal + Interest) Interest Rate: 7% fixed Amortization: 40 years Balloon: 5 years
Courtesy: Bentwood Realty
254-300-4800
9 UNIT INVESTMENT PROPERTY - 2600 Grim Ave. is a 9-unit investment property, soon to be fully leased. This is a great opportunity to cash flow a 9-unit property centrally located in Waco that has been updated over the past few years. The roof was replaced approximately 6 years ago. Insulation and exterior siding was replaced approximately 4 years ago. The exterior was painted approximately 4 years ago. As tenants have changed over, interiors have been updated. Over the last 6 years several HVAC units have also been replaced. Reach out today to schedule a showing and to request further details!
Courtesy: The McLeod Company
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 3,552 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 cash flow until August 2026? This property is fully leased at market at a gross lease of $8,500 to a single tenant. Net operating income is substantial: $82,378 per annum offering a capitalization rate of 6.59%. ~~~ 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!
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Waco is located in Texas. Waco, Texas has a population of 136,800. Waco is less family-centric than the surrounding county with 28.15% of the households containing married families with children. The county average for households married with children is 29.92%.
The median household income in Waco, Texas is $42,687. The median household income for the surrounding county is $53,723 compared to the national median of $69,021. The median age of people living in Waco is 29.1 years.
The average high temperature in July is 95.4 degrees, with an average low temperature in January of 35.3 degrees. The average rainfall is approximately 35.9 inches per year, with 0.4 inches of snow per year.
