Courtesy: Graceland Real Estate
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.
Courtesy: Paramount Realty & Management
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.
Courtesy: eXp Realty, LLC Waco
Welcome to Hawthorne Homestead—a thoughtfully renovated collection of four private residences offering a fresh perspective on multifamily living in Waco. Affectionately named by the sellers for its potential as an investment opportunity with the concept and vision of community living – Renovated Quadplex Near Downtown Waco! Don't miss this exceptional opportunity to own a beautifully renovated 4-unit multifamily property in one of Waco's most desirable investment locations. Situated just 12 minutes from Magnolia Market at the Silos and Downtown Waco and only 13 minutes from Baylor University. The property features 4 units with a total of 6 bedrooms and 4 bathrooms, including: Two 2-bedroom, 1-bath units; Two 1-bedroom, 1-bath units. Each unit has been thoughtfully updated, appliances included and low-maintenance living for both owners and tenants. The backyard features a large lot space, perfect for community living. Create an environment your tenants would want to enjoy long term. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this quadplex offers outstanding flexibility and income potential. With its convenient location near Waco's top attractions, shopping, dining, and major employers, this is an investment opportunity you won't want to miss. Being sold as-is, financing preference cash or conventional. Schedule your private showing today!
Courtesy: JA Group Companies
254-776-1296
Courtesy: Arise Capital Real Estate
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!
Courtesy: Bentwood Realty
254-300-4800
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.
Courtesy: NextHome Our Town
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.
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 3,518 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!
Courtesy: Premier, REALTORS
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!
Courtesy: CIF Real Estate Services, Inc.
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.
Courtesy: Dagwood Management, Llc
512-955-3044
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.
Courtesy: Coldwell Banker Apex, REALTORS
254-776-0000
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!
Courtesy: Magnolia Realty
254-218-5940
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.
Courtesy: EG Realty
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.
Courtesy: Greater Waco Realty, LLC
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).
Courtesy: Agents Of Texas, LLC
817-501-2996
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!
Courtesy: Bramlett Partners
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.
Courtesy: Bentwood Realty
254-300-4800
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.
Courtesy: Kelly, Realtors
254-741-1500
Courtesy: Kelly, Realtors
254-741-1500
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!
Courtesy: Kelly, Realtors
254-741-1500
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!
Courtesy: Magnolia Realty
254-218-5940
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.
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: Bridge Realty
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!
Courtesy: Brothers Management
8 Units located in a 2-Story 1 Building Apartment Property. Unique property located in residential neighborhood that is in proximity to Baylor University. 2 Efficiency Units, 2 - 1 BR Units & 4 - 2 BR Units. Nice large parking area in rear of building. Units have varying lease rates that range from $495 to $900 per unit per month. Units are leased till either 5-2026, 7-2026 or 7-2027. Leases & appliances convey with sale of property. All information assumed to be correct & subject to verification by any applicable party.
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.
