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: Coldwell Banker Apex, REALTORS
254-776-0000
Prime Location. Proven Income. Expansion Potential. Exceptional investment opportunity near Baylor University! This fully furnished, income producing property is currently leased at $1,000 per bedroom, with tenants sharing utilities creating strong and consistent cash flow from day one. The main home offers 4 spacious bedrooms, each with a private ensuite bath, plus a convenient half bath for guests. A separate 1 bed, 1 bath casita provides additional rental income potential or flexibility for short term leasing. Each bedroom comes fully furnished with a full size bed, nightstand, desk, and custom closet organizers, making it turnkey and highly attractive to student renters. The kitchen features high end finishes including granite countertops, stainless steel appliances, bar stools, and all appliances convey including refrigerator, washer, and dryer. Built for efficiency and durability, the home includes foam insulation and 2x6 exterior wall construction, enhancing energy performance and long-term value. Additional features include a Ring security system, sprinkler system, and 5 dedicated parking spaces. The property is fully fenced for privacy and security, featuring a beautiful iron gate with keypad entry, offering both curb appeal and controlled access. Situated on a generous 0.55 acre lot, zoned R-1B (short-term rental eligible), this property offers rare expansion potential ample space to duplicate the existing structure and potentially double income. Whether you’re looking to house hack, expand your rental portfolio, or capitalize on the thriving Baylor market, this is a strategic investment opportunity you don’t want to miss.
Courtesy: Keller Williams Realty, Waco
254-751-7900
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.
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.
Courtesy: AG Real Estate & Associates
Baylor Duplex within walking distance of campus! Two 2-bed, 2-bath units, 4 beds and 4 full baths total. Turn-key and partially furnished it desired. Eligible for both short-term or long-term rental, or a hybrid of both. Your student can live in one unit while you Airbnb the other. Completely remodeled, gorgeous finish-out. Huge backyard with alley access. Currently leased for $3600 per month total. Inquire for more information and schedule your private showing today!
Courtesy: Bentwood Realty
254-300-4800
Duplex offering two 1-bedroom, 1-bath units—ideal for an investor or an owner-occupant wanting to live in one side and rent the other. Both units are currently vacant, giving you flexibility to occupy or lease. Live in one, rent the other, or lease both. Schedule your showing today. Information is believed to be accurate but should be verified by buyer, including square footage and schools.
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: 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 deal MLS: 21191915
Courtesy: Graceland Real Estate
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
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: 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. 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
Courtesy: Classic Realty
Rare opportunity to acquire five townhomes within the same complex. These units present a value add opportunity for multifamily investors. Three units are 3 bed 2 bath, each 1,520 SF. Two units are 1 bed 1 bath, each encompassing 738 SF. These units stay occupied and tenant pays all utilities. All units have a new roof as of July 2025. Four units are in long term leases and one unit is MTM. These townhomes are within close proximity to I-35, TSTC Technical College and Downtown Waco. Please ask listing agent for rent roll and financials.
Courtesy: Harrell Realty Company
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.
Courtesy: Harrell Realty Company
Check out this multi-building, multi-unit property on Ethel Avenue. This could be a great cashflow type asset or a redevelopment piece. Currently, this property consists of seven (7) 1BR / 1BA units that range in square footage from 504 SF - 690 SF. One (1) 2BR / 1BA unit, 1,152 SF and one (1) 4BR / 2BA unit, 1,632 SF. This property can be sold as a one-off or grouped with other properties as an investment package. For further details, please ask.
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.
