1 / 216-Unit Multifamily in Waco, TX
Mclennan County, TX · listed Jul 16, 2025 (469 days)
- $/unit
- $146,875
- ▲ 59% vs TX · 76th pct
- Cap rate
- 7%
- ▼ 0.4 pts vs TX median
- Gross yield
- —
- Units
- 16
- 1984
Financials
- Asking price
- $2,350,000
- Price per unit
- $146,875
- Price per sq ft
- $118
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1984
- Building size
- 19,855 sq ft
- Avg unit size
- 1,241 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 16, 2025
- Days on market
- 469 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1318
About this property
15 Unit townhome-style multi-unit investment opportunity located at 2800–(address on request), Waco, TX 76708. These modern townhomes feature spacious 2-bedroom, 2.5-bathroom floor plans, each offering approximately 1,327 square feet of living space.
Every unit includes tall ceilings, granite countertops, hardwood or vinyl flooring, LED lighting, and stainless steel appliances. Additional conveniences include in-unit washer/dryer hookups, central air conditioning, a private balcony or patio, and an attached 2-car garage.
Nestled in a peaceful setting along Lake Shore Drive and backed by a wooded greenbelt, the property provides a quiet, scenic backdrop for residents, creating strong appeal for long-term leasing.
Located in the Cedar Ridge neighborhood, these townhomes are in a primarily car-dependent area, but benefit from proximity to Cedar Ridge Elementary, Brazos High School, and major medical centers including Providence Health Center and Baylor Scott & White.
15-Unit Turnkey Townhome Complex — High-Demand Rental Market, Central Waco
Highlights
- Well-maintained 2-bedroom, 2.5-bath townhomes
- Open-concept living with private balconies and 2-car garages.
- All appliances included: refrigerator, stove, microwave, washer & dryer.
- Hardwood flooring, modern finishes, and functional design
- Quietly tucked off Lake Shore Drive with quick access to downtown Waco, parks, and amenities
- Great for long-term rental income or owner occupancy. Ideal for professionals, students, and small families in a growing area.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Waco, TXStabilized | $1.1M | $122K$122K | 7.7% |
 Waco, TXStabilized | $850K | $71K$71K | — |
 Waco, TX | $495K | $83K$83K | 9.4%gy |
 Waco, TXStabilized | $1.45M | $145K$145K | — |
 Waco, TXHigh yieldValue-add | $3.5M | $71K$71K | 9.4% |
 Waco, TXNew | $1.8M | $360K$360K | — |