MULTIFAMILYRADAR
6-Unit Multifamily in Waco, TX, photo 1
$495,000

6-Unit Multifamily in Waco, TX

TX · listed Mar 17, 2026 (225 days)

Price per unit compared
This property$83K
Within ~40 mi (63)$79K
Texas median (1,196)$92K
$/unit
$82,500
▼ 10% vs TX · 42nd pct
Cap rate
—
 
NOI
$32K
$5,292/unit/yr
Units
6
3 bldg · 1939

Financials

Asking price
$495,000
Price per unit
$82,500
Price per sq ft
$166
Gross rent / year
$46,561
Net operating income
$31,752
NOI per unit
$5,292
Cap rate
Not stated
Gross yield
9.4%gross rent ÷ price
Occupancy
83%

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
Not stated
Buildings
3
Year built
1939
Building size
2,978 sq ft
Avg unit size
496 sq ft
Lot size
Not stated
Condition
Not stated

Deal terms

Owner financing
Not stated

Listing

Listed
Mar 17, 2026
Days on market
225 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2145

About this property

Prime investment opportunity in Waco! This multi-unit property at 1517–(address on request) 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!

Location

Approximate area. The exact address is shared on request.

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