
6-Unit Multifamily in Waco, TX
TX · listed Mar 17, 2026 (225 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Waco, TXStabilized | $1.1M | $122K$122K | 7.7% |
Stabilized | $850K | $71K$71K | — |
Stabilized | $1.45M | $145K$145K | — |
Waco, TXNew | $1.8M | $360K$360K | — |
Waco, TXStabilized | $2.35M | $147K$147K | 7% |
Waco, TXStabilized | $750K | $94K$94K | 9.4%gy |



