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923 Reynolds St, Waco, TX
$159,000
4 Beds ⋅ 2 Baths ⋅ 21418090 MLS
INVESTMENT OPPORTUNITY IN THE HEART OF WACO! Calling all investors and house hackers! Don’t miss your chance to own this income-producing duplex conveniently located in the heart of Waco! Whether you’re looking to expand your rental portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Unit A is currently leased for $1,100 per month, providing immediate rental income, while Unit B is vacant and ready for a new tenant or owner-occupant. With two separate units, this property offers flexibility and multiple opportunities to maximize your investment. Conveniently situated near shopping, dining, schools, and major roadways, this duplex is positioned in an accessible Waco location.

923 Reynolds St, Waco, TX

2108 Lyle Ave, Waco, TX
$229,900
3 Beds ⋅ 2 Baths ⋅ 21416989 MLS
ATTENTION INVESTORS, HOUSE HACKERS, FIRST TIME BUYERS & ANYONE LOOKING TO MAKE A WISE HOME PURCHASE IN 2026! 2108 Lyle Avenue is the perfect way to start or add to your real estate investing journey. Beginning with a vision and dream of the current owner herself, this 1948 traditional style home was transformed into a two unit investment property that features a cozy 2-bed 1-bath owner's unit in the back and a 1-bed 1-bath rental unit in the front that was leased at $1080 per month for the past 18 months. Each unit has private parking and entrance. Front unit has a spacious living room, eat-in kitchen, large bedroom, full bathroom and large storage closet. The back unit features a large open concept living room, eat in kitchen with bar seating, laundry, ample counter space and cabinets, & small pantry closet - all the essentials for your day at your fingertips. The back unit includes a master suite with full bathroom plus a guest bedroom. This property offers great options to either live in one unit and rent the other, or rent out both units. And if that's not enough for you, the detached garage has been partially converted to a guesthouse (including bathroom and kitchen plumbing) that with some finishing touches could serve as an additional rental unit or hangout space. So many possibilities here and both existing units are move-in ready! Located in the heart of Waco within a short drive of many restaurants, shops, schools and other local amenities, 2108 Lyle Avenue could hold the key to building that real estate portfolio you've been dreaming of!

2108 Lyle Ave, Waco, TX

2316 Mckenzie Ave Unit 18, Waco, TX
$199,900
4 Beds ⋅ 2 Baths ⋅ 21414361 MLS
Investment Opportunity – Income-Producing Duplex! Excellent opportunity to add an income-producing property to your investment portfolio! This duplex features two separate units, each offering 2 bedrooms, 1 bathroom, and a functional floor plan designed for comfortable everyday living. Both units feature granite countertops, a combination of luxury vinyl plank flooring and carpet, central air conditioning, and individual laundry hookups for added convenience. Each unit also offers its own private entrance and dedicated parking space. With active leases already in place, this property presents an attractive opportunity for investors seeking an established rental property with immediate income potential. It is also available as part of a larger investment portfolio with MLS 21409129 and MLS 21409264.

2316 Mckenzie Ave Unit 18, Waco, TX

1716 Ethel Ave Unit 1714, 1718, 1720, Waco, TX
$410,000
4 Beds ⋅ 4 Baths ⋅ 21400887 MLS
Investment opportunity in Waco! 1716 Ethel Avenue is a four-unit property offered as part of a multi-property investment portfolio. The property consists of two buildings: a front triplex comprising 1716, 1718, and 1720 Ethel Avenue, plus a detached cottage at 1714 Ethel Avenue. All four residences feature 1-bedroom, 1-bath floor plans, providing a desirable and efficient rental configuration. All four units are currently tenant occupied, providing established rental income. The property has benefited from extensive improvements and offers a stabilized investment opportunity with tenants in place. This property is being offered in conjunction with 1702 Ethel Avenue and 1704 Ethel Avenue as part of a larger 9-unit investment portfolio. Contact your real estate professional for additional information regarding the portfolio, leases, financials, and availability. Please do not disturb tenants.

1716 Ethel Ave Unit 1714, 1718, 1720, Waco, TX

1704 Ethel Ave Unit B, Waco, TX
$225,000
2 Beds ⋅ 2 Baths ⋅ 21400843 MLS
Investment opportunity in Waco! 1704 Ethel Avenue is a fully renovated duplex offered as part of a multi-property investment portfolio. The property consists of two 1-bedroom, 1-bath units, with one located upstairs and one downstairs. Units A and B feature similar floor plans and have undergone extensive interior renovations, including mini-split systems for heating and cooling. Both units are stabilized with tenants currently in place, offering immediate rental income for the new owner. This property is being offered in conjunction with 1702 Ethel Avenue and 1716 Ethel Avenue as part of a larger 9-unit investment portfolio. Contact your real estate professional for additional information regarding the portfolio, leases, financials, and availability. Please do not disturb tenants.

1704 Ethel Ave Unit B, Waco, TX

1702 Ethel Ave, Waco, TX
$465,000
7 Beds ⋅ 4 Baths ⋅ 21400787 MLS
Investment opportunity in Waco! 1702 Ethel Avenue is a fully renovated triplex offered as part of a multi-property investment portfolio. The property consists of three residential units: a spacious 4-bedroom, 1-bath lower unit in the main residence, a 2-bedroom, 2-bath upper unit, and a detached 1-bedroom, 1-bath cottage located at the rear of the property. All three units have undergone extensive renovations and feature mini-split systems for heating and cooling. The property offers ample off-street parking and separate water, gas, and electric meters for each unit, providing an attractive setup for investment ownership and property management. Additional properties available as part of the portfolio include 1704 Ethel Avenue and 1716 Ethel Avenue. Contact your real estate professional for additional information regarding the portfolio offering, financials, leases, and availability. Please do not disturb tenants.

1702 Ethel Ave, Waco, TX

1916 S 15th St Unit A & B, Waco, TX
$575,000
8 Beds ⋅ 8 Baths ⋅ 21392949 MLS
Two sides, eight bedrooms, eight baths — one smart investment. This Waco duplex sits in the Baylor Bubble and offers approximately 3,506 total square feet across two 1,753-square-foot units, each with 4 bedrooms and 4 full baths—one bedroom and bath downstairs, three up—for privacy without sacrificing shared living space. Each unit also has its own living area, dining space, kitchen, and laundry. Side A (shown in photos) features neutral wood-look vinyl-plank flooring, abundant natural light, ceiling fans, and a well-equipped kitchen with ample cabinetry and counter space, a dishwasher, microwave, range, and refrigerator. Upstairs bedrooms offer good closet storage. Painted brick, off-street concrete parking, and a fenced backyard round out the exterior. Built in 2002 and close to Baylor University, 1916 S 15th St pairs eight bedrooms and eight full baths across two identical 4-bed,4-bath floor plans, each a fully self-contained unit.

1916 S 15th St Unit A & B, Waco, TX

1301 Wood Ave Unit A & B, Waco, TX
$569,900
2 Beds ⋅ 2 Baths ⋅ 21393402 MLS
Prime investment opportunity within walking distance of Baylor University! This updated duplex features two separate 2-bedroom, 2-bath units for a total of 4 bedrooms and 4 full bathrooms. Currently leased for a combined $3,600 per month, the property offers immediate rental income along with plenty of flexibility for the next owner. Both units feature bright, open living spaces, updated kitchens and bathrooms, in-unit laundry, and thoughtfully designed layouts that feel more like home than your typical student rental. Outside, you'll find a large fenced backyard, ample parking, alley access, and an upstairs balcony. With eligibility for both short-term and long-term rentals, there are multiple ways to make this property work for you. Continue leasing both units, utilize one or both as short-term rentals, or purchase for your Baylor student to live in one side while generating income from the other. The property can also be sold partially furnished for an even easier transition. Updated, income-producing, STR eligible, and conveniently located near Baylor, this duplex is ready for its next investor. Schedule your private showing today!

1301 Wood Ave Unit A & B, Waco, TX

1215 Kellum St, Waco, TX
$399,900
4 Beds ⋅ 4 Baths ⋅ 21389747 MLS
Welcome to this beautiful newer-construction duplex in Waco, TX! Each side features 2 bedrooms, 2 bathrooms, and 1,218 square feet of thoughtfully designed living space. Both units offer an open-concept floor plan with vinyl flooring throughout, creating a clean and modern feel. The primary suites feature spacious bathrooms with dual vanities and walk-in closets with open shelving for added storage. Each unit also includes its own private balcony, while the property offers parking for up to four vehicles. Rain gutters add an extra layer of functionality, and all appliances convey with the sale, including the washer and dryer. Located just minutes from Downtown Waco, local restaurants, and shops, this property is also only 4 minutes from Baylor University, making it an appealing location for tenants and investors alike. Whether you're looking to expand your investment portfolio or secure a well-maintained, income-producing property, this newer-construction duplex offers a fantastic opportunity in a convenient Waco location.

1215 Kellum St, Waco, TX

929 N 12th St, Waco, TX
$275,000
3 Beds ⋅ 3 Baths ⋅ 21371288 MLS
Turn-key investment opportunity in the heart of Waco! This fully furnished 3-bedroom, 3-bath home offers a flexible layout and is ready for its next owner. The remodeled interior features a stylish kitchen with custom cabinetry, stainless steel appliances, gas range, farmhouse sink, and pot filler. Two bedrooms feature private en-suite baths, making the layout especially appealing for short-term, mid-term, or long-term rental use. The spacious primary suite includes dual vanities, a walk-in shower, freestanding tub, and walk-in closet. Outside, enjoy a large backyard, spacious deck, and detached garage offering additional storage or future potential. Conveniently located near Baylor University, downtown Waco, Magnolia, shopping, dining, and major attractions. An excellent opportunity for an investor looking for a furnished, move-in or rental-ready property in a strong Waco location.Currently an income producing Airbnb.

929 N 12th St, Waco, TX

2024 Edna Ave, Waco, TX
$245,000
3 Beds ⋅ 2 Baths ⋅ 21371240 MLS
Adorable modern farmhouse style shiplap cottage being sold fully furnished and currently operating as a income producing Airbnb, making it a perfect opportunity for investors or buyers looking for a move-in ready home. This charming 3 bedroom, 2 bathroom home features an open layout with stylish finishes throughout, including beautiful shiplap walls and warm wood ceilings that create a cozy cottage feel, the kitchen offers ample cabinetry, modern appliances, and great flow into the dining and living areas, making the space both functional and inviting, plus a large walk-in utility room that comes with washer & dryer, each bedroom is spacious and thoughtfully designed, plus 2 full bathrooms. Step outside to enjoy the large backyard, perfect for relaxing, entertaining, or future outdoor additions. With its unique character, modern updates, and proven short-term rental history, this home offers both charm and income potential. Whether you're looking for a turnkey Airbnb investment, weekend getaway, or full time residence, this super cute cottage is ready to go.(Bonus: Seller also has 3 more airbnb's available, package deal optional)

2024 Edna Ave, Waco, TX

1108 N 28th St, Waco, TX
$239,900
3 Beds ⋅ 2 Baths ⋅ 21370833 MLS
Adorable, fully furnished home currently operating as an income-producing short-term rental! This charming 3-bedroom, 2-bath home features a warm and inviting layout with a spacious living area, granite countertops in the kitchen, and a cozy breakfast area. The bright enclosed sunroom offers flexible additional space—perfect for a game room, home office, or second living area. Outside, enjoy a large fenced backyard with plenty of room to relax or entertain, plus a detached garage offering excellent storage or workshop space. Whether you're looking for a move-in ready home, furnished investment property, or short-term rental opportunity, this one is ready to go! Bonus: Seller has three additional furnished Airbnb properties available and may consider a package sale.

1108 N 28th St, Waco, TX

1309 Wood Ave, Waco, TX
$679,500
8 Beds ⋅ 4 Baths ⋅ 21349239 MLS
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.

1309 Wood Ave, Waco, TX

1708 S 9th St Unit A B C, Waco, TX
$799,900
9 Beds ⋅ 6 Baths ⋅ 21350650 MLS
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.

1708 S 9th St Unit A B C, Waco, TX

1903 S 11th St, Waco, TX
$1,200,000
21320407 MLS
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!

1903 S 11th St, Waco, TX

700 Hines Ave, Waco, TX
$525,000
3 Beds ⋅ 4 Baths ⋅ 21298961 MLS
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!

700 Hines Ave, Waco, TX

1617 Cumberland Ave, Waco, TX
$389,900
6 Beds ⋅ 4 Baths ⋅ 21275412 MLS
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.

1617 Cumberland Ave, Waco, TX

602-606 S 8th St, Waco, TX
$1,349,000
6 Beds ⋅ 8 Baths ⋅ 21192983 MLS
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.

602-606 S 8th St, Waco, TX

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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