1400 Park Ave. — Sale in Waco, TX

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Waco, TX 76706
  • Size: 8,500 SF
  • Year built: 1983

Investment Figures

Price per square foot
$171
Price per unit
$145,000 across 10 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prime Multifamily Investment Opportunity Near Baylor University Presenting a turnkey 10-unit townhome complex strategically positioned in one of Waco's most sought-after submarkets. The Dayton Townhomes offer investors an exceptional opportunity to acquire a stabilized multifamily asset with strong fundamentals and significant upside potential. This property's proximity to Baylor University and direct access to IH-35 (133,500+ vehicles per day) create consistent demand from students, young professionals, and families seeking quality housing in Central Waco. Ten spacious 2-bedroom, 2-bathroom units at 850 SF each provide an attractive living experience that commands strong rental rates in the market. The townhome-style configuration offers residents a residential feel with low-maintenance benefits. The property features 8,500 SF of total improvements situated on a 7,650 SF lot with R-3C (Multiple Family Residence) zoning. Built in 1983, the property presents opportunities for value enhancement through strategic renovations and operational improvements that can drive rental growth and increase NOI. The property benefits from excellent connectivity to IH-35 and sits in a retail corridor featuring established national tenants including Fuego, Jake's, Schlotzsky's Deli, and other neighborhood amenities along Speight Avenue (4,500+ VPD). Financials available upon request. Building SF: 8500 | Year Built: 1983 | Listing Type: FOR SALE

Market Context

This multifamily in Waco, TX is listed for sale at $1,450,000 across 8,500 SF. The building dates to 1983. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Waco, TX — view the full market.

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