About this home

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!

Facts and features

Schools

• Cesar Chavez Middle School

  middle · 6-8 · 0.8 mi

  2

• South Waco Elementary School

  elementary · K-5 · 1.0 mi

  1

• University High School

  high · 9-12 · 2.4 mi

  3

• Live Oak Classical School

  elementary · K-12 · 1.1 mi

• Bell's Hill Elementary School

  elementary · K-5 · 0.9 mi

  4

• Summit School Waco

  elementary · K-6 · 1.4 mi

Price history

• Sep 22, 2026 · Listed$569,900
• Feb 23, 2025 · Sold—
• Mar 4, 2024 · Sold—
• May 26, 2023 · Sold—
• Jun 24, 2022 · Listing Removed—
• May 27, 2022 · Listed$525,000
• May 31, 2019 · Sold—
• Jun 14, 2018 · Sold—

Tax history

• 2026$7,566 tax · $328,215 assessed
• 2025$7,514 tax · $333,140 assessed
• 2023$6,782 tax · $302,550 assessed
• 2022$6,901 tax · $274,150 assessed
• 2021$6,010 tax · $232,360 assessed
• 2020$6,051 tax · $227,630 assessed
• 2019$6,080 tax · $224,240 assessed
• 2018$6,179 tax · $219,660 assessed

Home value

$534,200

• Cotality$534,200
• Collateral Analytics$533,000
• Quantarium$554,089

Where it is