1501 29th, Waco, Texas

Description

Located at 1501 South 29th Street, Units A & B in Waco, Texas, this two-unit duplex presents a compelling investment opportunity with upside in rental income. Each unit offers approximately 829 SF, making the property well-suited for long-term tenants or potential repositioning.

The property has seen significant recent capital improvements, greatly reducing near-term maintenance concerns. Updates include foundation work completed in 2025, new HVAC systems, new water heaters, and updated flooring. Most recently, in April 2026, both the roof and gutters were replaced. The most recent rented unit was rented out for $1,300 per month — providing immediate income with built-in upside.

Zoned C-2: Commercial (Beverly Hills), the property offers additional flexibility for future use or redevelopment. Its location near a heavy retail corridor and adjacent to South Waco Park enhances tenant appeal and long-term value.

Financials are available upon request. Offered at an asking price of $259,900, with 2025 taxes of $2,567.58, this property represents an attractive option for investors seeking a stabilized asset with value-add potential in a growing Waco submarket.

Directions: Heading East on Valley Mills Dr., turn Left onto Park Ave. Turn Right onto S 29th St. Property will be on your right.