1501 S 29th Street, Waco, TX 76711

• 1,658 sqft

Property 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 recent capital improvements, including foundation work, new HVAC systems, new water heaters, and updated flooring, reducing near-term maintenance concerns. One unit is currently rented at $1,100 per month, with market rent projected at $1,300 per month, providing immediate income with built-in upside. Due to recent foundation work, the vacant space has just been offered for lease. 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.

Listing Status:

Active

Data Last Updated:

February 18, 2026 at 7:18AM

Listing Office:

Keller Williams Realty, Waco : 254-751-7900

Listing Agent:

Brad Harrell :

MLS ID:

21172996

Interior

• General: High Speed InternetOpen FloorplanCable TV
• Appliances: Electric Water HeaterDisposalGas RangeRefrigerator
• Flooring: Laminate
• A/C: Central AirCeiling Fan(s)Electric
• Heating: CentralNatural Gas

Exterior

• Pool: None
• Parking: DrivewayParking spaces: 4

Construction

• Roofing: Composition
• General: Brick1Slab

Location

• Originating MLS: NTR
• School District: Waco ISD
• County: McLennan

Lot

• Zoning: 197218

Utilities

• Utilities: Electricity ConnectedSewer AvailableSeparate MetersWater AvailableCable Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR