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Waco Baylor University Student Housing Duplex – $1.3M

1219 Wood Ave, Waco
ROI
14.10% IRR
Strategy
Long Term Rental
Asking price is $1.4M. I’d start with an offer at $1.2M. Each side is a 5 bedroom unit located just 1/2 mile from Baylor University for exceptional student housing demand. Both sides are already leased through July 2026 at $4,500 per side bringing in $9,000 per month. Professional management is already in place and can stay on for a seamless transition. This will likely trade between $1.2M and $1.3M and offers strong cashflow with multi-year lease security in a high demand rental pocket. Excellent owner-manager candidate. Taxes $13,855.

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Waco Baylor University Student Housing Duplex – $1.3M

Listed 11/03/2025

1219 Wood Ave, Waco

Purchase Price:$1,250,000

Cash Outlay:$337,500

Cashflow:$821/mo

Cap Rate:6.18%

IRR:14.10%

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