10-Unit Multifamily Investment 1400 Park Ave 10 Unit Apartment Building $1,450,000 ($145,000/Unit) Waco, TX 76706

Located at 1400 Park Avenue in Waco, Texas, the Dayton Townhomes present a compelling multifamily investment opportunity in one of Waco's most consistently in-demand rental submarkets. This 10-unit townhome condo complex sits squarely within the Baylor University multi-family bubble, the tightly held residential corridor that benefits from perpetual student, faculty, and young professional demand, just steps from IH-35, which sees over 133,500 vehicles per day. For investors seeking a stabilized asset in a location that essentially leases itself, this property delivers.
Each of the ten condo units offers 850 SF of loft-style living with 2 bedrooms and 2 bathrooms. One of the bedrooms is situated upstairs, accessible via a spiral staircase, creating a distinctive and desirable layout that stands apart from conventional apartment products in the market, especially for college students. Units feature an open, spacious floor plan, stackable washer-and-dryer connections in each unit, a private, fenced back patio, and dedicated private parking. These amenities consistently attract quality, long-term tenants and support strong rental rates.
The property totals 8,500 SF of improvements on a 7,650 SF lot, zoned R-3C (Multiple Family Residence) and built in 1983.The surrounding area reinforces the property's appeal. Established neighborhood amenities include Fuego Tortilla Grill, Jake's, Schlotzsky's Deli, Insomnia Cookies, and more, all within walking distance of the property. The location along the J.H. Kultgen Expressway frontage road provides immediate IH-35 access, making commuting effortless for tenants working throughout the greater Waco area.
This property represents an attractive entry point into Waco's most durable multifamily submarket. Financials are available upon request.
For more information on this and our other available listings, please call our office at 254.870.0050 or visit us online at OnwardCRE.com today!