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Stewart 2800 Stewart Dr 16 Unit Apartment Building $2,900,000 ($181,250/Unit) Waco, TX 76708
Investment Highlights
- Well-maintained 2-bedroom, 2.5-bath townhomes
- All appliances included: refrigerator, stove, microwave, washer & dryer.
- Quietly tucked off Lake Shore Drive with quick access to downtown Waco, parks, and amenities.
- Open-concept living with private balconies and 2-car garages.
- Hardwood flooring, modern finishes, and functional design
- Great for long-term rental income or owner occupancy. Ideal for professionals, students, and small families in a growing area.
Executive Summary
Stewart Townhomes at 2800–2912 Stewart Dr, Waco, TX 76708, offer spacious 2-bedroom, 2.5-bath layouts (~1,327sqft) featuring tall ceilings, sleek granite countertops, and modern finishes including hardwood or vinyl flooring, stainless steel appliances, and LED lighting. Each unit includes in-unit washer/dryer hookups, a private balcony or patio, central air conditioning, and an attached 2-car garage—perfect for both comfort and convenience . The homes are nestled in a serene setting along Lake Shore Drive, backed by a wooded greenbelt with mature trees, offering a quiet, picturesque retreat for residents.
Located in the Cedar Ridge neighborhood, these multi-unit townhomes enjoy a car-dependent but peaceful suburb feel, with a Walk Score of only 6, meaning most errands will require driving They’re close to schools like Cedar Ridge Elementary, Brazos High, and local medical centers such as Providence Health Center and Baylor Scott & White
Located in the Cedar Ridge neighborhood, these multi-unit townhomes enjoy a car-dependent but peaceful suburb feel, with a Walk Score of only 6, meaning most errands will require driving They’re close to schools like Cedar Ridge Elementary, Brazos High, and local medical centers such as Providence Health Center and Baylor Scott & White
Property Facts
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $181,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.27 AC |
| No. Units | 16 | Building Size | 26,948 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Zoning | R1B | ||
| Price | $2,900,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 5.27 AC |
| Building Size | 26,948 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | R1B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 16 | - | 1,327 |
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 48-010505-000101-6 | Improvements Assessment | $1,390,434 |
| Land Assessment | $351,246 | Total Assessment | $1,741,680 |
Property Taxes
Parcel Number
48-010505-000101-6
Land Assessment
$351,246
Improvements Assessment
$1,390,434
Total Assessment
$1,741,680
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