Kingman Terrace 5506 Kingsman St 18 Unit Apartment Building For Sale Waco, TX 76710

Acquire One Portfolio (Kingsman) or Scale Within a 52-Unit Multifamily Offering Across the Waco MSA The Kingsman Portfolio consists of an 18-unit apartment community across two buildings located in Waco, Texas within the Waco Metropolitan Statistical Area. The property features a traditional two-story apartment configuration with a centralized site layout, providing operational efficiency and ease of management within a single location. The property consists of one-bedroom, one-bath units with efficient layouts. Each unit features a functional layout with defined living and kitchen areas and a separate bedroom, supporting consistent tenant demand from workforce renters, students, and smaller households seeking attainable housing options. The property’s consolidated configuration allows for clear site visibility, efficient circulation, and streamlined access for both tenants and management. The property is not in a flood zone. On-site parking and the straightforward physical layout further support ease of leasing, maintenance, and day-to-day operations. Positioned within the Waco market, the asset benefits from strong regional rental demand driven by population growth, workforce housing needs, and proximity to major employment centers including Baylor University, area healthcare systems, and regional commercial corridors. The Kingsman Portfolio is one of three distinct multifamily portfolios being offered within the Waco MSA, providing investors the flexibility to acquire this asset individually or pursue additional scale through the acquisition of additional portfolio components within the broader offering. This structure allows buyers to align acquisition size, asset type, and investment strategy—ranging from a single, efficient apartment asset to a larger, multi-asset platform within one regional market. The Kingsman Portfolio presents an opportunity to acquire a well-located, income-producing asset with centralized scale, operational simplicity, and potential upside through rental alignment and continued demand for workforce housing across Central Texas.