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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 significant recent capital improvements, greatly reducing near-term maintenance concerns. Updates include foundation work completed in 2025, new HVAC systems, new water heaters, and updated flooring. Most recently, in April 2026, both the roof and gutters were replaced. The most recent rented unit was rented out for $1,300 per month - providing immediate income with built-in upside. 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.
Full Property Details
Full Property Details for 1501 S 29th St
General
- Status: Closed
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21172996
- Added to Site: 211 day(s) ago
Interior
- Interior Features: High Speed Internet, Open Floorplan, Cable TV
- Appliances: Electric Water Heater, Disposal, Gas Range, Refrigerator
- Flooring: Laminate
Parking
- Total Spaces: 4
- Parking Features: Driveway
Location
- County: McLennan
- Subdivision: Wheeler
- Driving Directions: Heading East on Valley Mills Dr., turn Left onto Park Ave. Turn Right onto S 29th St. Property will be on your right.
School Information
- Elem School District: Waco ISD
- Midd School District: Waco ISD
- High School District: Waco ISD
- Elementary School: Bell's Hill
- Middle School: Cesar Chavez
- High School: University
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,658
- Sq. Ft. Source: Public Records
- Living Area: 1,658 Sq. Ft.
- Year Built: 1985
Lot Features
- Lot Size (Acres): 0.172
- Lot Size (Sq. Ft.): 7,492.32
Disclosures and Reports
- Property ID: 197218
Listed by Keller Williams Realty, Waco, Brad Harrell
Sold by EG Realty, Anel Perales
Listing agent
— 1501 S 29th St —
Brad Harrell
Keller Williams Realty, Waco
254-870-0050
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1501 S 29th St
School District:Waco Independent School District
| Name | Grades | Distance |
|---|---|---|
Bell's Hill Elementary School 2100 Ross Avenue, Waco, TX 76706 | PK-5 | 0.8 mi |
Cesar Chavez Middle School, Waco, TX 700 South 15th Street, Waco, TX 76706 | 6-8 | 1.2 mi |
University High School 3201 South New Road, Waco, TX 76706 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
1501 S 29th Street, Waco, TX 76711 (MLS# 21172996) is a Multi-Family property that was sold on August 10, 2026. Want to learn more about 1501 S 29th Street? Do you have questions about finding other Multi-Family real estate for sale in Waco? You can browse all Waco real estate or contact a Coldwell Banker agent to request more information.