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1501 S 29th Street

Waco, Texas 76711
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$249,900 $1,053/Mo
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Bed 0

Bed

Bath 0

Bath

SqFt1,658

Sqft

Acres0.17

Acre(Lot)

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 redeve lopment. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $249,900

AD Id : 75099915

MLS Id : 550963557

Lot Size : 0.17 Acre

Living Area Size : 1,658

Year Built : 1985

County : McLennan

Subdivision: Richmond Cove

  • Map Map

Map

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Feature Features

  • Bathroom Information

    Total Baths: 0

  • Interior Features

    Cable TV Available,High Speed Internet Available,Open Floorplan

    Appliances

    Disposal,Electric Water Heater,Gas Range,Refrigerator

    Utilities

    Cable Available,City Sewer,City Water,Electricity Connected,Individual Water Meter

  • Cooling Features

    Ceiling Fan(s),Central Air,Electric

    Heating Source

    Central,Natural Gas

  • Building Information

    Built Year: 1985 Building Area Total: 1,658 Construction: Brick Roof Type: Composition

  • Foundation

    Slab

  • Construction Materials

    Brick

  • Lot Information

    Lot Size (Acr): 0.1720 Lot Size Units: Acres Lot Size Square Feet: 7,492

  • Property Information

    SQ ft (Living Area): 1,658 Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: Wheeler City: Waco State: Texas Directions: Heading East on Valley Mills Dr., turn Left onto Park Ave. Turn Right onto S 29th St. Property will be on your right. Property Status: Active Levels: One Property Age: 41 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $249,900 List Price Tot SqFt: $151

  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 197218

  • Parking Information

    Parking: 4 Parking Features: Driveway

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Bell's Hill Middle School: Cesar Chavez High School: University School District: Waco ISD

  • Utility Information

    Utilities: Cable Available,City Sewer,City Water,Electricity Connected,Individual Water Meter
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1312 S 30th Street, Waco, TX, 76711 $245,000 -- -- --

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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 07/18/2026 @ 08:20

MLS: 550963557 LISTED BY: Brad Harrell, Keller Williams Realty, Waco 254-751-7900 SOURCE: NTREIS - North Texas Real Estate Information

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