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1521 Barnard Street

Waco, TX 76701

$495,000

6 units · 1939

Units6
Building area2,978 sq ft
Year built1939
Gross income$46,561.26/yr
Cap rate6.41% as listed
Parking6 spaces
Lot size0.367 acres
TypeResidential Income

What it costs to own

Taxes$2,849 per year
HOANone listed
Operating expenses$14,752 per year — as listed
Insurance$4,800 per year — as listed
Net operating income$31,752 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Prime investment opportunity in Waco! This multi-unit property at 1517–1529 Barnard St offers strong income potential in a rapidly growing area just minutes from Baylor University and downtown.

Featuring multiple units across the property, this asset is ideal for investors seeking steady rental income with the benefit of proximity to one of Waco’s most in-demand rental corridors. The location appeals to students, professionals, and long-term tenants alike, helping support consistent occupancy.

Convenient access to major roads, shopping, dining, and entertainment enhances the property’s desirability, while the surrounding growth and development continue to drive long-term value. Whether you’re expanding your portfolio or looking for a centrally located income-producing property, this is an opportunity you don’t want to miss.

Schedule your showing today to explore the potential of this Waco investment!

The details

HeatingOther
CoolingWindow Unit(s)
FlooringHardwood
AppliancesElectric Oven, Electric Range
Interior featuresNatural Woodwork

Construction materialsStucco
RoofComposition
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer

SubdivisionFarm

ElementaryWest Avenue
Middle schoolCesar Chavez
High schoolUniversity
DistrictWaco ISD

Gross income$46,561.26 per year
Operating expenses$14,752 per year
Insurance$4,800 per year
Cap rate6.41% — as listed
Net operating income$31,752 per year

MLS #21210604
Source
On the marketListed today
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryCare Net · 0.6 mi
Nearest parkSeley Park · 0.5 mi

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Listing courtesy of Kelly, Realtors — Nicholas Rivas.

Where it is

Open in Google Maps

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21210604. Information last updated March 18, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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