214-801-7787
5506 Kingsman St, Waco, TX for Sale
Apartments - FOR SALE
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5506 Kingsman St
Waco, TX 76710


HIGHLIGHTS

  • 18-unit multifamily property across two buildings in Waco, Texas.
  • One-bedroom, one-bathroom units with functional layouts and defined living spaces.
  • Centralized site design supports operational efficiency and ease of management.
  • On-site parking and straightforward physical layout enhance tenant and management convenience.
  • Located near Baylor University, healthcare systems, and regional employment hubs.
  • Offered as part of a broader 52-unit portfolio, providing flexible acquisition strategies.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingman Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B1

APN/PARCEL ID

48-034905-013901-8

ASK ABOUT THIS PROPERTY

Kevin Weable, CCIMM&D Commercial GroupMore Info
214-801-7787

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Kevin Weable, CCIMM&D Commercial GroupMore Info
214-801-7787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.