Prime investment opportunity within walking distance of Baylor University! This updated duplex features two separate 2-bedroom, 2-bath units for a total of 4 bedrooms and 4 full bathrooms. Currently leased for a combined $3,600 per month, the property offers immediate rental income along with plenty of flexibility for the next owner.
Both units feature bright, open living spaces, updated kitchens and bathrooms, in-unit laundry, and thoughtfully designed layouts that feel more like home than your typical student rental. Outside, you'll find a large fenced backyard, ample parking, alley access, and an upstairs balcony.
With eligibility for both short-term and long-term rentals, there are multiple ways to make this property work for you. Continue leasing both units, utilize one or both as short-term rentals, or purchase for your Baylor student to live in one side while generating income from the other. The property can also be sold partially furnished for an even easier transition.
Updated, income-producing, STR eligible, and conveniently located near Baylor, this duplex is ready for its next investor. Schedule your private showing today!
| Listing Id: | 21393402 |
|---|---|
| List Price: | $569,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 2 |
| Bathrooms Full: | 2 |
| Unexempt Taxes: | $7,490 |
| Lot Size Square Feet: | 8,232.8400 |
| Lot Size Acres: | 0.189 |
| Waterfront?: | No |
| City: | Waco |
| County Or Parish: | Mclennan |
| Subdivision Name: | Kyger |
| Postal Code: | 76706 |
| Year Built: | 2000 |
| Unit Count: | 2 |
| Accessibility Features Yn: | No |
| Appliances: | Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 2.00 |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Assessor |
| Building Area Total: | 2,136.00 |
| Complex Name: | 1301 Wood Duplex |
| Construction Materials: | Brick, Siding |
| Cooling: | Central Air, Electric, Other |
| Directions: | From I-35, take the University Parks Dr exit. Head west on University Parks Dr, turn left on S 12th St, then right on Wood Ave. Property will be on the right. |
| Elementary School: | South Waco |
| Elementary School Name: | South Waco |
| Flooring: | Luxury Vinyl Plank, Tile |
| Foundation Details: | Slab |
| Garage?: | No |
| Gross Annual Expenses: | $1,210 |
| Gross Annual Income: | $43,200 |
| Heating: | Central, Electric, Other |
| High School Name: | University |
| Insurance Expense: | $2,040 |
| Interior Features: | Cable TV Available, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry |
| Levels: | Two |
| Lot Size Area: | 0.1890 |
| Lot Size Units: | Acres |
| Middle School Name: | Cesar Chavez |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $41,990 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 4 |
| Parking Features: | Assigned, Concrete, Parking Lot |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 3137 |
| Roof: | Composition |
| School District: | Waco ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | City Sewer, City Water, Electricity Connected |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Bramlett Partners
Listing Agent: Catt Longoria
512-850-5717
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 05:55 PM - CT
Property Last Updated: October 08, 2026 05:55 PM - CT
