
$893,000
NAL Estimated Property Value2114 S 11th St, Waco, TX, 76706
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About this property
Just minutes from Baylor University, this impressive 5-bedroom, 5.5-bathroom home spans over 4,037 sq. ft. and is thoughtfully designed for comfort, functionality, and long-term rental appeal. Currently leased to Baylor students for the 2025-2026 school year, it offers immediate income security for investors and peace of mind for parents. Inside, the home features a spacious loft perfect for studying or gathering, generously sized bedrooms each with private bath access, and an oversized downstairs suite that can easily accommodate two full-size beds—creating the option for a sixth tenant. The gorgeous kitchen is equipped with stainless steel appliances, abundant counter space, and modern cabinetry, while durable concrete and laminate flooring enhance the shared living spaces for easy care. Bedrooms are carpeted for comfort, giving each resident a cozy retreat. Affectionately nicknamed “The Estate” by its tenants, this home showcases modern finishes throughout and multiple living areas that strike the perfect balance between private retreats and inviting shared spaces. Outside, the property offers six designated parking spaces in a private, oversized driveway, along with a quaint front porch and private back patio for outdoor enjoyment. The lot is fully fenced on the sides and back, adding both privacy and security. With proven rental history, excellent amenities tailored to student living, and a prime location near campus, this property stands out as a rare turnkey investment opportunity in the heart of Waco.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Waco
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