$694,000
629 S 5th St, Waco, TX, 76706
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Triplex By Magnolia and Baylor - One minute from Magnolia, one minute from Baylor, and immediate access to all that downtown Waco has to offer sits this fully leased, beautifully updated and well-maintained triplex. In 2021 this triplex was wonderfully updated, including a new roof, all new HVAC systems, and new water heaters. The entire exterior and interior was freshly painted, including cabinetry and trim, in the renovations. Two units are downstairs while one unit is upstairs. Unit C downstairs is a 3 bedroom, 4 full bathroom unit and is fully remodeled, featuring stone countertops in the kitchen and bathrooms, modern tones, updated fixtures, stainless steel appliances, new interior door and cabinet hardware, and a cozy living room. Unit B is also on the first floor, featuring 4 bedrooms, 4 full bathrooms, bright tones, a breakfast bar, and plank flooring. Unit A is upstairs and similar to unit B it features 4 bedrooms, 4 full bathrooms, bright tones, a breakfast bar, and plank flooring. This triplex is an ultra rare opportunity to own an investment property of this quality in this location.
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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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