
$509,000
NAL Estimated Property Value700 Hines Ave, Waco, TX, 76706
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Discover an exceptional blend of luxury and convenience in this impressive income-generating multifamily property, ideally situated in the vibrant heart of Waco, Texas. This remarkable residence harmoniously combines modern elegance with unparalleled proximity to Baylor University and the thriving downtown area. It truly encapsulates the essence of sophisticated urban living, offering significant potential for discerning buyers interested in a multifamily investment or a peaceful personal retreat. Each unit within the property showcases a contemporary design that emphasizes refined comfort. The thoughtfully designed semi-open concept layout enhances the spaciousness of the living areas, seamlessly transitioning into exquisite kitchens equipped with high-end finishes. The newly installed flooring throughout the property adds an element of sophistication, providing a pristine surface that reflects ample natural light. The kitchens are designed with culinary excellence in mind, featuring sleek granite countertops. Every detail and finish within this multifamily residence has been meticulously selected to ensure an environment of tranquility and style, instilling confidence in the property's quality. The exterior of the residence complements the interior's chic aesthetics with its understated elegance. Situated in one of Waco's most vibrant neighborhoods, future owners will benefit from exceptional access to the city's cultural and historical landmarks, fostering a lifestyle that is both dynamic and rich in heritage. The strategic location of this property is a significant advantage, as it is conveniently located just minutes from both Baylor University and the energetic downtown district. Residents who appreciate fine dining, shopping, and entertainment will find a diverse array of options within close proximity. Whether seeking a valuable investment opportunity or wishing to enjoy the offerings of downtown, this property serves as an ideal gateway to all that
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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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