- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 12,240 SF
- Units 18
- Lot Size 0.68 Acre
- Property Tenancy Multi-Tenant
- Date Updated Mar 20, 2026
Description
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 in Waco, Texas within the Waco MSA. The property features a traditional two-story configuration with a centralized site layout, providing operational efficiency within a single location. The property is not located in a flood zone. The unit mix consists exclusively of one-bedroom, one-bath units with functional layouts including defined living and kitchen areas and a separate bedroom. This configuration supports consistent demand from workforce renters, students, and smaller households seeking attainable housing.
The property’s consolidated layout allows for clear visibility, efficient circulation, and streamlined access for both tenants and management. On-site parking and a straightforward physical design support ease of leasing, maintenance, and day-to-day operations. Located 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 multifamily portfolios offered within the Waco MSA, providing flexibility to acquire individually or scale through additional portfolio components. This structure allows investors to align acquisition size and strategy, from a single-site asset to a broader multi-asset platform within one market.
The property offers a balanced investment profile with in-place income and operational upside through rental alignment and continued demand for workforce housing. Its uniform unit mix and centralized layout support efficient management and consistent performance compared to more complex or scattered-site assets.
Highlights
- No flood zone
- On-site dumpster
- Level on-site parking
- Within a residential area
- Two-story apartment buildings with a centralized, single-site layout and surface on-site parking
- One-bedroom, one-bath units with functional layouts, including separate living areas, bedrooms, and full kitchens
- On-site laundry facility area
- On-site storage building containing individually locked storage
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Contacts
M&D Real Estate
Location
Located at 5506 Kingsman Dr, Waco, TX 76710, this property is part of the Richland Hills neighborhood.
M&D Real Estate