1904 S 18th Street Waco, TX 76706

Multi-Family (2-4 Units) MLS #: 227726 Courtesy Of Heart of Texas Realty

$1,125,000

6,516 sq ft
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Est. Property Tax: $21,072
Estimated monthly payments: $6,674/mo.* (recalculate)

Property InformationDescription

Two duplexes on one lot must be sold together. Current use as mid-term and short-term rentals, fully furnished, rented to guests in Waco for business or pleasure. The original use of the property was student housing. Each unit has 3 bedrooms with an attached bathroom, a common living area with a full kitchen, living area with a TV. 14 lockable storage units are located in the rear of the property. The property is zoned R-2 and allows a permit by right, STR II from the City of Waco for 2-day stays or more. Fully furnished monthly rentals do not require a city permit or hotel taxes to be paid. In 2024 the property had a mixed use of short-term and mid-term occupancy, booking $165,000. See attached NOI in supplements.

In 2023 all hot water heaters were replaced, 2024 3 AC units replaced.

Properties are professionally managed and can continue with same use or used for long term rentals as well. Just blocks from Lasalle, Baylor University, I35 and close to tourist attrations, this property has a variety of uses. Property is being sold with all of the furnishings, sheets, towels, washer, dryer, kitchen fully equiped.

Property is currently being booked using Airbnb, Vrbo platforms
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Features

  • Age: 21-30 Years Old
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Architecture Style: Other
  • Exterior Type: Brick, Brick Veneer
  • Heating System: Central Furnace
  • Roof Type: Metal

MAP & DIRECTIONS

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1904 S 18th Street, Waco, TX 76706
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School Information

1904 S 18th Street, Waco, TX 76706

Elementary School
Grades PK-5 | Public School
SOUTH WACO ELEMENTARY SCHOOL
Waco, TX 76706
2104 Gurley Ln
254.­753.6802
Distance: 0.8 mi
School Rating
F
Student:Teacher Ratio
16:1
Total Students
479
Middle School
Grades 6-8 | Public School
CESAR CHAVEZ MIDDLE SCHOOL
Waco, TX 76706
700 S 15th St
254.­750.3736
Distance: 0.8 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
931
High School
Grades 9-12 | Public School
UNIVERSITY HIGH SCHOOL
Waco, TX 76706
3201 S New Rd
254.­756.1843
Distance: 2.0 mi
School Rating
C-
Student:Teacher Ratio
15:1
Total Students
1763
Other Nearby Schools Distance Type Grades School Rating
Bell's Hill Elementary School 0.8 mi Public PK-5 C+
Harmony School Of Innovation - Waco 1.2 mi Public 6-12 C
Summit School Waco 1.4 mi Private KG-6
Waco Montessori School 1.5 mi Private PK-6
Alta Vista Elementary School 1.5 mi Public PK-5 D
Live Oak Classical School 1.5 mi Private PK-12
Kendrick Elementary School 1.8 mi Public PK-5 D-
Waco Charter School 1.8 mi Public PK-5 F
St Pauls Episcopal Day School 1.9 mi Private PK-6
G.w. Carver Middle School 2.1 mi Public 6-8 D-
West Avenue Elementary School 2.2 mi Public PK-5 D+
Provident Heights Elementary School 2.3 mi Public PK-5 C-
Quinn Campus Public Middle School 2.7 mi Public 5-8 C
Paul And Jane Meyer Public High School 2.7 mi Public 9-12 B+
Brook Avenue Elementary School 2.8 mi Public PK-5 F
J.h. Hines Elementary School 2.8 mi Public PK-5 D
G L Wiley Opportunity Center 2.8 mi Public 6-10 D-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Waco, TX 76706

Median Age: 29.7
Married: 34%
Number of Households: 15,570
Households with Children: 29.6%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Waco Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.