South Waco (Elementary School) Homes under $500,000

Welcome to South Waco, a vibrant community nestled in the heart of Waco, Texas! Known for its warm hospitality and rich cultural heritage, South Waco is an ideal place for families seeking a nurturing environment for their children. One of the standout features of this neighborhood is the highly regarded South Waco Elementary School, which serves as a cornerstone for education in the area. With a dedicated staff and a commitment to fostering a love for learning, South Waco Elementary provides a solid foundation for young minds, ensuring they are well-prepared for future academic challenges.

In addition to its educational offerings, South Waco boasts an array of charming homes, many of which are priced under $500,000. This makes it a fantastic option for first-time homebuyers and families looking to settle down in a friendly community without breaking the bank. The homes here feature a variety of architectural styles, from cozy bungalows to spacious family residences, catering to diverse tastes and preferences.

Living in South Waco means enjoying the perfect blend of suburban tranquility and urban convenience. Residents have easy access to local parks, shopping centers, and dining options, making daily life both enjoyable and convenient. With a strong sense of community and a commitment to family values, South Waco is more than just a place to live; it’s a place to thrive. Discover your dream home in South Waco today, and become part of this welcoming community!

Newest South Waco (Elementary School) Homes under $500,000

$390,000

3 Beds ⋅ 3 Baths ⋅ 21406251 MLS

Beautifully renovated from the studs up, this 3-bedroom, 3-full-bath home offers 1,374 square feet of thoughtfully redesigned living space with extensive updates inside and out. Located at 920 Hines Avenue in Waco, this move-in-ready home combines the charm of an established neighborhood with the finishes and major system improvements today's buyers are looking for. The bright, open-concept floor plan creates an inviting flow between the living, dining, and kitchen areas—perfect for both everyday living and entertaining. The completely updated kitchen features new cabinetry, granite countertops, modern fixtures, and generous workspace, while new luxury vinyl plank flooring, fresh interior paint, new windows, and updated fixtures provide a clean, cohesive look throughout. Originally a one-bath home, the floor plan has been enhanced with two additional bathrooms for a total of THREE FULL BATHROOMS—a rare and valuable feature in a home of this size. Each bathroom features new cabinetry, fixtures, and finishes. The renovation goes well beyond cosmetic updates. The home was taken down to the studs and includes new electrical wiring, a new furnace, central heating and air conditioning, and numerous additional improvements. The foundation was also completed approximately one year ago, offering added peace of mind. Situated on an approximately 0.28-acre lot, the property provides plenty of outdoor space for entertaining, pets, gardening, or creating your own backyard retreat. Conveniently located near Baylor University, downtown Waco, shopping, dining, entertainment, and major roadways. If you're looking for an extensively renovated, move-in-ready Waco home where much of the hard work has already been done, 920 Hines Avenue deserves a closer look.

920 Hines Ave, Waco

$99,000

3 Beds ⋅ 3 Baths ⋅ 21400243 MLS

2434 S 9TH STREET WACO, TEXAS 76706 IS A DIAMOND IN THE ROUGH AND READY FOR YOU TO MAKE IT SHINE! IT CAN BECOME AN INVESTMENT PROPERTY OR YOU MAY DECIDE TO USE THIS HOME FOR YOUR OWN PERSONAL USE. HOME IS BEING SOLD AS-IS SO AGENTS AND BUYERS PLEASE VERIFY ALL INFORMATION BEFORE PURCHASING. LOCATED NEAR BAYLOR UNIVERSITY AND THE FERRELL CENTER. HOME IS PRICED TO SELL!

2434 S 9th St, Waco

$115,000

2 Beds ⋅ 2 Baths ⋅ 21399952 MLS

Located near Baylor University and central Waco amenities, 1214 Baylor Ave. #205 combines modern updates with low-maintenance condo living. This updated 2-bedroom, 2-bath home features luxury vinyl plank flooring throughout, fresh interior paint, and a thoughtfully refreshed interior designed for comfort and convenience. The kitchen has been completely updated with new cabinetry, quartz countertops, and a clean modern finish, while both bathrooms feature updated cabinets that continue the cohesive design throughout the home. The functional floor plan offers dedicated living and dining space, a private primary suite with ensuite bath, and an easy flow ideal for everyday living. Located within the Casablanca community, residents enjoy gated access, maintained grounds, and access to the community pool, creating a lock-and-leave lifestyle with minimal upkeep. Conveniently positioned near Baylor University, downtown Waco dining, shopping, entertainment, and major commuter routes, this property offers flexibility as a primary residence, game day retreat, or investment opportunity.

1214 Baylor Ave Unit 205, Waco

$420,000

6 Beds ⋅ 4 Baths ⋅ 21394298 MLS

Parent and Investor Buyers!!! What a Deal! 6 bedrooms, 4 full bathrooms and 2,205 square feet of living space just down from Baylor University. The open-concept living and kitchen area built for the college life opens from the front entrance and features granite counters, a kitchen island and tile flooring throughout the main living areas. Good sized bedrooms, walk-in closets. Outside, the fully fenced backyard sits on a 0.19-acre lot, a rare amount of private outdoor space this close to campus. Lots of Plenty of parking. Major systems have been updated with new HVAC and a new water heater, and the roof is approximately 4 years old. A strong property in a high-demand location near Baylor.

221 Gurley Ln, Waco

$424,900

4 Beds ⋅ 4 Baths ⋅ 21396532 MLS

Space, character, and a convenient Waco location come together in this inviting 4-bedroom, 4-bath home near Baylor University. Currently utilized as an Airbnb, the property offers a versatile floor plan with a full bath for each bedroom—an especially appealing setup for guests, roommates, or a variety of living arrangements. Spacious living areas, abundant natural light, and charming details throughout create a warm and comfortable feel, while the pretty, established lot and mature trees provide an inviting outdoor setting. A single-car garage offers covered parking and additional storage, and the property provides ample off-street parking for multiple vehicles. Whether you’re looking for a primary residence, a property with income-producing potential, or an opportunity to continue its current short-term rental use, this home offers plenty of possibilities. Conveniently located just minutes from Baylor University, downtown Waco, shopping, dining, and many of the city’s most popular destinations, this property combines space, flexibility, parking, and a location that’s hard to beat.

2220 S 2nd St, Waco

$145,000

1 Beds ⋅ 2 Baths ⋅ 21394736 MLS

Location, location, location! This Waco apartment offers a convenient setting just approximately 3 minutes from Baylor University and 5 minutes from Downtown Waco, providing easy access to shopping, dining, entertainment, and campus activities. The open layout creates a comfortable and functional living space with everything you need for everyday living. Currently tenant-occupied, this property also presents a great investment opportunity for buyers looking to add a rental property in a convenient Waco location. Whether you’re looking for an investment or a future place to call home, this property offers plenty of potential. Schedule your private showing today!

1915 S 10th St, Waco

$265,000

3 Beds ⋅ 2 Baths ⋅ 21392212 MLS

Welcome to this beautifully remodeled 3 bedroom, 2 bathroom home offering 1,160 sqft of thoughtfully updated living space. A covered front porch greets you on arrival, creating a warm and inviting first impression. Inside, you'll find recessed lighting throughout and a stylish kitchen featuring quartz countertops, a coordinating backsplash, and a good size island with space for barstool seating, perfect for everyday meals and entertaining. The primary suite includes a walk-in tiled shower and a connected walk-in closet. The spacious laundry room offers cabinet storage and countertop space for added convenience. Step outside to a covered back porch and a backyard with plenty of room for outdoor gatherings. Located just minutes from Baylor University, Magnolia Market, downtown Waco, and local restaurants and shops, this home is ready for its next owner. Schedule your showing today!

2415 S 9th St, Waco

$175,000

2 Beds ⋅ 2 Baths ⋅ 21390270 MLS

Fully furnished and ready to enjoy, this charming 2-bedroom, 2-bath condo offers comfortable, low-maintenance living in a gated community just minutes from Baylor University. With furnishings included, this property is an ideal option for a primary residence, second home, student housing, or investment opportunity. The community offers a refreshing pool and convenient parking, while the location puts you close to Baylor, downtown Waco, local restaurants, shopping, and easy I-35 access. Whether you're looking for a convenient home near campus or a turnkey investment, this condo offers location, convenience, and flexibility all in one.

1214 Baylor Ave Unit 202, Waco

$350,000

4 Beds ⋅ 5 Baths ⋅ 21385208 MLS

Parent and Investor Buyers!. A Baylor-area rental with a floorplan that keeps itself occupied: 4 bedrooms, 4 full baths and a half bath in 1,575 square feet, so every bedroom has its own bath and its own walk-in closet. Built in 2017, one story, with open living and dining, a kitchen pantry, and vaulted ceilings overhead. Full-size washer and dryer space off the hall, flat screen wiring and a prewired security system already in place. Outside there is a covered front porch, a covered rear porch with awnings, and concrete off-street parking reached from the alley. Central heat and central air, slab foundation, composition roof, city water and city sewer, and no HOA dues. Waco ISD. Roughly five minutes from campus and minutes from downtown Waco. Leased for $2,800 per month through July of 2027.

208 Church Ave, Waco

$350,000

4 Beds ⋅ 5 Baths ⋅ 21385193 MLS

Baylor-area investment home, built in 2017 and set on .197 of an acre. This single-story residence holds 4 bedrooms and 4.5 baths in 1,575 square feet, with a full bath for every bedroom, a walk-in closet in each, and a separate powder bath for guests. The open floorplan links living and dining to a kitchen with a pantry, and vaulted ceilings carry through the main living space. Full-size washer and dryer space in the hall, flat screen wiring and a prewired security system. Covered front porch, covered rear porch with awnings, and a concrete off-street parking pad served by the alley. Central heat and central air, slab foundation, composition roof, city water and city sewer, no HOA. Waco ISD. About five minutes to the Baylor campus and minutes to downtown Waco. Leased for $2,200 per month through July of 2027.

200 Church Ave, Waco

$298,850

3 Beds ⋅ 4 Baths ⋅ 21390664 MLS

Rare find in Oxford Park, minutes from Baylor University! 3-bedroom, 3.5-bathroom move-in ready condo, gated community, secure parking! Built in 2008, this 2-story condo has been well-maintained and freshly repainted, perfect open floorplan with each bedroom having its own private en suite bathroom and big closets and a half bath off the living room. Attractive community back yard space with fire pit and grill. Also eligible for short-term rental (STR, AirBnb, VRBO), no Special Permit required.

2513 S 2nd St Unit 1B, Waco

$439,900

3 Beds ⋅ 2 Baths ⋅ 21389909 MLS

**CONTEMPORARY DESIGN NEAR BAYLOR!** Built in 2023, this distinctive Waco home combines bold architectural style, smart functionality, and flexible outdoor space just minutes from Baylor University and central Waco. The striking monochromatic exterior and standing-seam metal roof make an immediate impression, while the bright, open interior delivers a clean and modern aesthetic. The main level features open living and dining spaces flowing into a thoughtfully designed kitchen with quartz countertops, sleek maple cabinetry with finger-pull drawers, built-in refrigerator, induction cooktop, concealed pop-up outlets, under-sink water filtration, and a motorized window shade. Double sliding doors bring in abundant natural light and create an easy connection to the outdoors. The private primary suite is conveniently located downstairs with an en suite bath. Upstairs are two additional bedrooms, a spacious dual-sink bathroom, and a laundry room. Outside, an electric gate opens to a privacy-fenced backyard with additional off-street parking and an EV charger. Beyond the rear fence, additional land provides even more possibilities for expanded outdoor living or future improvements. The extra space may also offer potential to explore an accessory dwelling unit, guest quarters, or other permitted use, subject to applicable City of Waco requirements and approvals. Modern, distinctive, and anything but ordinary, this property offers a rare combination of newer construction, architectural character, flexible space, and convenient access to Baylor and the heart of Waco. **Come take a look!**

3520 S 4th, Waco

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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