South Waco (Elementary School) Homes under $700,000

Welcome to Waco, Texas, where vibrant community living meets exceptional educational opportunities! Nestled in the heart of McLennan County, South Waco Elementary School stands as a beacon of learning and growth for young minds. This well-respected institution is dedicated to fostering a nurturing environment, encouraging students to explore their creativity and develop essential skills. With a focus on academic excellence and character development, South Waco Elementary is committed to preparing your child for a bright future.

As you consider making Waco your home, you'll be delighted to discover a fantastic selection of homes available for under $700,000. This charming city boasts a variety of neighborhoods that cater to diverse lifestyles, from cozy family-friendly communities to modern developments that embrace the spirit of Waco. Whether you’re seeking a spacious single-family home with a backyard oasis or a contemporary townhouse close to local amenities, Waco offers something for everyone.

Living in Waco not only provides access to quality education, but it also immerses you in a vibrant culture, rich history, and a warm, welcoming community. Enjoy weekends exploring the famous Magnolia Market, savoring local cuisine, or taking leisurely strolls along the Brazos River. With affordable housing options and a strong sense of community, Waco is the perfect place for families to grow and thrive.

Discover your dream home in Waco today, and experience the perfect blend of quality education and a fulfilling lifestyle!

Newest South Waco (Elementary School) Homes under $700,000

$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

$600,000

4 Beds ⋅ 5 Baths ⋅ 21404681 MLS

BAYLOR STUDENTS! Introducing Hadley’s Place, an exclusive gated community of only ten artisan-crafted townhomes located just three minutes from Baylor University. Each residence is uniquely designed no two alike showcasing a modern French cottage aesthetic, intentional craftsmanship, and high-end finishes that set a new standard for Waco living. Built by Dimora Homes LLC and developed by Piper’s Place LLC, every home reflects superior construction and design, including an engineered foundation (3-year warranty), engineered trusses, 2x4 wall framing, Tyvek moisture barrier, foam insulation (4” walls, 6” roof), and a 30-year shingle roof for lasting quality and energy efficiency. Interiors are thoughtfully appointed with custom cabinetry, quartz and granite countertops, Delta faucets, Toto toilets, vinyl plank flooring, and a stained wood staircase. The Frigidaire stainless steel appliance suite includes a refrigerator, stove, vented microwave, dishwasher, washer, dryer, all under warranty for peace of mind. Exteriors are equally distinctive with a blend of siding, masonry, or stucco finishes, 6-foot cedar privacy fencing, San Augustine grass landscaping, and four private parking spaces per unit. The gated entry offers security and ease while the HOA maintains the electric gate ($40-month) and professional landscaping, including mowing, fertilization, and pest control ($60 per visit). Optional gutters ($2,000 allowance) and sprinkler systems ($3,500 allowance) allow for personalization. Designed for safety, comfort, and enduring value, Hadley’s Place is the perfect opportunity for parents seeking a secure, refined residence for their Baylor student or for investors pursuing a turnkey property with exceptional long-term potential. Each home is backed by a 1-year builder’s warranty, 1-year electrical and plumbing warranty, and a 3-year foundation warranty, providing complete peace of mind. Perfect Baylor Student Housing in the Baylor Bubble.

2700 S 2nd Unit F, 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

$575,000

8 Beds ⋅ 8 Baths ⋅ 21392949 MLS

Two sides, eight bedrooms, eight baths — one smart investment. This Waco duplex sits in the Baylor Bubble and offers approximately 3,506 total square feet across two 1,753-square-foot units, each with 4 bedrooms and 4 full baths—one bedroom and bath downstairs, three up—for privacy without sacrificing shared living space. Each unit also has its own living area, dining space, kitchen, and laundry. Side A (shown in photos) features neutral wood-look vinyl-plank flooring, abundant natural light, ceiling fans, and a well-equipped kitchen with ample cabinetry and counter space, a dishwasher, microwave, range, and refrigerator. Upstairs bedrooms offer good closet storage. Painted brick, off-street concrete parking, and a fenced backyard round out the exterior. Built in 2002 and close to Baylor University, 1916 S 15th St pairs eight bedrooms and eight full baths across two identical 4-bed,4-bath floor plans, each a fully self-contained unit.

1916 S 15th St Unit A & B, 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

$670,000

4 Beds ⋅ 5 Baths ⋅ 21394987 MLS

Spectacular location on S. 5th Street within the Baylor Bubble and -2 blocks from BU Campus. Easy walk to campus. Charming 4 BR and 4.1 Bath home originally built in 1915 and remodeled-updated in 2021. Large rear deck and nice rear concrete parking area. Nice layout with large bedrooms that have attached full bathrooms & closet areas. Granite kitchen & bath counter tops. Property is leased till 7-2027. Total rent is $3,820 per month + utilities. Lease & appliances convey with sale of property. Property is surrounded by other student housing properties. Photos can be provided up on request. Great place for your BU Student & Roommates to call home for next year. This one will not last long.

1814 S 5th St, Waco

$569,900

2 Beds ⋅ 2 Baths ⋅ 21393402 MLS

Prime investment opportunity within walking distance of Baylor University! This updated duplex features two separate 2-bedroom, 2-bath units for a total of 4 bedrooms and 4 full bathrooms. Currently leased for a combined $3,600 per month, the property offers immediate rental income along with plenty of flexibility for the next owner. Both units feature bright, open living spaces, updated kitchens and bathrooms, in-unit laundry, and thoughtfully designed layouts that feel more like home than your typical student rental. Outside, you'll find a large fenced backyard, ample parking, alley access, and an upstairs balcony. With eligibility for both short-term and long-term rentals, there are multiple ways to make this property work for you. Continue leasing both units, utilize one or both as short-term rentals, or purchase for your Baylor student to live in one side while generating income from the other. The property can also be sold partially furnished for an even easier transition. Updated, income-producing, STR eligible, and conveniently located near Baylor, this duplex is ready for its next investor. Schedule your private showing today!

1301 Wood Ave Unit A & B, 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

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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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