52 Multifamily Units | Multiple Portfolios in One

For Sale

5506 Kingsman Dr, Waco, TX 76710

This Waco property for sale is located at 5506 Kingsman Dr. Contact the listing broker for details on the current sale price for 52 Multifamily Units | Multiple Portfolios in One.

Contacts

M&D CRE

M&D Real Estate

broker
Kevin Weable, CCIM

Property Details

  • Property Type Multi-Family
  • Property Size 51,306 SF
  • Units 52
  • Date Updated Mar 24, 2026

52-Unit Multifamily Portfolio | 3 Assets | Waco MSA | Acquire One, Two, or All


M&D CRE is pleased to present a 52-unit multifamily investment opportunity across three distinct residential portfolios located in Waco, Hewitt, and Robinson, Texas. The offering consists of duplex, quadplex, and apartment product, providing investors with diversified unit mix and flexible acquisition strategies within a single Central Texas market.

The portfolio includes the 18-unit Gruver Duplex Portfolio in Hewitt, the 16-unit Bentwood Quadplex Portfolio in Robinson, and the 18-unit Kingsman Apartment Portfolio in Waco. Together, the assets total 52 units across 15 buildings and approximately ±51,306 square feet , offering immediate scale with operational efficiency supported by clustered geography.

Each portfolio features a straightforward operational profile with functional layouts designed to meet consistent workforce housing demand. Unit mixes range from one-bedroom apartments to two- and three-bedroom layouts across multiple property types, appealing to a broad tenant base including workforce renters, students, and smaller households.

The assets are located within established residential submarkets with proximity to Baylor University, regional healthcare systems, and major employment corridors. The regional positioning supports strong rental demand driven by population growth, economic expansion, and continued housing affordability pressures across the Waco metropolitan area.

This offering is structured to allow investors to acquire an individual portfolio, combine two portfolios, or purchase the entire 52-unit collection. The structure provides flexibility to align acquisition size, asset type, and investment strategy—ranging from a smaller, targeted investment to a scaled, multi-asset platform within one market.

The full portfolio presents an opportunity to acquire a diversified, income-producing multifamily collection with operational efficiency, regional scale, and long-term demand drivers supporting performance across Central Texas.

 

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Highlights

  • Located within the Waco MSA across Waco, Hewitt, and Robinson, Texas
  • Central Texas positioning with access to major regional corridors and connectivity
  • Proximity to Baylor University supporting student and workforce rental demand
  • Near major healthcare systems and employment centers
  • Positioned within established residential neighborhoods and subdivisions
  • Clustered regional footprint supports efficient property oversight and management
  • Accessible locations supporting tenant mobility across the Waco metro area
  • Consistent demand drivers for workforce and attainable housing
  • Duplex, Quadplex & Apartment Product Types
  • Diverse Unit Mix (1BR, 2BR, 3BR Layouts)
  • Functional Floorplans with Defined Living Spaces
  • On-Site Parking Across All Properties; Low-Density + Small-Multifamily Configurations
  • Centralized or Duplicated Layouts for Operational Efficiency; Efficient Building Designs; Straightforward Maintenance & Leasing Operations
  • Clustered Portfolio Within One Regional Market

Attachments

Getting around

  • 60/100

    Walk Score ®

  • 39/100

    Bike Score ®

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Location

  • City Waco, TX
  • Neighborhood Richland Hills
  • Zip Code 76710

Points of Interest

  • 7-Eleven

    0.63 miles

  • Valero

    0.66 miles

  • Conoco

    0.70 miles

  • Texaco

    0.75 miles

  • H-E-B Fuel

    0.86 miles

  • Murphy USA

    1.14 miles

  • Shell

    1.27 miles

  • Tesla Supercharger

    6.24 miles

  • THe View Parking Garage

    3.96 miles

  • 8th St. Parking Garage

    4.04 miles

  • Visitor Parking Lot

    4.22 miles

  • 5th St. Parking Garage

    4.23 miles

  • Student Parking

    4.33 miles

  • Twisted Root Parking

    4.39 miles

  • Speight Plaza Building and Parking Garage

    4.43 miles

  • Dutton Parking Garage

    4.53 miles

  • Parking E

    4.65 miles

  • Parking R

    4.66 miles

  • Fairfield Inn & Suites Waco South

    0.65 miles

  • Extended Stay America

    0.70 miles

  • La Quinta Inn & Suites

    0.80 miles

  • Super 8 by Wyndham Waco/Mall area TX

    0.85 miles

  • Best Western Plus

    0.98 miles

  • Motel 6 Woodway, TX

    1.28 miles

  • Americas Best Value Inn

    1.32 miles

  • Staybridge Suites Waco South - Woodway

    1.39 miles

  • SpringHill Suites Waco Woodway

    1.43 miles

  • Knights Inn Waco South

    1.49 miles

  • Beall's

    0.27 miles

  • Sears

    0.28 miles

  • Dillard's for Men, Kids, and Home

    0.30 miles

  • Richland Mall

    0.31 miles

  • Dillard's for Women

    0.37 miles

  • Big Lots

    0.39 miles

  • JCPenney

    0.40 miles

  • ALDI

    0.67 miles

  • East Market

    0.77 miles

  • Melrose

    0.88 miles

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