5506 Kingsman Apartments - Multifamily Portfolio

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 5506 Kingsman Apartments - Multifamily Portfolio. 5506 Kingsman Apartments - Multifamily Portfolio is situated on a lot that is 0.68 acre in size.

Contacts

M&D CRE

M&D Real Estate

broker
Kevin Weable, CCIM

Property Details

  • 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

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.

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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

Attachments

Getting around

  • 60/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

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

Contact Listing Broker
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