Residential Land for Sale in Waco, Texas

OPPORTUNITY ZONE: Prime 6,250 SF interior lot zoned R-2 Multifamily, ideally positioned for duplex, triplex, or small-scale multifamily development. Located at 609 Rose St, this site offers exceptional connectivity just minutes from I-35 and Highway 77, providing fast access to Downtown Waco, Baylor University, and the city's growing commercial corridors. City water, sewer, and electric are already available on site, significantly reducing development time and cost. The lot sits within an established neighborhood surrounded by ongoing revitalization, making it a high-demand area for new construction rentals or small multifamily projects. Waco continues to experience strong demand driven by its thriving college population, a national tourism draw anchored by Chip & Joanna Gaines' Magnolia brand, multiple museums and arts venues, and the iconic 400-acre Cameron Park-one of the largest municipal parks in Texas. Whether you're a builder, developer, or investor, this property provides rare affordability and strong upside in one of Central Texas's most dynamic growth markets. Key Highlights: Lot Size: 6,250 sq ft Zoning: R-2 Multifamily Use Options: Duplex, triplex, and other low-density multifamily Utilities: Water, sewer, and electric readily available Location: Minutes to I-35, Hwy 77, Downtown Waco & Baylor Next door & to left of 605 Rose St.