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Investment Highlights

  • Dual Asset Types: Duplexes + Apartments - Gruver: 18 units across 9 duplex buildings - Kingsman: 18 units acrosstwo apartment buildings
  • Kingsman: One-bedroom, one-bath unit mix across two buildings; Gruver: 3 Bedroom, 2 Bath across nine properties
  • Available individually, pair with another, or as part of a 52-unit, three-portfolio offering
  • Kingsman: Single-site configuration on approximately 0.68 acres & 12,240 Total SF | Gruver: Single-block configuration totaling 4.68 acres & 19,930 SF
  • Kingsman & Gruver: Centralized layouts supporting efficient management
  • Value-add opportunity through lease-up and rental alignment

Executive Summary

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.

Property Facts

Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 3
Total Building Size 51,306 SF
Total Land Area 6.14 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Gruver Circle
100-219 W Gruver Cir, Hewitt, TX 76643
Multifamily 19,930 SF 1982 -
Bentwood
132-149 Bentwood Dr, Robinson, TX 76706
Multifamily 19,136 SF 1984 -
Kingman Terrace
5506 Kingsman St, Waco, TX 76710
Multifamily 12,240 SF 1981 -
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  • Listing ID: 39829787

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: Kingsman/Gruver/ Bentwood 52 Units, Waco, TX

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