$1,500,000

860 N Lacy Dr Unit 1-8 Waco, TX 76705

Estimated payment $9,755/month

Total Views 87
24 Beds
16 Baths
10,348 Sq Ft
$145 Price per Sq Ft

Highlights

  • 1.17 Acre Lot
  • Luxury Vinyl Plank Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

!!! Investors !!! Complex of four duplexes - 8 doors total. Well-built 2007 & 2008. All units feature 3 bedroom, 2 bath, fenced backyards with two 2-car driveways. All units have enjoyed close to 100% occupancy for years. Located in Connally ISD with a park close by. Large backyards with two parking spots per unit. Semi-private location with one entry into the complex of four duplexes. The entry drive ends at structure providing each unit a storage area. Tenants pay all bills. This is an excellent investment. There are four duplexes located together, with each being available by itself or in combination with others. Tenants comment regularly about it being quite and feeling safe. A nice neighborhood-vibe.

Listing Agent

Kenneth Hodges

Better Homes and Gardens License #0690686 Listed on: 10/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,910

Year Built

  • Built in 2007

Lot Details

  • 1.17 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Electric Range

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Full Bathrooms

Schools

  • Connally Elementary School
  • Connally High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 16-19 / 1
  • Assessor Parcel Number 412299

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • 10,348 Sq Ft Building
  • Sky View Add Subdivision

Building Details

  • Gross Income $144,000
  • Net Operating Income $89,992

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,910

Year Built

Built in 2007

Lot Details

0

Listing Details

  • OWNERNAME: Raghuraman
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 6.0
  • Co List Office Mls Id: A8295454
  • Special Features: VirtualTour
  • Year Built: 2007

Interior Features

  • Interior Amenities: Cable TV
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 16
  • Total Bedrooms: 24

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Concrete
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Available, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Connally
  • High School: Connally
  • Junior High Dist: Connally ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 1.17
  • Parcel Number: 412299
  • Lot Size Acres: 1.17
  • Lot Size Sq Ft: 50965.2

Building Info

  • Year Built: 2007
  • Units Total: 8
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 14228.0
  • Annual Gross Income: 144000.0
  • Property Net Operating Income: 89992.0

Tax Info

  • TaxBlock: 1
  • Tax Lot: 16-19
  • Tax Annual Amount: 21910.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 For Sale $1,500,000 -- $145 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21092188

North Texas Real Estate Information Systems (NTREIS)
Texas Mclennan County Waco 76705

860 N Lacy Dr Unit 1-8, Waco, TX

This home is located at 860 N Lacy Dr Unit 1-8, Waco, TX 76705 and is currently priced at $1,500,000, approximately $144 per square foot. This property was built in 2007. 860 N Lacy Dr Unit 1-8 is a home located in McLennan County with nearby schools including Connally Elementary School, Connally Primary School, and Connally Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Kenneth Hodges
Listing Agent
Kenneth Hodges
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Better Homes and Gardens
(254) 946-4794