$400,000

860 N Lacy Dr Unit 5-6 Waco, TX 76705

Estimated payment $2,607/month

6 Beds
4 Baths
2,750 Sq Ft
$145 Price per Sq Ft

Highlights

  • Open Floorplan
  • Luxury Vinyl Plank Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

Description: !!! Investors !!! Well-built 2007 duplex. 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 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: 10/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,911

Year Built

  • Built in 2008

Lot Details

  • 0.27 Acre Lot

Home Design

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

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Luxury Vinyl Plank Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • Driveway
  • On-Site Parking
  • Off-Street Parking

Schools

  • Connally Elementary School
  • Connally High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18 / 1
  • Assessor Parcel Number 200392150001180

Community Details

Overview

  • 2 Units
  • 2,750 Sq Ft Building
  • Sky View Add Subdivision

Building Details

  • Gross Income $36,000
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,911

Year Built

Built in 2008

Lot Details

0

Listing Details

  • OWNERNAME: Raghuraman
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 5.62
  • Co List Office Mls Id: A8295454
  • Special Features: VirtualTour
  • Year Built: 2008

Interior Features

  • Interior Amenities: Open Floorplan
  • Flooring: Luxury Vinyl Plank
  • Appliances: Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Concrete, Driveway, On Site, Off Street
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Cable Available, Electricity Connected, Sewer Available, Water 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: 0.27
  • Parcel Number: 200392150001180
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761.2

Building Info

  • Year Built: 2008
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 3557.0
  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 22498.0

Tax Info

  • TaxBlock: 1
  • Tax Lot: 18
  • Tax Annual Amount: 5911.0

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,911 $300,400 $44,220 $256,180
2024 $5,911 $310,400 $44,220 $266,180
2023 $5,587 $315,670 $44,220 $271,450
2022 $9,236 $486,010 $46,930 $439,080
2021 $7,816 $352,800 $42,460 $310,340
2020 $7,142 $318,890 $40,470 $278,420
2019 $7,388 $313,890 $38,730 $275,160
2018 $7,123 $298,970 $36,750 $262,220
2017 $6,276 $275,510 $35,010 $240,500
2016 $6,136 $269,340 $34,260 $235,080
2015 $6,179 $267,490 $33,770 $233,720
2014 $6,179 $266,740 $33,020 $233,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2025 10/18/25 For Sale $400,000 -- $145 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- Gary D Tully Pc
Deed -- None Listed On Document
Warranty Deed -- American Guaranty Title
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $253,125 New Conventional
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21090865

North Texas Real Estate Information Systems (NTREIS)

APN: 20-039215-000118-0

Texas Mclennan County Waco 76705

860 N Lacy Dr Unit 5-6, Waco, TX

This home is located at 860 N Lacy Dr Unit 5-6, Waco, TX 76705 and is currently priced at $400,000, approximately $145 per square foot. This property was built in 2008. 860 N Lacy Dr Unit 5-6 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) 269-6608