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

24beds
16baths
10,348sqft
$1,500,000
$145price/sqft
$11,853/moest. monthly cost
$474,120/yrincome needed

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.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

1/10
3/10
3/10
Connally High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Electric Range

Bedrooms & Bathrooms

  • Bedrooms: 24
  • Bathrooms: 16
  • Full bathrooms: 16

Features

  • Cable TV
  • Flooring: Carpet,Luxury Vinyl Plank

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 10,348
  • Total interior livable area: 10,348 sqft

Property

Details

  • Parcel number: 412299

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 1.17 Acres

Parking

  • Total spaces: 16
  • Parking features: Concrete

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Lightning
Heat Wave

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$1,433$17,196
Property Taxes $1,700$20,400
Electricity $1,136$13,635
Total$11,853$142,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$406,388/yr
40% on housing$355,590/yr
45% on housing$316,080/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$145This listing

vs Other Active Listings

Avg $/sqft

ZIP 76705$144
McLennan County$158

vs Homes Sold Last Month

Median $/sqft

ZIP 76705$151
McLennan County$167

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-10-21Listed for sale$1,500,000

For Sale by Agent

AgentKenneth Hodges
BrokerageBetter Homes and Gardens

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