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2108 Lyle Avenue

Waco, TX 76708

$229,900

2 units · 1948

Units2
Building area1,442 sq ft
Year built1948
Gross income$12,960/yr
Cap rate4.59% as listed
Parking4 spaces
Lot size0.189 acres
TypeDuplex

What it costs to own

Taxes$4,364 per year
HOANone listed
Operating expenses$2,400 per year — as listed
Insurance$1,200 per year — as listed
Net operating income$10,560 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

ATTENTION INVESTORS, HOUSE HACKERS, FIRST TIME BUYERS & ANYONE LOOKING TO MAKE A WISE HOME PURCHASE IN 2026! 2108 Lyle Avenue is the perfect way to start or add to your real estate investing journey. Beginning with a vision and dream of the current owner herself, this 1948 traditional style home was transformed into a two unit investment property that features a cozy 2-bed 1-bath owner's unit in the back and a 1-bed 1-bath rental unit in the front that was leased at $1080 per month for the past 18 months. Each unit has private parking and entrance. Front unit has a spacious living room, eat-in kitchen, large bedroom, full bathroom and large storage closet. The back unit features a large open concept living room, eat in kitchen with bar seating, laundry, ample counter space and cabinets, & small pantry closet - all the essentials for your day at your fingertips. The back unit includes a master suite with full bathroom plus a guest bedroom. This property offers great options to either live in one unit and rent the other, or rent out both units. And if that's not enough for you, the detached garage has been partially converted to a guesthouse (including bathroom and kitchen plumbing) that with some finishing touches could serve as an additional rental unit or hangout space. So many possibilities here and both existing units are move-in ready! Located in the heart of Waco within a short drive of many restaurants, shops, schools and other local amenities, 2108 Lyle Avenue could hold the key to building that real estate portfolio you've been dreaming of!

The details

HeatingElectric, Space Heater
CoolingCeiling Fan(s), Electric, Wall/Window Unit(s)
FlooringWood
AppliancesGas Range, Refrigerator
Interior featuresDecorative Lighting, Eat-in Kitchen, High Speed Internet Available

Construction materialsSiding
RoofComposition
FoundationPillar/Post/Pier

Lot featuresFew Trees, Interior Lot
FencingFull, Gate, Privacy
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available, Electricity Connected
UtilitiesCable Available, Master Gas Meter, Natural Gas Available

SubdivisionFarwell Heights

ElementaryDean Highland
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

Gross income$12,960 per year
Operating expenses$2,400 per year
Insurance$1,200 per year
Cap rate4.59% — as listed
Net operating income$10,560 per year

MLS #21416989
Source
On the marketListed today
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryMission Waco · 1.0 mi
Nearest parkNorth Waco Park · 0.6 mi

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Listing courtesy of Coldwell Banker Apex, REALTORS — Trisha Menchu.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21416989. Information last updated October 21, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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