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105 Faye Street #A & B

Lacy Lakeview, TX 76705

$259,900

2 units · 1968

Units2
Building area1,800 sq ft
Year built1968
Gross income$31,200/yr
Cap rate9.37% as listed
Parking2 spaces
Lot size0.233 acres
TypeDuplex

What it costs to own

Taxes$2,550 per year
HOANone listed
Operating expenses$6,841 per year — as listed
Insurance$1,795 per year — as listed
Net operating income$24,359 per year — as listed

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

About this home

Fully Occupied, Remodeled Duplex Across from TSTC -
Here’s the kind of investment property that makes sense on paper and in person. This single-story Waco duplex is 100% occupied, with residential leases in place on both sides, offering an established income-producing opportunity from day one. Built in 1968, the property offers 1,800 total square feet on approximately 0.2328 acres, with two well-proportioned units of approximately 900 square feet each.
Each side features 2 bedrooms and 1 full bath, giving the property a practical, straightforward layout that has stood the test of time. Both units have been remodeled, including new windows and flooring along with renovated kitchen and bathroom. The duplex features functional living spaces with luxury vinyl plank flooring, neutral finishes, kitchens with ample cabinetry and counter space, and comfortable room sizes. Seller-owned appliances, including refrigerators, washers and dryers, convey with the property. Central heat and air, along with city water and sewer, round out the everyday essentials.
Outside, mature trees bring shade and character to the lot, while open parking keeps things uncomplicated. The location is hard to overlook, sitting just across the street from Texas State Technical College and convenient to I-35 for access throughout Waco and beyond. Whether adding to an existing portfolio or making a first move into multifamily ownership, this fully occupied duplex offers something investors appreciate: two doors, established tenancy, thoughtful improvements, and a location with practical staying power.

The details

HeatingCentral, Natural Gas
CoolingCeiling Fan(s), Central Air
FlooringLuxury Vinyl Plank
AppliancesDishwasher, Dryer, Electric Range, Microwave, Washer
Interior featuresCable TV Available

Construction materialsBrick
RoofAsphalt
FoundationSlab

Lot featuresInterior Lot, Level
FencingBack Yard, Chain Link
Water sourceCity Water
SewerCity Sewer

SubdivisionNew Haven

ElementaryConnally
Middle schoolConnally
High schoolConnally
DistrictConnally ISD

Gross income$31,200 per year
Operating expenses$6,841 per year
Operating includesCapital Improvements, Insurance, Maintenance, New Tax, Professional Management, Vacancy Allowance
Insurance$1,795 per year
Cap rate9.37% — as listed
Net operating income$24,359 per year

MLS #21372582
Source
Price changeReduced by $15,100 · Oct 14, 2026
On the market27 days
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryElm Mott Grocery · 2.0 mi
Nearest parkVeterans Memorial Park · 1.0 mi

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Listing courtesy of Keller Williams Realty, Waco — Jeffery Bird.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21372582. Information last updated October 14, 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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