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Days1543Days on Market
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$169,900

1119 Faulkner Lane, Waco, TX, 76704

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size17,990 sqft

Land Information

APN480118000248004
Lot Number1A,2A
SubdivisionDavis J F Tr
Land UseReal, Vacant Platted Residential Lot
Legal DescriptionDAVIS J F TR LOT 1A 2A 3A 4A 5A BLOCK 23 ACRES .413
Census Tract001401
Assessed Land Value$19,070
Assessment Year2025

About this property

Introducing an exceptional opportunity to acquire over 1 acre of prime commercial property, zoned C-1, just a few blocks away from Waco Dr. Situated in a convenient location, this property presents a multitude of possibilities for businesses or multi-family dwellings. The expansive lot provides ample space for a wide range of uses, with its versatile zoning allowing for various commercial and residential developments. Whether you're looking to establish a thriving business or develop a multi-family property, this is the perfect canvas to bring your vision to life. This property is also available with owner financing options, making it an even more attractive investment opportunity.

Investor Tools

Property Icon
$28,000
Estimated Property Value
$0Estimated Mortgage Balance
$28,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,019 /month
Positive
Cash Flow Estimate:
$340 /month

Interested in this property?

Bentwood Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$48/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$430
$19,070
2025
$19,070
N/A
$19,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$430
$19,070

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$28,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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1119 Faulkner Lane | Property Details | No Agent List