




$156,000
NAL Estimated Property Value231-233 E Craven Ave, Lacy Lakeview, TX, 76705
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About this property
Investment Opportunity - Duplex in Lacy Lakeview, Waco Area Don't miss this fantastic duplex in the heart of Lacy Lakeview, offering two spacious 3-bedroom, 2-bathroom units — ideal for investors or owner-occupants looking to offset their mortgage. Each unit features a comfortable, functional layout with plenty of living space to attract quality tenants. Residents will love the convenience of off-street parking and a fenced backyard — sought-after extras that set this property apart. Situated with easy access to major highways, everything the Waco area has to offer is just minutes away, including a thriving downtown, the iconic Magnolia Silos, and an ever-growing lineup of restaurants and shopping destinations. For students and staff, the location couldn't be more ideal — both Baylor University and Texas State Technical College (TSTC) are right around the corner. Whether you're building your portfolio or planting roots in one unit while renting the other, this duplex checks all the boxes in one of Waco's most conveniently located neighborhoods. DO NOT DISTURB TENANTS. Photos of occupied units are not shown for tenant privacy. All photos of units in most recent vacant condition only. Unit being sold with the following MLS listings: 21281093, 21282288, 21282292, 21282300, 21282308, 21282327, and 21282339. Price for all $1,850,000. New roof September of 2023, 231 New HVAC July 2025; 233 fresh paint and new kitchen cabinets in May of 2026, New HVAC in September 2024
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lacy Lakeview
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