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$257,000

4424 Orchard Ln, Waco, TX, 76705

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,144 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1949

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended

Exterior

Lot Size2.90 acres

Building Information

Year Built1949
Stories1
Roof Type105

Land Information

APN280267010472000
SubdivisionTomas De La Vega
Land UseResidential
Legal DescriptionTOMAS DE LA VEGA ACRES 2.903
Census Tract001700
Assessed Land Value$35,930
Assessed Improvement Value$135,950
Assessment Year2025

About this property

Builder & Investor Opportunity – 2.9 Acres – 15 Lot Residential Development Opportunity Prime 2.90-acre development site located minutes from downtown Waco and Baylor University, positioned in an area experiencing ongoing residential infill and redevelopment. The City of Waco has provided verbal support for a 15-lot single-family subdivision, requiring only plat approval and standard submission. A 16-lot configuration may be achievable with the extension of an existing sewer line approximately 200 feet from N Fork Branch Rd to Orchard Ln, offering additional upside for developers. Key Highlights: 2.90 acres (126,280 SF) Zoned single-family residential Utilities available nearby (water, sewer, electricity) Located inside city limits with streets installed Corner lot with asphalt road frontage Ideal for small subdivision or builder infill project The property includes an existing vacant structure scheduled for removal, with land value being the primary opportunity. With strong demand for new construction in the East Waco corridor, this site presents a straightforward path to a small-lot residential development with attractive lot yield potential.

Investor Tools

Property Icon
$257,000
Estimated Property Value
$0Estimated Mortgage Balance
$257,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,841
$171,880
2025
$35,930
$135,950
$171,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,841
$171,880

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$257,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$996/mo
N/A
+$996/mo
4.7%

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.

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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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4424 Orchard Ln | Property Details | No Agent List