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Listing provided courtesy of Bentwood Realty- MLS# 21223021MLS ProviderContact Information: Amber Sheehan

309 Gurley Lane #2Waco, TX 76706

Multi-Family · 6 Beds · 6 Full Baths · 2 Half Baths · 2,700 Sq. ft. | 0.26 Acres
$465,000 Active

309 Gurley Lane #2 Overview

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Excellent investment opportunity just minutes from Baylor University. This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 3.5 bathrooms with functional layouts ideal for tenants or owner-occupants. Unit A has been updated with laminate wood flooring throughout, granite countertops, and all appliances conveying, making it completely move-in ready. Unit B also features laminate wood flooring with carpet in select bedrooms, Granite counters, providing a comfortable and versatile living space. Both units offer generous living areas, open kitchen layouts, and upstairs bedrooms for privacy. Property is currently at 100 percent occupancy, making this a true turnkey income-producing asset. Community pool included in HOA. HOA covers cable internet, lawn care. Major update includes a new roof installed in 2025, adding long-term value and peace of mind for the next owner. Located in a highly desirable area near Baylor, shopping, and dining, this duplex is a rare find with strong rental potential and consistent demand.

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309 Gurley Lane #2 Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,700
  • Price/Sq.ft. $172
  • Lot 0.26 Acres

Details

General

Association/HOA

  • Association Amenities: Maintenance Front Yard
  • Association Fee: 165.0
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Internet,Maintenance Grounds
  • Association Name: University Woods
  • Association: Yes

School Information

  • School District: Waco ISD
  • Elementary School: South Waco
  • Middle Or Junior School: Cesar Chavez
  • High School: University

Building Information

  • Year Built: 2005
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: McLennan
  • Postal City: WACO
  • Subdivision Name: University Woods

Tax Information

  • Tax Annual Amount: 8348.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,FHA
  • Parcel Number: 480423230001100
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 4.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 2
  • Bathrooms Total: 8
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 2700.0

General Information

  • Appliances: Electric Cooktop,Electric Oven
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Combination,Ceramic Tile,Laminate
  • Foundation Details: Slab
  • Interior Features: Open Floorplan
  • Levels: Two
  • Security Features: Fire Alarm
  • Stories: 2

Unit Information

  • Unit Number: 2

Exterior

Parking Information

  • Parking Features: Door-Single,Driveway,Garage Faces Front,Garage
  • Parking Total: 8.0

Lot Information

  • Lot Size Acres: 0.259
  • Lot Size Area: 0.259
  • Lot Size Square Feet: 11282.04
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Brick
  • Patio And Porch Features: Rear Porch
  • Roof: Composition

General Information

  • Carport: No
  • Covered Spaces: 4.0
  • Fencing: Back Yard,Wood
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Cable Available,Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

309 Gurley Lane #2 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

309 Gurley Lane #2 Market Data

Based on the last 30 days in this zip code

$363,808
Average List Price
$204
Average Price per Square Foot
28
Properties Sold
129
Average Days on Market
240
Properties for Sale
Calculations provided by Reliance Network


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