20 Addi Ln

Beds
Baths
6,036 Sq. Ft.
$157 / Sq. Ft.
6,036
Sq. Ft.
$157
per Sq. Ft.

Description

Rare opportunity to acquire five townhomes within the same complex. These units present a value add opportunity for multifamily investors. Three units are 3 bed 2 bath, each 1,520 SF. Two units are 1 bed 1 bath, each encompassing 738 SF. These units stay occupied and tenant pays all utilities. All units have a new roof as of July 2025. Four units are in long term leases and one unit is MTM. These townhomes are within close proximity to I-35, TSTC Technical College and Downtown Waco. Please ask listing...Rare opportunity to acquire five townhomes within the same complex. These units present a value add opportunity for multifamily investors. Three units are 3 bed 2 bath, each 1,520 SF. Two units are 1 bed 1 bath, each encompassing 738 SF. These units stay occupied and tenant pays all utilities. All units have a new roof as of July 2025. Four units are in long term leases and one unit is MTM. These townhomes are within close proximity to I-35, TSTC Technical College and Downtown Waco. Please ask listing agent for rent roll and financials.
  1. Listed by Kolbey Carpenter • TREC #715403 • Classic Realty

Property Details for 20 Addi Lane

Subdivision Name
SKY VIEW ADD
Pool
No
Number Of Parking Spaces
8
LISTING UPDATED: 09/26/2025 07:43 AM

Property Details for 20 Addi Lane

StatusActive
MLS #21016036
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built2007
Lot Size0.65 AC / 28,226 SF
CountyMcLennan County

Location

Listing Courtesy of Classic Realty, Kolbey Carpenter, TREC #715403
Add your commute

Building Information for 20 Addi Lane

Stories2Residences5Year Built2007Building Size-Lot Size0.65 AC / 28,226 SF

Payment Calculator

$4,630 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,630

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 20 Addi Lane

Summary
Location and General Information
  • Complex Name: N/A
  • Directions: See GPS.
  • Elementary School: Connally
  • Elementary School Name: Connally
  • High School: Connally
  • High School Name: Connally
  • Intermediate School: Connally
  • Junior High School: Connally
  • Primary School: Connally
  • Year Built Details: Preowned
  • School District: Connally ISD
  • Geocode Confidence: Medium
  • Latitude: 31.64
  • Longitude: -97.10
  • State: Texas
Parking
  • Parking Features: Garage
Taxes and HOA Information
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Ceramic Tile
  • Heating: Central, Electric
  • Interior Features: Loft
  • Appliances: Dishwasher, Electric Oven, Microwave, Refrigerator
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Siding
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 5
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.648
  • Lot Size Area: 0.648
  • Lot Size Units: Acres
  • Lot Size Square Feet: 28226.88
  • Multi Parcel ID: Yes
  • Parcel Number: 356922
  • Parcel Number 2: 356923,356924,356925,356927
Multi Family
Multi-Family Information
  • Number Of Buildings: 5
  • Capitalization Rate: 5.97%
  • Gross Annual Expenses: $19,082
  • Gross Annual Income: $75,780
  • Insurance Expense: $5,500
  • Total Annual Expenses Include: Insurance, Maintenance, Maintenance Grounds
  • Net Operation Income: $56,698.00
Unit 1
  • Approximate SQFT: 1520.0
  • Average Lease Amount: $1,350.00
  • Living Area Length: 12.0
  • Living Area Width: 14.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1520.0
  • Average Lease Amount: $1,425.00
  • Living Area Length: 12.0
  • Living Area Width: 14.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 1520.0
  • Average Lease Amount: $1,425.00
  • Living Area Length: 12.0
  • Living Area Width: 14.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 4
  • Approximate SQFT: 738.0
  • Average Lease Amount: $1,065.00
  • Living Area Length: 12.0
  • Living Area Width: 14.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1
Unit 5
  • Approximate SQFT: 738.0
  • Average Lease Amount: $1,050.00
  • Living Area Length: 12.0
  • Living Area Width: 14.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1

Property History for 20 Addi Lane

DateEvent & SourcePriceAppreciation
Sep 26, 2025

Price Change

NTREIS #21016036

$950,000
Jul 30, 2025

Listed (Active)

NTREIS #21016036

$1,000,000
Apr 26, 2013

Sold

Waco Association of REALTORS #148164

Jan 28, 2013

Pending

Waco Association of REALTORS #148164

Aug 31, 2012

Listed (Active)

Waco Association of REALTORS #148164

$89,995
DateEvent & SourcePrice
09/26/2025

Price Change

NTREIS #21016036

$950,000
07/30/2025

Listed (Active)

NTREIS #21016036

$1,000,000
04/26/2013

Sold

Waco Association of REALTORS #148164

01/28/2013

Pending

Waco Association of REALTORS #148164

08/31/2012

Listed (Active)

Waco Association of REALTORS #148164

$89,995

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 20 Addi Lane

This home is within Connally Independent School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Connally Primary School
Public1 to 3

Connally Elementary School
Public4 to 5

Connally Junior High School
Public6 to 8

Connally High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

20 Addi Lane is a multi-family home for sale in Waco, TX 76705. This property was listed for sale on July 30, 2025 by Classic Realty, it's currently listed at $950,000. It has been on the market for a total of 192 days and was last sold on April 26, 2013. This listing's school district is Connally Independent School District. Nearby schools include Connally Primary School, Connally Elementary School and Connally Junior High School. 20 Addi Lane is a 0-bed, 0-bath, 6,036 sqft multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Classic Realty, Kolbey Carpenter, TREC #715403

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.