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    306 Lorraine Dr Waco, TX 76707

    Sponsored
    For Sale
    Under Contract
    $374,900

    Duplex - Waco, TX

    Type:Duplex
    Property size:
    2,402 SF
    Lot size:
    0.19 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 9 at 11:06 am

    Property Features for 306 Lorraine Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    169903
    Parking
    4
    Interior features
    Granite Counters, Open Floorplan
    Appliances
    Microwave
    Size
    2,402 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2025
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    EG Realty (254) 218-4220 [email protected]

    Listing agent Anel Perales (254) 218-4220 License #651652

    Listing date Dec 29, 2025

    MLS# 21092737 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Duplex Near Downtown Waco

    This new duplex is located minutes from Downtown Waco, The Magnolia Silos, Baylor Stadium, and the Brazos River. Each side of the duplex features 3 bedrooms, 2 bathrooms, and 1,201 square feet of living space. The property includes foam insulation, stained concrete floors, and an open-concept floor plan. The kitchens feature granite countertops and cabinetry, while the bathrooms include tile bathtubs. Each unit has a small covered patio and parking for up to 4 cars in the back. The property is located on a 0.193-acre lot. The total property size is 2,402 square feet. This duplex is suitable for house hacking or as a turnkey cash-flowing investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.138777
    Latitude
    31.56512

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    FAQs

    What type of property is this?
    Duplex - Modern duplex near downtown Waco with strong rental potential.
    Where is this duplex located?
    The property is located at 306 Lorraine Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: - Prime location minutes from Downtown Waco, Magnolia Silos, Baylor Stadium, and the Brazos River.; - Brand-new duplex: solid construction and modern design.; - Each unit features 3 bedrooms, 2 bathrooms, and 1,201 sqft of living space.
    (254) 218-4220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Lorraine Dr Waco, TX 76707
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