Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
A+
NoAgentList RatingHow are grades calculated? Info

$173,000

2023 Gorman Ave, Waco, TX, 76707

$179,920 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.68 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Range, Refrigerator, None

Exterior

Lot Size8,250 sqft

Building Information

Year Built1925
Stories1
Roof Type105

Land Information

APN480096000177005
Lot Number9A
SubdivisionCohen
Land UseResidential
Legal DescriptionCOHEN LOT 9A BLK 15 & WEST END LOT C BLK O, TOTAL 0.1894 AC & WEST END LOT C BLK O, TOTAL 0.1894 AC
Census Tract000700
Assessed Land Value$24,590
Assessed Improvement Value$106,610
Assessment Year2025

About this property

Don’t miss this inviting North Waco bungalow featuring 3 bedrooms and 1 bathroom across 1,288 sq ft of comfortable living space. Inside, original wood trim and a cozy wood-burning fireplace create warmth and charm, while an open layout connects the living and dining areas for easy daily living. The kitchen comes ready with an electric range and refrigerator, and decorative lighting adds a modern touch. Sitting on a spacious 0.189-acre lot with alley access and off-street parking, this home is ideally located in the established Cohen neighborhood, placing you close to downtown Waco, Cameron Park Zoo, I-35, and Bosque Blvd. A great opportunity to own a home full of character and convenience in Waco ISD!

Investor Tools

Property Icon
$173,000
Estimated Property Value
$103,500Estimated Mortgage Balance
$73,381Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$179,920
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,079
$131,200
2025
$24,590
$106,610
$131,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,079
$131,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
S2 Equities Llc
Purchase Money Mortgage
$103,500
No
First
Apr 18, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,619
$73,381
42%
58%
$621/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$621/mo
+$686/mo
9.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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.

Explore Texas Explore This Area
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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

2023 Gorman Ave | Property Details | No Agent List