




$549,000
2024 N 5th St, Waco, TX, 76708
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About this property
This new construction 3-bedroom, 3.5-bathroom home is ideally located in the heart of Waco—just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area’s exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city’s most desirable zones for short-term rentals and second homes. Inside, the home features three king suites—ideal for accommodating three groups. The bright, open-concept kitchen and vaulted living room showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey—ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you’re looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with the vacant lot behind at 522 Proctor as well as 421 Proctor Ave, and 425 Proctor Ave (across the street) - all operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Waco
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