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B+
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$160,000

2114 Gorman Ave, Waco, TX, 76707

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,182 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.36 / sqft
Year BuiltBuilt in 1912

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Range

Exterior

Lot Size8,250 sqft

Building Information

Year Built1912
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480438000255006
Lot Number4
SubdivisionWest End
Land UseResidential
Legal DescriptionWEST END LOT 4 BLOCK X ACRES .1894
Census Tract000700
Assessed Land Value$24,590
Assessed Improvement Value$132,380
Assessment Year2025

About this property

Looking for an investment opportunity or a home you can update and make your own? This Waco property offers a great chance to bring your vision to life. Currently tenant-occupied, it may also appeal to investors looking for an income-producing property with future upside. Whether you choose to continue using it as a rental or renovate it for yourself, there’s plenty of potential here. A great opportunity for someone ready to put in the work and make the most of this property. This home is one of 4 being sold and can be purchased individually or together as a package. 2114 Gorman, 2512 Colonial, 2701 Park Lake and 3400 Colcord

Investor Tools

$0Estimated Mortgage Balance
$183,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,098 /month
Positive
Cash Flow Estimate:
$366 /month

Interested in this property?

Misty Bills

CENTURY 21 Judge Fite Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,529
$156,970
2025
$24,590
$132,380
$156,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,529
$156,970

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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

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