




$199,900
2501 S 27th St, Waco, TX, 76706
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About this property
Opportunity is knocking at 2501 S 27th St! With 2,544 square feet and priced well below market value, this property offers the chance to build instant equity for the right buyer. Much of the heavy lifting has already been started with a brand-new roof and all debris and junk removed, leaving you with a clean slate to bring your vision to life. Located just minutes from Baylor University, Magnolia Table, downtown Waco, and I-35, you'll enjoy the convenience of being close to everything while still tucked away in an established neighborhood. Whether you're looking for your next flip, rental investment, or a custom renovation project, the potential here is undeniable. The spacious footprint provides endless possibilities to reimagine the layout and create a stunning finished product. Please note: The property will require ALL future work to comply with City of Waco inspection requirements and permitting standards. Buyers are encouraged to perform their own due diligence regarding the scope of work required. If you're looking for a property with built-in equity, a fantastic location, and unlimited potential, this is one you won't want to miss.
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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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