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$324,000

2828 Gorman Ave, Waco, TX, 76707

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,038 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.15 / sqft
Year BuiltBuilt in 1913

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Microwave, Refrigerator, Vented Exhaust Fan, Electric Water Heater, Gas Water Heater
FlooringTile, Vinyl

Exterior

Lot Size8,250 sqft

Building Information

Year Built1913
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480438000161002
Lot Number6
SubdivisionWest End
Land UseResidential
Legal DescriptionWEST END LOT 6 BLOCK Q ACRES .1894
Census Tract000800
Assessed Land Value$24,590
Assessed Improvement Value$190,410
Assessment Year2025

About this property

This stunningly transformed 1913 home is ready for new owners! Four bedrooms, three full bathrooms and two living spaces is the foundation. 2828 Gorman is the perfect mix of original details and upgraded highlights! Open floorplan with luxury vinyl plank throughout, large new windows, crown moldings, restored ship lap walls and ceilings are just a few specialties. The spacious open kitchen boasts a large island, beautiful stone countertops, farm sink, newer appliances and stunning backsplash tile. A large oversized mud room and laundry space off the side entrance is functional without sparing design details. A luxurious master suite occupies the second floor with exposed beams and features two closets and a double vanity sink. Plenty of room to have fun in the fully fenced backyard and large storage shed conveys. Electric, plumbing, HVAC, water heater, roof and windows all upgraded in 2021! Gorman is conveniently located close to downtown, I35, Baylor and all that Waco has to offer!

Investor Tools

Property Icon
$324,000
Estimated Property Value
$0Estimated Mortgage Balance
$324,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,082
$215,000
2025
$24,590
$190,410
$215,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,082
$215,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$324,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
N/A
+$1,354/mo
5.0%

Learn About the Market: Opportunity in Texas

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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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2828 Gorman Ave | Property Details | No Agent List