$161,000
501 Dearborn St, Waco, TX, 76704
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Excellent investment opportunity in the up-and-coming East Waco area - a vibrant, small business hub within blocks of the historic Elm Street revitalization. The Brazos River, MLK Drive, Cameron Park, Doris Miller Memorial, downtown Waco, Magnolia Silos, new hotels and the coming soon "Brazos Riverwalk" are just minutes away. 501 Dearborn has a new HVAC system. Solid home with great bones and good layout, however, NEEDS TLC and is priced accordingly. The half bath can easily be enlarged to accomodate a shower or tub. Fireplace with electric logs, built-ins and a fabulous, mature Magnolia tree in the front yard! SOLD AS IS - No repairs will be made by owner.
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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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