
$271,000
NAL Estimated Property Value521 Herring Avenue, Waco, TX, 76708
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About this property
OWNER FINANCE OPPORTUNITY – Discover the potential of this spacious 2-bedroom, 2-bath home located in Waco’s growing Opportunity Zone. Perfect for homeowners, investors, or developers, this property sits on an oversized lot with desirable R-3E zoning, one of Waco’s most flexible high-density residential designations. The zoning allows for a variety of future development possibilities including duplexes, townhomes, and multifamily projects. The adjacent lot is also available for purchase, creating even greater expansion and investment opportunities. Inside, the home has been refreshed with recent updates including fresh interior paint and new flooring, offering a clean and move-in ready feel. The property also features a detached garage and additional storage space ideal for a workshop, studio, or hobby area. Relax on the covered front porch while enjoying the added space and versatility this oversized lot provides. Conveniently located just minutes from Cameron Park, the Cameron Park Zoo, and the Brazos River, this property offers easy access to some of Waco’s most popular outdoor attractions, trails, recreation areas, and entertainment destinations. Downtown Waco, Baylor University, shopping, dining, and major thoroughfares are also just a short drive away. FLEXIBLE PATH TO HOMEOWNERSHIP – Owner financing is available for qualified buyers, making this a great opportunity for those seeking alternative financing options. Whether you’re searching for a primary residence, rental property, or future development investment, this property offers outstanding flexibility and long-term potential in one of Waco’s developing areas.
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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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