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1200 N 5th Street
About This Property
Step inside to find a light-filled living room, stylishly appointed kitchen with electric range and microwave, and a designated laundry space with yard access. All three bedrooms are generously sized with ample closet space and ceiling fans. Renovations include Hardie siding, and updated interior finishes. Water heater, HVAC system and roof were installed in the last 7 years approx.
Situated on a spacious .1894-acre lot in R-2 zoning, this home is ideal as a primary residence or fully furnished rental for traveling nurses or long-term rental. Off-street parking, side and back fencing, and a welcoming front lawn add convenience and curb appeal. Facing wide and quiet Kentucky Avenue, there's plenty of street parking as well.
Note: Short Term Rental Type II permit may not be currently available at this time but other types might; buyers are encouraged to verify with the City of Waco. Don't miss this flexible opportunity, whether you're seeking move-in-ready charm or a turnkey investment property, 1200 N 5th St is ready to deliver.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | No longer available | - | |
| No longer available | |||
| May 12, 2026 | Listed by Magnolia Realty | $199,900 | |
| Listed by Magnolia Realty | |||
| Feb 23, 2026 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017