2016 Gorman Avenue
About This Property
The kitchen is truly a chef's delight, featuring granite countertops, a large island, a unique live-edge wood bar, and a farmhouse sink-perfect for hosting gatherings with friends and family. Abundant natural light fills the space, adding to the home's airy and open ambiance.
Located just 2 miles from Magnolia Market and 3 miles from Baylor University, you'll have quick access to all of Waco's top attractions and amenities.
Don't miss the chance to make this gem your own!
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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 |
|---|---|---|---|
| May 16, 2026 | No longer available | - | |
| No longer available | |||
| Jan 20, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 18, 2024 | Listed by Anchor Realty | $240,000 | |
| Listed by Anchor Realty | |||
| Feb 22, 2023 | Listed by eXp Realty, LLC Waco | $259,000 | |
| Listed by eXp Realty, LLC Waco | |||
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Price reduction with $5900 in Seller concessions! Look at this amazing home with all the charm and character from the 30's and with modern upgrades. ADORABLE 2 bedroom, 1 and half baths, with beautiful hardwood floors. There is some of the original shiplap on some of the walls. The living room has built-in bookcases on both sides of the fireplace. This is a great place to sit and unwind after a long day. French doors lead from the living room into the dining area. The kitchen is all updated with a large island and granite countertops. The kitchen is open to the dining room and family room. There are French doors leading from the family room to the master bedroom, which has a half bath. Both the front porch and back porch are covered and perfect for enjoying the sunrises and sunsets while enjoying your favorite beverage.
Here is a list of upgrades completed by previous owner prior to summer of 2021: new roof, new insulation in attic, new duct work in attic, new energy efficient windows, beautiful refinished hardwood floors, updated kitchen with granite countertops. Upgrades by current owner in 2021 and 2022 include: new High-Efficiency 16 Seer HVAC system, new stove and matching microwave, new water heater, most of inside repainted.
This home is just minutes from downtown, The Silos, Baylor and all that Waco has to offer. You need to see this home in person to appreciate all that it has to offer. Don't wait and and schedule your showing today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017