3520 S 4TH
About This Property
The main level features open living and dining spaces flowing into a thoughtfully designed kitchen with quartz countertops, sleek maple cabinetry with finger-pull drawers, built-in refrigerator, induction cooktop, concealed pop-up outlets, under-sink water filtration, and a motorized window shade. Double sliding doors bring in abundant natural light and create an easy connection to the outdoors.
The private primary suite is conveniently located downstairs with an en suite bath. Upstairs are two additional bedrooms, a spacious dual-sink bathroom, and a laundry room.
Outside, an electric gate opens to a privacy-fenced backyard with additional off-street parking and an EV charger. Beyond the rear fence, additional land provides even more possibilities for expanded outdoor living or future improvements. The extra space may also offer potential to explore an accessory dwelling unit, guest quarters, or other permitted use, subject to applicable City of Waco requirements and approvals.
Modern, distinctive, and anything but ordinary, this property offers a rare combination of newer construction, architectural character, flexible space, and convenient access to Baylor and the heart of Waco. **Come take a look!**
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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 |
|---|---|---|---|
| Oct 30, 2026 | Price Decreased |
$419,900
↓ $20K
(4.6%) | |
| Price Decreased | |||
| Sep 17, 2026 | Listed by Graceland Real Estate | $439,900 | |
| Listed by Graceland Real Estate | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Feb 10, 2024 | Price Decreased |
$399,900
↓ $50K
(11.1%) | |
| Price Decreased | |||
| Jan 11, 2024 | Listed by Coldwell Banker Apex, REALTORS | $450,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Discover contemporary living just minutes from Baylor University and steps away from Gurley Park! This modern Scandinavian-style two-story home, built in July of 2023, embraces a sleek monochromatic black design with a distinctive metal standing seam roof. Inside, the open floor plan is flooded with natural light, featuring a double sliding door for seamless indoor-outdoor living. The kitchen is the focal point of the home and offers hidden pop-up plugs, finger pull Maple drawers and cabinets, and a hidden Forte panel refrigerator, maintaining the home's minimalist aesthetic. Additional features include quartz counter-tops, an induction cook-top, an under sink water filtration system, and a motorized window shade. The downstairs primary bedroom is isolated and features an en suite, while upstairs, two guest bedrooms, a spacious bathroom with dual vanities, and a laundry room await. The backyard is privacy fenced and has a convenient electric gate with ample parking. The property line extends well past the rear fence with plenty of space to take advantage of Waco's newly adopted accessory dwelling unit ordinance allowing for an additional income unit or guest home to be built on the property! This energy-efficient home also features smart thermostats, spray foam insulation, and a water-saving smart sprinkler system, helping to save the environment while you save money! Schedule your showing of this one of a kind home today! The manager has listed the unit size as 1381 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017