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3524 N 27th Street
About This Property
Inside the main residence, an open-concept layout creates an inviting gathering space centered around a cozy fireplace with quartz hearth and built-ins. The kitchen has been refreshed with cabinetry, quartz countertops, and stainless-steel appliances, while 3 bedrooms, 2.5 baths, and a bonus room provide flexibility for daily life, work-from-home needs, hobbies, or guests.
The separate guest house adds exceptional versatility. Beautifully updated inside and out with new flooring, windows, paint, fixtures, vanities, countertops, and more, it offers a private retreat for visitors, extended family, a home office, or potential rental use. R-2 zoning adds even more flexibility for buyers seeking multiple living possibilities.
The oversized detached 2-car garage includes dedicated workshop space and an upstairs bonus room ideal for a home office, studio, hobby room, gym, or private retreat. The property has also received improvements, recent roofs in 2021, gutters installed in 2022, AC systems for the main home and guest house in 2022, insulation, water heater in 2019, gas line and meter in 2022.
Waco, Waco Regional Airport, and the restaurants, shopping, entertainment, and attractions of Downtown Waco. Whether you're envisioning multigenerational living, a guest retreat, home-based business, rental possibilities, or simply want an in-town property with acreage and exceptional storage-workspace, this combination is hard to duplicate.
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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%.
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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 13, 2026 | Price Decreased |
$424,900
↓ $4K
(1%) | |
| Price Decreased | |||
| Aug 16, 2026 | Listed by Comfort Realty LLC | $429,000 | |
| Listed by Comfort Realty LLC | |||
| Aug 25, 2023 | No longer available | - | |
| No longer available | |||
| Aug 19, 2023 | Price Decreased |
$418,400
↓ $21K
(4.7%) | |
| Price Decreased | |||
| Jul 17, 2023 | Listed by Magnolia Realty | $439,100 | |
| Listed by Magnolia Realty | |||
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RARE FIND!! This property has it all! Main residence + fully renovated guest house + fully renovated garage with workshop space + a 1 acre lot in the heart of Waco. What more could you ask for! Zoned R-2, this unique property offers numerous possibilities from someone looking for a home with separate quarters for guests or family to someone looking for a place with income producing capabilities. Main house consists of 2021 sq feet with 3 bedrooms, 2.5 baths, and a bonus room and has taken on the beginning of renovations leaving a clean slate for the new owners to continue on to their liking. You'll fall in love with the 500 sq ft super adorable guest house which has been completely remodeled inside and out to include all new floors, fixtures, paint, windows, vanities, counters, you name it! Renovated, detached 2 car garage includes a separate workshop space plus a bonus room upstairs allowing the perfect space for a man-cave, private office area, or craft space. Numerous updates to include all new roofs on home/guest house/garage (2021), new gutter system on all buildings (2022), new HVAC systems for main and guest house (2022), some new insulation, front entry stoop of main home, various new doors/fixtures/ceiling fans, some plumbing and electrical updates, new water heater (2019), new gas line at street and meter (2022), new stainless steel appliances, LED lights, washer and dryer (2019, 2023 conveys), plus more! All of this sitting on a beautiful 1 acre lot, fully fenced front and back, giving you the privacy and feeling of a world all your own. Conveniently located just minutes from Lake Waco, the airport, and from all the action that growing downtown Waco has to offer! Properties like this don’t come up often! The manager has listed the unit size as 2021 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017