4101 Morrow Avenue
About This Property
Centrally located in one of Waco's established neighborhoods, this beautifully refreshed 3-bedroom, 2-bathroom home is filled with timeless details, abundant natural light, and warm, inviting spaces that immediately feel like home.
The refinished hardwood floors flow throughout the home, while charming bay windows create the perfect cozy corner for slow mornings with coffee or quiet evenings at home. Spacious bedrooms provide comfort and flexibility, and the primary suite includes a light-filled ensuite bathroom that feels bright and peaceful.
Outside, the large backyard is designed for both entertaining and relaxing, featuring a spacious patio and outdoor rock fire pit-perfect for hosting friends or enjoying evenings in your own private retreat. Fresh paint and updated landscaping further enhance the home's move-in-ready appeal.
Located in the desirable Brookview neighborhood, the property offers everyday convenience along with exciting future potential as new neighborhood development brings additional restaurants and retailers to the area.
Previously rented for $2,100 per month, this home is an excellent opportunity for both owner-occupants and investors. Don't miss the chance to own a home that beautifully blends original character, thoughtful updates, comfort, and opportunity.
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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 28, 2026 | Sold | ||
| Sold | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jun 28, 2026 | Price Decreased |
$279,000
↓ $6K
(2.1%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Decreased |
$284,999
↓ $14K
(4.7%) | |
| Price Decreased | |||
| May 10, 2026 | Listed by Camille Johnson | $299,000 | |
| Listed by Camille Johnson | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017