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3008 S 3rd Street

Waco, Texas 76706
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$899,000 $3,790/Mo
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Bed 5

Bed

Bath 6

Bath

Acres0.55

Acre(Lot)

Prime Location. Proven Income. Expansion Potential. Exceptional investment opportunity near Baylor University! This fully furnished, income producing property is currently leased at $1,000 per bedroom, with tenants sharing utilities creating strong and consistent cash flow from day one. The main home offers 4 spacious bedrooms, each with a private ensuite bath, plus a convenient half bath for guests. A separate 1 bed, 1 bath casita provides additional rental income potential or flexibility for short term leasing. Each bedroom comes fully furnished with a full size bed, nightstand, desk, and custom closet organizers, making it turnkey and highly attractive to student renters. The kitchen features high end finishes including granite countertops, stainless steel appliances, bar stool s, and all appliances convey including refrigerator, washer, and dryer. Built for efficiency and durability, the home includes foam insulation and 2x6 exterior wall construction, enhancing energy performance and long-term value. Additional features include a Ring security system, sprinkler system, and 5 dedicated parking spaces. The property is fully fenced for privacy and security, featuring a beautiful iron gate with keypad entry, offering both curb appeal and controlled access. Situated on a generous 0.55 acre lot, zoned R-1B (short-term rental eligible), this property offers rare expansion potential ample space to duplicate the existing structure and potentially double income. Whether you’re looking to house hack, expand your rental portfolio, or capitalize on the thriving Baylor market, this is a strategic investment opportunity you don’t want to miss.

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Detail Ic Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 75263269

MLS Id : 551433802

Beds : 5

Lot Size : 0.55 Acre

Year Built : 2023

County : McLennan

Subdivision: Gurley D R Tr

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 5 Window Features: Window Coverings

    Bathroom Information

    Total Baths: 5.5 Full Baths: 5 Half Baths: 1

  • Interior Features

    Decorative Lighting,Eat-in Kitchen,Granite Counters,High Speed Internet Available,In-Law Suite Floorplan,Smart Home System,Vaulted Ceiling(s),Walk-In Closet(s),Second Primary Bedroom

    Appliances

    Dishwasher,Disposal,Dryer,Electric Cooktop,Electric Oven,Electric Water Heater,Microwave,Refrigerator,Washer

    Utilities

    City Sewer,City Water

  • Cooling Features

    Central Air

    Heating Source

    Electric

  • Building Information

    Built Year: 2023 Building Area Total: 2,675 Construction: Board & Batten Siding Roof Type: Composition

  • Exterior Features

    Covered Patio/Porch

    Foundation

    Slab

    Security Features

    Gated Community,Security Gate,Security System,Security System Owned,Smoke Detector(s)

  • Patio And Porch

    Covered

    Fencing

    Back Yard,Full,Wood,Wrought Iron

    Construction Materials

    Board & Batten Siding

  • Lot Information

    Lot Size (Acr): 0.5460 Lot Size Units: Acres Lot Size Square Feet: 23,784

  • Property Information

    Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: Gurley D R Tr City: Waco State: Texas Directions: Use GPS or take Lasalle to S 3rd Street. Property will be on your left. Property Status: Active Levels: Two Property Age: 3 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $899,000

  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 480210000010009 Tax Block: 1 Tax Legal Description: GURLEY D R TR LOT C6 BLOCK 1 ACRES .546 Tax Lot: C6 Unexempt Taxes: $12,449

  • Parking Information

    Parking: 5 Parking Features: Asphalt

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: South Waco Middle School: Cesar Chavez High School: University School District: Waco ISD

  • Utility Information

    Utilities: City Sewer,City Water
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7140 S 3rd St Road #A, Waco, TX, 76706 $375,000 3 3 1,956 1,956 SqFt
7633 S 3rd St Road, Waco, TX, 76706 $479,900 4 3 2,718 2,718 SqFt
917 Placid Circle, Waco, TX, 76706 $350,000 3 2 1,434 1,434 SqFt
1106 Placid Circle, Waco, TX, 76706 $285,000 4 2 1,632 1,632 SqFt
1117 Merganser Way, Waco, TX, 76706 $289,000 3 2 1,526 1,526 SqFt
1208 Elise Avenue, Waco, TX, 76706 $379,000 4 3 1,989 1,989 SqFt
1216 Merganser Way, Waco, TX, 76706 $299,000 3 2 1,447 1,447 SqFt
1524 Elise Avenue, Waco, TX, 76706 $324,900 3 2 1,482 1,482 SqFt
1609 Elise Avenue, Waco, TX, 76706 $378,000 4 3 2,090 2,090 SqFt
112 Garden Drive, Waco, TX, 76706 $310,000 4 3 1,742 1,742 SqFt

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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/05/2026 @ 08:33

MLS: 551433802 LISTED BY: Tiffanye Harrell, Coldwell Banker Apex, REALTORS 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

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