This brand-new 3-bedroom, 3.5-bathroom home is ideally located in the heart of Waco—just minutes from the Magnolia Silos, the scenic trails of Cameron Park, vibrant Downtown, and the newly opened Foster Pavilion. Set in a rapidly evolving neighborhood along the 4th & 5th Street corridor, this home is surrounded by other new construction properties and benefits from the area’s exciting transformation. With continued development, improved walkability, and growing interest from investors and visitors alike, this part of Waco is becoming one of the city’s most desirable zones for short-term rentals and second homes. Inside, the home features three king suites—ideal for accommodating three groups. The bright, open-concept kitchen and vaulted living room showcases modern finishes and thoughtful design, creating the perfect space for entertaining or relaxing. Offered fully furnished, this home is completely turnkey—ready to generate short-term rental income on day one or serve as your personal Baylor game day retreat. Whether you’re looking for a strong STR investment or a second home in a fast-growing part of Waco, this property is a rare opportunity. Property can be purchased as a bundle along with 2024 N 5th St, 421 Proctor Ave, and 425 Proctor Ave - all within feet of each other operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.
Est. $2,198 per month, based on comparable rentals
Sale and tax history for 2022 N 5th St
Sale History
Tax History
Date
Event
Price
NTREIS #21074140
Jul 2, 2026
Sold
*
Jun 24, 2026
Pending
—
Jun 10, 2026
Contingent
—
Jun 1, 2026
Price Changed
$533,000
$301/sq ft
Apr 27, 2026
Price Changed
$534,000
$302/sq ft
Mar 18, 2026
Price Changed
$535,000
$302/sq ft
Feb 17, 2026
Price Changed
$538,000
$304/sq ft
Jan 27, 2026
Price Changed
$539,000
$305/sq ft
Dec 25, 2025
Price Changed
$540,000
$305/sq ft
Nov 24, 2025
Price Changed
$542,500
$306/sq ft
Oct 27, 2025
Price Changed
$545,000
$308/sq ft
Sep 30, 2025
Listed
$550,000
$311/sq ft
NTREIS #198078
Nov 13, 2020
Sold
*
Oct 12, 2020
Listed
$31,000
$18/sq ft
Two lots.50X125 each one corner, one interior. Lots can not be bought separately. former residential home sights, Corner of 5th. and Pproctor
Year
Property tax
Land + Additions
Assessment*
2025
$6,745 (−0.3%)
$21,750 + $278,250
$300,000
2024
$6,767 (+19.6%)
$21,750 + $278,250
$300,000
2023
$5,657 (+1,084.0%)
$21,750 + $230,570
$252,320
2022
$478 (+50.2%)
$18,980
2021
$318 (+2.9%)
$12,300
2020
$309 (+2.7%)
$11,630
2019
$301 (+1.1%)
$11,100
2018
$298 (+210.1%)
$10,580
2017
$96 (+2.1%)
$10,580
2016
$94 (+2.2%)
$3,380
2015
$92 (−53.3%)
$3,300
2014
$197
$7,000
Public record
Public record
Zoning
Permits
Beds
3
Baths
3.5
Stories
—
Lot width
50 ft.
Lot depth
150 ft.
Lot size
7,501 Sq. Ft.
Year renovated
—
Sq. Ft.
1,770
Year built
2022
Style
Single Family Residential
County
McLennan County
APN
480375000002000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
O-3
IMAGINE WACO
Office-Limited Commercial District
The O-3 office-limited commercial district is intended to permit selected business uses in locations convenient to residential areas, where the character of the business uses are such that they predominantly serve local needs; to encourage the grouping of such local-serving business uses with safe and convenient vehicular and pedestrian access, so that traffic congestion will be alleviated; and to ensure a proper relationship between the business district and adjacent residential uses by maintaining compatibility of scale through height and yard requirements.
Zone overlays
Imagine Waco
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Mixed use
Office
Aug 18, 2023 • Final
Irrigation/backflow device
Install an irrigation system.
Plumbing
Jul 20, 2023 • Final
Single family dwelling
Construct a one-story single-family home with siding veneer. The residence includes three bedrooms and three and a half bathrooms with an engineered foundation and structural sheathing.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas in Kitchen, Refrigerator, Washer
Number Of Living Areas: 1
Number Of Dining Areas: 1
Living Area: 1770.00
Levels: One
Interior Features: Built-in Features, Decorative Lighting, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Room 1 Information
Room Type: Primary Bedrm
Room Level: 1
Room Features: Dual Sinks, Walk-in Closet(s)
Room Dimensions: 11 x 13
Room Length: 11.00
Room Width: 13.00
Room 2 Information
Room Type: Living Room
Room Level: 1
Room Features: Built-in Cabinets
Room Dimensions: 12 x 16
Room Length: 12.00
Room Width: 16.00
Exterior
Farm Information
Barns Count: 0
Lot Information
Lot Size: Less Than .5 Acre (not Zero)
Lot Size Acres: 0.1722
Lot Size Area: 7500.0000
Lot Size Dimensions: 50x150
Lot Size Source: Public Records
Lot Size Square Feet: 7500.0000
Lot Size Units: Square Feet
Parcel Number: 480375000002000
RATIO List Price By Lot Size Acr: 3095238.09524
Will Subdivide: No
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Accessibility Features YN: No
Property Attached YN: No
Multi Parcel IDYN: No
Property Key: 48309|480375000002000|1|141594447
Property Match: APN
US Property MUI: 408857582
Building Information
Year Built: 2022
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Tax Block: 1
Tax Legal Description: SEDWICK LOT 2 BLOCK 1 ACRES .1722
Tax Lot: 2
Unexempt Taxes: 6745
Financial Information
Buyer Financing: Cash
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Sewer Available, Sidewalk
Location
HOA Information
Association Type: None
School Information
Elementary School: JH Hines
Elementary School Name: JH Hines
High School Name: Waco
Middle School Name: GW Carver
School District: Waco ISD
Location Information
County Or Parish: McLennan
Country: United States
Directions: Google Maps
Latitude: 31.57033400
Longitude: -97.14986700
Geocode Confidence: High
Subdivision Name: Sedwick
Public facts
Beds: 3
Baths: 3.5
Sq. Ft.: 1,770
Stories: —
Lot Size: 7,501 square feet
Style: Single Family Residential
Year Built: 2022
Year Renovated: —
County: McLennan County
APN: 480375000002000
Home facts updated by county records on Aug 25, 2026
Other
Listing Information
Attribution Contact: 314-724-5734
List Source Original: Matrix
Listing Agreement: Exclusive Right To Sell
Listing Id: 21074140
Listing Key Numeric: 541066945
Mls Status: Closed
Previous Status: Pending
Originating System Name: North Texas Real Estate Information Systems
Photos Count: 30
Possession: Closing/Funding
Seller Contributions: 0
Special Listing Conditions: Standard
Standard Status: Closed
Third Party Assistance Program Y: No
Transaction Type: For Sale
Listing Date Information
Days On Market: 253
Cumulative Days On Market: 253
Close Date: 2026-07-02
Purchase Contract Date: 2026-06-10
Expiration Date Option: 2026-06-20
Listing Contract Date: 2025-09-30
Off Market Date: 2026-06-10
Price Change Timestamp: 2026-06-01T09:10:43.173
Status Change Timestamp: 2026-07-02T16:26:22.993
Listing Price Information
Original List Price: 550000.00
Previous List Price: 534000.00
List Price: 533000.00
RATIO Close Price By Lot Size Ac: 3051684.08827
RATIO Current Price By Lot Size: 3051684.08827
Around this home
Schools
J H Hines Elementary School
Public PreK-5 • Assigned • 1.7mi
1/10
G W Carver Middle
Public 6-8 • Assigned • 1.3mi
1/10
Waco High School
Public 9-12 • Assigned • 2.9mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
6/10 Wind Factor
59% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Waco, TX • 76708
Average low and high temperatures (°F)
57
35
68
43
79
54
80
61
84
65
91
75
92
75
95
75
91
68
88
61
75
52
66
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$469,000 – $568,000
Sell confidently with a local market expert in Waco.