This new construction 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 the vacant lot behind at 522 Proctor as well as 421 Proctor Ave, and 425 Proctor Ave (across the street) - all operating as short term rentals. Zoned O-3 for the unrestricted right to operate as a short term rental.
Brook Oaks, located between Austin Avenue and Bosque Boulevard, is a historic and residential Waco neighborhood with tree-lined streets and early-20th-century architecture. The neighborhood’s character concentrates around the Austin Avenue corridor near 22nd Street, where porch-front homes meet a compact run of local storefronts and campus-day foot traffic. Cameron Park Zoo and the Cameron Park river trails set a green, outdoorsy rhythm just east of the neighborhood grid. The Texas Ranger Hall of Fame and Museum adds a distinctly Waco cultural landmark nearby. Housing reads as Craftsman bungalows and period brick homes, with deep setbacks and mature canopy. Daily life orbits around walkable blocks, park time, and downtown-bound routes.
Provided by Walk Score and Local Logic
Offer insights
2024 N 5th St · $549,000
$549K and above
75% chance or better to win
Why $549K+ is a strong offer
DAYS ON MARKET
9 days
The average home goes pending in 61 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Built-in features
Decorative lighting
Granite counters
High speed internet available
Kitchen island
Open floorplan
Pantry
Vaulted ceilings
Walk-in closets
Bedrooms
3 bedrooms
Primary bedroom on level 1 with dual sinks and walk-in closet
Bathrooms
3 full bathrooms
1 half bathroom
Kitchen
Dishwasher
Disposal
Gas range
Microwave
Refrigerator
Plumbed for gas in kitchen
Granite counters
Kitchen island
Pantry
Laundry & utility
Washer
Dryer
Gas water heater
Heating & cooling
Central heating (electric)
Central air (electric)
Ceiling fans
Exterior features
Lot roughly 50 x 150
Less than 0.5 acre lot
Sidewalks and curbs
Lighted driveway
Home design
Single family residence
One story
Residential property
Parking
Attached garage with 2 garage spaces
2 covered parking spaces
Concrete driveway
Garage door opener
Inside entrance
Construction
Composition roof
Slab foundation
Built in 2022
Utilities
City water (individual water meter)
City sewer
Electricity available and connected
Natural gas available (individual gas meter)
HOA & community
No association
Financial info
Treat as clear loan type
No second mortgage
Unexempt taxes listed
Other
Everything included in exclusions
Electricity and solar
View estimated energy costs and solar savings for this home
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 new one-story single-family home with an engineered foundation. The project includes foam insulation, continuous wood structural sheathing, and the installation of windows, doors, and smoke and carbon monoxide alarms. Replace any existing sub-standard sidewalk, curb, and gutter.
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.
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, 23 days in 30 years
6/10 Wind Factor
56% 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
95/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Waco. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2024 N 5th St
$541,247
$7,753 under list price of $549K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $159K to $399K.