Exceptional redevelopment or investment opportunity in a convenient central Waco location. This unique 1.88± acre property features three buildings, including a 5,900+ SF main building and two additional buildings of just under 1,000 SF each. With 10+ parking spaces and highly desirable, flexible O-2 zoning, the possibilities are endless for office, medical, residential conversion, or future redevelopment (buyer to verify permitted uses). Utilities are available, and the property’s prime location offers quick access to major roads, making it an outstanding opportunity for investors, developers, or owner-users.
Heart of Texas, located between the Brazos River and Lake Waco, is a historic and civic Waco neighborhood with riverfront trails and landmark institutions. The neighborhood’s character concentrates around the Austin Avenue & 5th Street corridor downtown, where coffee counters, galleries, and independent storefronts keep sidewalks active. The Dr Pepper Museum, Waco Hippodrome Theatre, and the Waco Mammoth National Monument serve as cultural pillars with a distinctly local point of view. Brick commercial blocks and restored early-20th-century facades set an urban tone, while nearby greenways soften the edges. Baylor University and the river bridges shape daily rhythms with steady foot traffic and event nights. Parks and museums anchor a walkable loop from downtown to the water.
Provided by Walk Score and Local Logic
Market insights
2323 N 39th St · $327,000
DAYS ON MARKET
72 days
The average home goes pending in 62 days.
SALE-TO-LIST
97.5%
Most homes are selling 3% below list price.
LIST PRICE
$327,000
Median sale price in this area is $293,986. (10% lower than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Other interior features
Bedrooms
5 bedrooms
Bathrooms
3 full bathrooms
Kitchen
Electric oven
Laundry & utility
Accessory unit present
Flooring
Tile
Vinyl
Wood
Heating & cooling
Central heating
Central air conditioning
Exterior features
Circular driveway
Additional on-site parking
Landscaped lot on 1.876 acres
Home design
Multi-family residential income property
One level
Accessory unit included
Parking
10 parking spaces
Covered spaces not provided
Construction
Brick construction
Composition roof
Pillar/post/pier and slab foundation
Built in 1946
Utilities
City water
City sewer
Not in a municipal utility district
HOA & community
No association
Financial info
3 buildings with 3 total units
Unit count listed as 2
Gross annual income and expenses not reported
Other
Property categorized as Residential Income, Multi Family
Electricity and solar
View estimated energy costs and solar savings for this home