Opportunity awaits with this 2-bedroom, 1-bath home in Waco. Whether you’re an investor looking to add another rental to your portfolio or someone ready to put in a little work and make a home your own, this property offers plenty of potential. Currently tenant-occupied, the home also provides an opportunity for rental income from day one. With some updates and TLC, there’s plenty of room to add value and make it shine. Bring your ideas and see what this property could become! This home is one of 4 being sold and can be purchased individually or together as a package. 2114 Gorman, 2512 Colonial, 2701 Park Lake and 3400 Colcord
Single-familyProperty Type
1947Year Built
8,233 sq ftLot Size
$165Price/Sq.Ft.
2 car garageParking
Listed by Misty Bills• CENTURY 21 Judge Fite Company
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
Offer insights
3400 Colcord Ave · $150,000
$151K and above
75% chance or better to win
Why $151K+ is a strong offer
DAYS ON MARKET
17 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
Living
Interior features
One-level layout
One living area and one dining area
Built-in gas range
Bedrooms
2 bedrooms
Bathrooms
1 full bathroom
Kitchen
Built-in gas range
Exterior features
Lot less than 0.5 acre (approximately 0.189 acres)
Subdivision: Highland
GPS-capable directions
Home design
Single-family residence
Residential property
Built in 1947
Not attached to other units
Parking
Driveway
Attached 2-car garage
Construction
Year built: 1947
Utilities
City water
City sewer
No municipal utility district
HOA & community
No homeowners association
Financial info
Accepts cash and conventional financing
Other
Possession subject to lease
Electricity and solar
View estimated energy costs and solar savings for this home
The R-1B single-family residence district is intended to provide for single-family development at moderate density, where a full range of urban services can be provided. A limited range of compatible uses are also permitted either to provide services to residents or maintain low-intensity use of open land. Lot area, yard and other requirements are designed to encourage maintenance of quality residential areas in character with contemporary standards.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Single unit
Infrastructure
Educational/school
Fire house
Library
Police station
Golf related
Park & open space
Dec 12, 2022 • Final
Residential (elec)
Rebuild the electrical service.
Electrical
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
1/10 Fire Factor
Unlikely to be 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
63% 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 • 76707
Average low and high temperatures (°F)
57
37
68
45
79
56
80
62
84
65
91
75
92
74
95
75
91
69
88
62
75
53
66
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3400 Colcord Ave
$140,857
$9,143 under list price of $150K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $120K to $185K.