3008 S 3rd Street, Waco, TX 76706
Local realty services provided by:ERA Steve Cook & Co, Realtors
Listed by: tiffanye harrell
Office: coldwell banker apex, realtors
MLS#:21178226
Source:GDAR
Price summary
- Price:$966,000
- Price per sq. ft.:$361.12
About this home
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 stools, 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.
Contact an agent
Home facts
- Year built:2023
- Listing ID #:21178226
- Added:2 day(s) ago
- Updated:February 15, 2026 at 12:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Living area:2,675 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Composition
- Year built:2023
- Building area:2,675 sq. ft.
- Lot area:0.55 Acres
Schools
- High school:University
- Middle school:Cesar Chavez
- Elementary school:South Waco
Finances and disclosures
- Price:$966,000
- Price per sq. ft.:$361.12
- Tax amount:$12,449
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