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2001 Gorman Avenue

Waco, TX 76707
  • $575,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 21166293
UPDATED: 45 min ago
$575,000
  • 7
    BEDS
  • 0.38
    ACRES
  • 5
    BATHS
  • 2
    1/2 BATHS
  • 3,284
    SQFT
  • $175
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Tracy Childress of AG Real Estate & Associates: .

Description

BACK ON THE MARKET & PRICED TO SELL!!!The Gorman House, as seen on Season 1 of Fixer Upper, offers its buyer an incredible opportunity to apply for a special permit to continue hosting a lucrative & FULLY FURNISHED short-term rental as an STR I, owner-occupied host. Generating appx 75k a year, the main home features gorgeous wood floors that grace the entirety of the living and bedroom spaces on all three floors, utilizing tile in the upstairs bathrooms. The open floorplan includes a large kitchen island, a perfect gathering spot while guests or host displays their culinary skills, in addition to the charming banquette Joanna Gaines cleverly designed for dining. Two sitting areas provide ample space for relaxation, conversation or gathering for a movie night as well as a stunning wrap-around porch for outdoor enjoyment. The elegant staircase carries guests to the second floor offering four spacious bedrooms: two with private ensuite baths & two sharing a jack-and-jill bath and plentiful storage space. The third story is a delightful attic conversion featuring a sitting area, ensuite bath, queen bed, large closet, mini-split ac & spray foam insulation insuring a very comfortable night's sleep. The guest house, renovated in 2018, consistently generates $3,000 of MONTHLY INCOME as a short-term rental, includes two bedrooms, 1.5 bath & cozy living area. The garage currently serves as a storage room conveniently providing three sets of washers & dryers to efficiently launder towels & linens. A fourth washer & dryer set serves guests in the main house utility room. Situated on a corner lot, an abundance of grass borders both houses for guests & host to uniquely enjoy. This property is truly one-of-a-kind and ideally located within 10 minutes drive to Baylor University, walking distance to Antioch Community Church & just a few miles to Magnolia Market at the Silos. MAIN HOUSE GENERATES AN AVG OF 70K ANNUALLY if you wish to reside in the smaller dwelling! WELCOME HOME!!!

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or A.G. Real Estate & Associates. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than A.G. Real Estate & Associates are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-16T19:45:21.133.
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2001 Gorman Avenue Waco, TX 76707

  • Price: $575,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 45 min ago
  • MLS #: 21166293
7
Beds
5
Baths
2
½ Baths
0.38
Acres
3,284
SQFT
$175
$/SQFT
1930
Built
Neighborhood:
Cohen
County:
Mclennan
Area:
Waco
Elementary School:
West Avenue
High School:
Waco
School District:
Waco Isd
Property Description
BACK ON THE MARKET & PRICED TO SELL!!!The Gorman House, as seen on Season 1 of Fixer Upper, offers its buyer an incredible opportunity to apply for a special permit to continue hosting a lucrative & FULLY FURNISHED short-term rental as an STR I, owner-occupied host. Generating appx 75k a year, the main home features gorgeous wood floors that grace the entirety of the living and bedroom spaces on all three floors, utilizing tile in the upstairs bathrooms. The open floorplan includes a large kitchen island, a perfect gathering spot while guests or host displays their culinary skills, in addition to the charming banquette Joanna Gaines cleverly designed for dining. Two sitting areas provide ample space for relaxation, conversation or gathering for a movie night as well as a stunning wrap-around porch for outdoor enjoyment. The elegant staircase carries guests to the second floor offering four spacious bedrooms: two with private ensuite baths & two sharing a jack-and-jill bath and plentiful storage space. The third story is a delightful attic conversion featuring a sitting area, ensuite bath, queen bed, large closet, mini-split ac & spray foam insulation insuring a very comfortable night's sleep. The guest house, renovated in 2018, consistently generates $3,000 of MONTHLY INCOME as a short-term rental, includes two bedrooms, 1.5 bath & cozy living area. The garage currently serves as a storage room conveniently providing three sets of washers & dryers to efficiently launder towels & linens. A fourth washer & dryer set serves guests in the main house utility room. Situated on a corner lot, an abundance of grass borders both houses for guests & host to uniquely enjoy. This property is truly one-of-a-kind and ideally located within 10 minutes drive to Baylor University, walking distance to Antioch Community Church & just a few miles to Magnolia Market at the Silos. MAIN HOUSE GENERATES AN AVG OF 70K ANNUALLY if you wish to reside in the smaller dwelling! WELCOME HOME!!!
Exterior Features

Carport Spaces 1 Covered Spaces 3 Exterior Features Covered Patio/PorchRain Gutters Fencing Chain LinkPartial Foundation Pillar/Post/Pier Housing Type Single Detached Parking Or Garage Attached CarportDrivewayGarage Double DoorGarage Faces FrontGarage Faces SideUnpaved Pool On Property No Roof Composition Waterfront YN No

Interior Features

Appliances Built-in Gas RangeDisposalElectric Water HeaterMicrowaveRefrigerator Attached Garage Yes Basement No Cooling Central AirElectric Dining Areas 2 Fireplace Features None Fireplaces 9 Flooring TileWood Garage Yes Handicap YN No Heating CentralElectric Interior Features Cable TV Available Living Areas 2 Rooms Living Room (1 Level) Living Room (1 Level) Bedroom-Primary (2 Level)

Property Features

Accessory Unit Type Accessory Dwelling Unit (ADU) Accessory Unit YN Yes Barns1 0 HOA None Levels Three Or More Municipal Utility District No Other Structures Guest House Possession Closing/Funding Property Attached No Property Type Single Family Residence Unexempt Taxes 10173 Utilities City SewerSewer Available Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or A.G. Real Estate & Associates. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than A.G. Real Estate & Associates are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-16T19:45:21.133.
 
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A.G. Real Estate & Associates
15190 Badger Ranch Unit 103
Waco TX, 76712
Offered by Tracy Childress of AG Real Estate & Associates: .