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2001 Gorman Ave
Waco, Tx 76707

Price: $575,000
Property Type: residential
MLS #: 21166293
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!!!
Area: Mclennan
Year Built: 1930
Bedrooms: Six+
Bathrooms: Four+
1/2 Bathrooms: 2
Garage: 2
Acres: 0.3788
Virtual Tour: Click here to view
Exterior Features : Covered Patio/Porch
Exterior Features : Rain Gutters
Fireplace Features : None
Flooring : Tile
Flooring : Wood
Foundation Details : Pillar/Post/Pier
Heating : Central
Heating : Electric
Interior Features : Cable TV Available
Structural Style : Single Detached
Utilities : City Sewer
Utilities : Sewer Available

Courtesy: Tracy Childress • AG Real Estate & Associates •

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This content last refreshed on 06/13/2026 04:00 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.