Listing provided courtesy of Magnolia Realty- MLS# 21192983MLS ProviderContact Information: Blaire Mooney - 254-218-5940

602-606 S 8th StreetWaco, TX 76706

Multi-Family · 6 Beds · 6 Full Baths · 2 Half Baths · 4,264 Sq. ft. | 0.36 Acres
$1,399,000 Active

602-606 S 8th Street Overview

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Positioned in the heart of downtown Waco, this is a rare opportunity to own two top-performing short-term rentals in one of the city’s most sought-after districts. Located within walking distance to Magnolia Market at the Silos and just minutes from Baylor University, The Armstrong and Fitzgerald consistently attract Baylor families, game-day visitors, and weekend travelers year-round. What truly sets this property apart is its coveted O-2 zoning in the Silo District with no restrictions on short-term rental use — a rare and highly desirable designation that protects and enhances its long-term investment value. The homes are active, professionally operated, top-performing STRs with proven income history, offering investors immediate cash flow and seamless operational continuity from day one. Blocks from the Silos and moments from downtown Waco and Cameron Park, the location delivers the walkability and convenience today’s guests demand. The property consists of two spacious brownstone-style retreats designed for both comfort and an elevated guest experience. This peaceful getaway features expansive living, kitchen, and dining spaces ideal for hosting and gathering. The homes each comfortably accommodate 7 people — or guests can reserve both properties for larger groups. Additional amenities include: • Downstairs primary suites with luxurious spa-style bathrooms • En suite bathrooms for every bedroom • Fully stocked kitchens designed for extended stays • Washers and dryers • Thoughtfully curated furnishings and décor Turnkey, income-producing, and strategically located in one of Waco’s most dynamic growth corridors, The Armstrong and Fitzgerald represent a premier investment opportunity in a thriving short-term rental market.

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602-606 S 8th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,264
  • Price/Sq.ft. $328
  • Lot 0.36 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Waco ISD
  • Elementary School: West Avenue
  • Middle Or Junior School: Cesar Chavez
  • High School: University

Income/Expenses

  • Gross Income: 137000.0
  • Insurance Expense: 4500.0
  • Net Operating Income: 24000.0

Building Information

  • Year Built: 2022
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: McLennan
  • Postal City: WACO
  • Subdivision Name: Adams & Ames Add

Tax Information

  • Tax Annual Amount: 8207.0

General Information

  • Exclusions: See exclusion lists in Transaction Desk
  • Parcel Number: 480003070001000
  • Property Type: Residential Income
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 2
  • Bathrooms Total: 8
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 4264.0

General Information

  • Appliances: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Refrigerator,Washer
  • Basement: No
  • Flooring: Concrete
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Granite Counters,Kitchen Island,Multiple Master Suites,Open Floorplan,Walk-In Closet(s)
  • Levels: Two
  • Living Area: 4264.0
  • Security Features: Security Gate
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Additional Parking,Electric Gate
  • Parking Total: 6.0

Lot Information

  • Lot Size Acres: 0.356
  • Lot Size Area: 0.356
  • Lot Size Square Feet: 15507.36
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

General Information

  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

602-606 S 8th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

602-606 S 8th Street Market Data

Based on the last 30 days in this zip code

$363,808
Average List Price
$204
Average Price per Square Foot
28
Properties Sold
129
Average Days on Market
240
Properties for Sale
Calculations provided by Reliance Network


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