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602-606 S 8th Street

Waco, TX 76706
  • $1,598,000
  • STATUS: Active
  • ID#: 21192983
$1,598,000
  • 6
    BEDS
  • 0.36
    ACRES
  • 6
    BATHS
  • 2
    1/2 BATHS
  • 4,264
    SQFT
  • $375
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Blaire Mooney of Magnolia Realty: 254-218-5940.

Description

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 décorTurnkey, 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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© 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 Oaks of Texas Real Estate. 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 Oaks of Texas Real Estate 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 2026-03-09T23:42:25.107.
www.oaksoftexasrealestate.com/homes/173600529
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602-606 S 8th Street Waco, TX 76706

  • Price: $1,598,000
  • Status: Active
  • On Site: Days
  • ID#: 21192983
6
Beds
6
Baths
2
½ Baths
0.36
Acres
4,264
SQFT
$375
$/SQFT
2022
Built
Neighborhood:
Adams & Ames Add
County:
Mclennan
Area:
Waco
Elementary School:
West Avenue
High School:
University
School District:
Waco Isd
Property Description
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 décorTurnkey, 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.
Exterior Features

Construction Brick Foundation Slab Parking Or Garage Additional ParkingElectric Gate Parking Spaces 6 Pool On Property No Roof Composition Waterfront YN No

Interior Features

Appliances DishwasherDisposalDryerElectric RangeElectric Water HeaterMicrowaveRefrigeratorWasher Basement No Cooling Ceiling Fan(s)Central AirElectric Flooring Concrete Handicap YN No Heating CentralElectric Interior Features Decorative LightingEat-in KitchenGranite CountersKitchen IslandOpen FloorplanWalk-In Closet(s)Second Primary Bedroom

Property Features

Accessory Unit YN No Alarm Or Security Type Security Gate Building Area Source Assessor Building Area Total 4264.00 Complex Name Armstrong & Fitzgerald Construction Status Preowned Exclusions See exclusion lists in Transaction Desk Gross Annual Expenses 113000.00 Gross Annual Income 137000.00 HOA None Insurance Expense 4500 Levels Two Municipal Utility District No Net Operation Income 24000 Possession Closing/Funding Property Type Multiple Single Units Senior Community No Unexempt Taxes 8207 Utilities City SewerCity Water 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 Oaks of Texas Real Estate. 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 Oaks of Texas Real Estate 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 2026-03-09T23:42:25.107.
 
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Oaks of Texas Real Estate
3311 Breakers Cv
Belton TX, 76513
Offered by Blaire Mooney of Magnolia Realty: 254-218-5940.