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.
For sale
Price cut: $199K (4/30)
$1,399,000
602 & 606 S 8th St, Waco, TX 76706
6beds
4,264sqft
Multi Family
Built in 2022
-- sqft lot
$1,274,500 Zestimate®
$328/sqft
$-- HOA
What's special
Washers and dryersTwo spacious brownstone-style retreats
- 121 days |
- 301 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Blaire Mooney 0526291 254-218-5940,
Magnolia Realty 254-218-5940
Source: NTREIS,MLS#: 21192983
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Features
- Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, Kitchen Island, Multiple Master Suites, Open Floorplan, Walk-In Closet(s)
- Flooring: Concrete
- Has basement: No
Interior area
- Total structure area: 4,264
- Total interior livable area: 4,264 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, Electric Gate
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.36 Acres
Details
- Parcel number: 480003070001000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Security: Security Gate
- Subdivision: Adams & Ames Add
HOA
- Has HOA: No
Location
- Region: Waco
Financial & listing details
- Price per square foot: $328/sqft
- Annual tax amount: $8,207
- Date on market: 3/2/2026
- Cumulative days on market: 122 days
- Exclusions: See exclusion lists in Transaction Desk
Estimated market value
$1,274,500
$1.21M - $1.34M
$2,163/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Price change | $1,399,000-12.5%$328/sqft |
Source: NTREIS #21192983 Report a problem | ||
| 3/2/2026 | Listed for sale | $1,598,000$375/sqft |
Source: NTREIS #21192983 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 3/10West Avenue Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 1/10G W Carver MiddleGrades: 6-8Distance: 2 mi
- 3/10Waco High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: West Avenue
- Middle: Cesar Chavez
- High: University
- District: Waco ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- McLennan County
- Waco
- 76706
- Downtown
- 602 & 606 S 8th St





