602-606 S 8th StreetWaco, TX 76706

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2022

Living area

4,264 Sq Ft

Lot size

0.36 acres

Parking spaces

6

Days on market

256

MLS^® Listing#

21192983

Property Features

Interior

Eat-in Kitchen · Granite Counters · Kitchen Island · Open Floorplan · Walk-In Closet(s)

Appliances

Dishwasher · Disposal · Dryer · Electric Range · Electric Water Heater · Microwave · Refrigerator · Washer

Cooling

Ceiling Fan(s) · Central Air · Electric

Heating

Central · Electric

Flooring

Concrete

Parking

Additional Parking · Electric Gate

Construction

Brick

Foundation

Slab

Roof

Composition

Security

Security Gate

Sewer

Public Sewer

Water source

Public

Schools

Elementary

West Avenue

Middle

Cesar Chavez

High

University

District

Waco ISD

Financial Details

Annual taxes

$8,207

Parcel number

480003070001000

Directions

Houses are at the corner of 8th and Clay in downtown Waco.