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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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602-606 S 8th St , Waco, TX 76706
$1,399,000
Est. Payment: $7,202.66/mo
6 Bed
7 Bath
4264 Sqft
Status: active | Days on site: 175
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Blaire Mooney , Magnolia Realty , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
0.36

Year Built

2022

County

McLennan

Neighborhood

Adams & Ames Add

School District

Waco ISD

Listing ID

21192983

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:7
  • Full Bathrooms:6
  • 1/2 Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:
Floor:Concrete
Other:
  • Additional:Decorative Lighting, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Walk-In Closet(s), Second Primary Bedroom

Exterior Features

Garage Capacity:6
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Additional Parking,Electric Gate
Principal Interest
$7,203
Taxes
$684

Home Price

$1,399,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$279,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,202.66

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,202.66 $683.92 $0.00 $7,886.58
Yearly $86,431.91 $8,207.00 $0.00 $94,638.91
Total $2,592,957.44 $246,210.00 $0.00 $2,839,167.44

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Waco, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

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