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Two-Home Short-Term Rental Property
For Sale
$1,399,000

602-606 S 8th Street, Waco, TX 76706

ResidentialIncome, Waco, TX

Property Size4,264 SF
Lot Size0.36 Acres
Price / SF$328.10
Days on Market138

Property Features for 602-606 S 8th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 8
Full bathrooms 6
Half bathrooms 2
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 6, Bathroom 8, Bedroom 6, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1
Parking 6
Security features Security
Interior features DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, KitchenIsland, MultipleMasterSuites, OpenFloorplan, WalkInClosets
Appliances Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision Adams & Ames Add
Elementary school West Avenue
Middle school Cesar Chavez
High school University
Elementary school district Waco ISD
Middle school district Waco ISD
High school district Waco ISD
Directions Houses are at the corner of 8th and Clay in downtown Waco.
Standard status Active
APN 480003070001000
Size 4,264 SF
Lot size 0.36 Acres

Taxes and HOA fees

Tax Description ADAMS & AMES LOT 2 BLOCK 1 ACRES 0.178
Tax Annual Amount 8207
Legal Description ADAMS & AMES LOT 2 BLOCK 1 ACRES 0.178

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Electric, Central Air, Ceiling Fan(s)
Water source Public

Amenities

spa-style bathrooms
en suite bathrooms
fully stocked kitchens
washers and dryers

Building Details

Year built 2022
Floors in Building 2
Number of units 2
Flooring type Concrete
Building materials Brick
Roof type Composition
Listing Agency: Magnolia Realty
Listed By: Blaire Mooney · License #0526291
Added: Apr 30 Changed: Sep 14 Last Checked: Sep 14 at 4:06AM
MLS# 21192983

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2022 property includes two brownstone-style residences totaling 4,264 square feet on 0.356 acres. Each home accommodates 7 people and offers open living, kitchen, and dining areas, a downstairs primary suite, spa-style bathrooms, and an en suite bathroom for every bedroom. Kitchens include granite counters, islands, electric ranges, refrigerators, microwaves, dishwashers, disposals, and electric water heaters. Washers and dryers, walk-in closets, designer lighting, curated furnishings, and decor support longer guest stays. Central electric heating and cooling serve both homes.

The property is at 602-606 S 8th Street in downtown Waco, within walking distance of Magnolia Market at the Silos and minutes from Baylor University. Cameron Park and the downtown area are also nearby. O-2 zoning in the Silo District is identified for short-term rental use without restrictions in the provided property information. Public water and sewer serve the property, which has brick construction, concrete flooring, and composition roofing.

Key Highlights

  • Two brownstone‑style residences totaling 4,264 square feet
  • Built in 2022 on a 0.356‑acre parcel
  • O‑2 zoning in the Silo District with no stated short‑term rental restrictions

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Catering Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,853
Businesses Nearby

Demographics for 76706, TX

39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Two furnished residences feature open living areas, private bedroom suites, and kitchens equipped for extended stays.
Where is this short term rental property located?
The property is located at 602-606 S 8th Street Waco, TX.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two brownstone‑style residences totaling 4,264 square feet; Built in 2022 on a 0.356‑acre parcel; O‑2 zoning in the Silo District with no stated short‑term rental restrictions
More about this property
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