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1208 N 15th Street
About This Property
The beautifully renovated kitchen is designed for both everyday living and entertaining, complete with a gas range, farmhouse sink, stainless steel appliances, and abundant workspace. The generous primary suite offers a true retreat with dual vanities, stunning custom tile work, a freestanding soaking tub, a walk-in tiled shower, and a spacious walk-in closet. Three additional bedrooms provide flexibility for family, guests, or a home office.
Outside, enjoy a two-car garage, back patio perfect for relaxing and a fully fenced backyard offering both privacy and space to unwind.
Currently operating as a successful short-term rental, this property is zoned O-3, which under current City of Waco regulations allows a new owner to obtain a short-term rental permit without the spacing restrictions that apply in many other areas-making it a rare investment opportunity.
Situated in one of Waco's fastest-growing areas, you'll be just a short walk from a neighborhood cafe, grocery market, and coffee shop, while downtown Waco and the Magnolia Silos are only five minutes away. Whether you're looking for your next home or a turnkey investment property, this home offers the best of both worlds.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by EG Realty | $379,000 | |
| Listed by EG Realty | |||
| Jan 31, 2023 | No longer available | - | |
| No longer available | |||
| Jan 24, 2023 | Listed by Bentwood Realty, LLC | $349,900 | |
| Listed by Bentwood Realty, LLC | |||
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Beautiful 4 bedroom, 2.5 bath home with lovely Formal Dining room with a large feature window and easy kitchen access. The large Den welcomes you with natural light, tall ceilings and wood style laminate flooring. If you love to cook, you will find this highly large open, bright and well-designed kitchen a dream. It Features gas cook top, double oven, lots of storage space, eat at bar and separate pantry all overlooking the Breakfast area. The Primary bedroom is on the first floor with 3 full size bedrooms upstairs. This home is located in a wonderful neighborhood that is realizing a revitalization due to it's proximity to Downtown Waco. Weekends can be spent walking down the street to enjoy lunch at World Cup Cafe, grocery shopping at Jubilee Food Mart and desert at Helados La Azteca. This home is a must see! The manager has listed the unit size as 2072 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017