2217 Washington Avenue
About This Property
Adding flexibility, the property includes a two-car garage topped by a finished ~300 sq ft apartment with a bath and sink-ideal as a guest suite, office, gym, or rentable STR studio. Every corner of the main home tells a story, with playful textures, preserved original trim and doors, and thoughtful design choices that honor its heritage while adding modern sophistication. The curb appeal is undeniable-lush landscaping, striking navy exterior, and a stained front porch that feels both welcoming and private. Inside, a seamless open flow is anchored by hand-cut white-oak floors, new windows, and custom built-ins throughout. The living room centers around a gas fireplace framed by detailed millwork and light-filled windows with plantation shutters. The kitchen is a showpiece, featuring Jenn-Air appliances, gas range with pot filler, hidden pantry, farmhouse sink, and custom vent hood. The primary suite offers a wall of built-ins and a serene retreat feel, while the second downstairs bedroom and bath add flexibility. Upstairs, two oversized bedrooms share a Jack-and-Jill bath and a cozy loft, while a charming built-in play nook hides under the stairs. Out back, a breezeway leads to one of Waco's most impressive outdoor living areas-a true game-day dream. With pine-clad ceilings, dual swings, a mounted TV, and a full outdoor kitchen featuring a built-in smoker, grill, griddle, mini fridge, and sink, it's built for entertaining. The yard also includes a dog run, ivy-covered pergola, and gated parking with alley access. In the desirable Uptown neighborhood, it's walkable to coffee shops and retail, with a new grocery and park coming soon - a private retreat in the heart of Waco.
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2025 | Listed by EG Realty | $599,900 | |
| Listed by EG Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017