2609 Washington Avenue
About This Property
Originally built in the 1930s and thoughtfully restored, this charming 3-bedroom, 2-bath cottage blends historic character with elevated modern living. Just minutes from downtown Waco and Baylor University, the home sits in the highly desirable Castle Heights neighborhood and is zoned O-2, offering versatility for use as a private residence, boutique office, or short-term rental investment.
Along with its stunning design transformation, the home underwent an infrastructure refresh including major system upgrades such as a new roof, windows, updated plumbing and electrical systems, new HVAC, and insulation!
At the heart of the home, the chef's kitchen features Carrara marble countertops, custom cabinetry, and GE Profile appliances, creating an exceptional space for both everyday living and entertaining. Casement windows with a custom diamond mullion pattern frame views of the surrounding canopy, adding storybook charm.
The living room centers around a wood-burning fireplace and is framed by extraordinary 100-year-old hand-hewn reclaimed wood beams sourced from New York, a remarkable architectural feature. Original hardwood floors run throughout the home, contributing to its timeless character.
The primary suite serves as a peaceful retreat, complete with a charming reading nook. The spa-inspired bath features a stunning walk-in shower and abundant natural light, creating a serene setting.
Step outside to a spacious backyard surrounded by a privacy fence and shaded by beautiful mature pecan trees, offering endless possibilities for outdoor living or future expansion.
With its Magnolia design pedigree and prime Waco location, The Cottage on Washington represents a rare opportunity to own a piece of Waco design history.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Feb 18, 2026 | Listed by Texas Luxury and Land | $595,000 | |
| Listed by Texas Luxury and Land | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017