701 S 9th Street
About This Property
Prime location meets major potential! This 3-bedroom, 2-bath home sits just outside the Silo District in downtown Waco. The property has been red-tagged and is in poor condition, making it an excellent opportunity for investors looking for a full renovation project or an ideal lot to start fresh on.
Surrounded by beautifully renovated homes and thriving STRs, the location is perfectly positioned to capture Waco's booming tourism and rental market. Whether you're planning a flip, new construction, or income-generating Airbnb, this property offers unmatched potential.
The property sells as-is and includes alley access with a generously sized lot-ready for your vision.
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Listed by BK Real Estate | $144,000 | |
| Listed by BK Real Estate | |||
| Feb 6, 2025 | Listed by BK Real Estate | $300,000 | |
| Listed by BK Real Estate | |||
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Investment Opportunity in the Heart of Downtown Waco - Silo District
Discover this charming 3-bedroom, 2-bathroom property, ideally located in the vibrant Silo District of downtown Waco. Just steps away from the world-famous Magnolia Market and The Silos, this home offers exceptional income potential—whether you're looking to flip or hold as a Short-Term Rental (STR), Airbnb, or vacation home.
Nestled among fully renovated homes and STRs, this property is perfectly situated for those seeking to tap into the booming downtown tourism market. The home features spacious living areas, with original hardwood floors and unique character throughout, making it a standout opportunity in this high-demand location. Whether you're an investor or a homeowner with a vision, the potential here is unmatched.
With a prime location and proximity to all the attractions, restaurants, and shops that downtown Waco has to offer, this property is primed for a transformative renovation. The sizable backyard offers room for outdoor living, and with alley access, there’s plenty of space to add additional features or amenities.
This is an as-is sale, offering flexibility for your plans—be it flipping for profit or holding as an income-generating rental. Don't miss your chance to invest in a piece of Waco's rapidly growing landscape!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017