Active Listing  ·  4 days on market

1405 E 16th St E

Georgetown, TX 78626
$255,500
2 Bed 1 Bath 1,376 sqft $186/sqft Built 1960 0.28 acres 2-Car Garage Pool Nolen Add

This Circa 1960 property is located in the Georgetown Historic District. One story, mid-century home has 2 bedrooms, 1 bath, spacious living room open to breakfast area. The kitchen has vintage cabinetry with built-in shelving for open hutch. Another living area can flex as a formal dining room with wainscot and stenciled wood flooring. Two garage with shelving and connections for washer and dryer. Beautiful lot with climbing roses, towering trees, and manicured lawn. It is an AS IS property requiring extensive rehabilitation to concrete perimeter foundation with interior beams and the interior. Some rehab has begun. Potential to own property within the Historic District close to the gorgeous and vibrant downtown square of historic Georgetown and Southwestern University. ****Check out the virtual tour with AI generated illustration of what the property could look like with rehabilitation.****

At $186/sqft, this home is 18% below the Georgetown active market average of $227/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1405 E 16th St E, Georgetown, TX 78626

Property Details

Price $255,500
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,376 sqft
Lot Size 0.28 acres (12,196.8 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Nolen Add
County Williamson
Zip Code 78626
$/sqft $186/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,257.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241817450
List Date July 31, 2026
Elementary School Annie Purl
Middle School James Tippit
High School East View
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1204 Southwalk St
Smith Branch Park
$254,900 $243 3 bd / 2 ba 1,050 sqft , 2026-06-05
905 W 10th St
South San Gabriel Urban Renewal Blk G
$259,000 $262 2 bd / 1 ba 988 sqft , 2026-06-06
419 White Steppe Way #58
Saddlecreek Condos
$259,000 $184 3 bd / 3 ba 1,406 sqft , 2026-07-09
102 Whitewing Way
Sun City Georgetown Ph 02 Nbrh
$259,000 $239 2 bd / 2 ba 1,085 sqft , 2026-07-16
104 Honey Creek Trl
Sun City Georgetown Neighborhood 24B Pud
$249,900 $179 2 bd / 2 ba 1,397 sqft , 2026-04-04

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,226/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$51,100
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,226
Principal + Interest−$1,394
Property Tax (~2.1% TX avg)−$447
Insurance (~0.5%)−$106
Est. Monthly Cash Flow $-721

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

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