Active Listing  ·  33 days on market

1508 S Walnut St

Georgetown, TX 78626
$389,900
1 Bed 1 Bath 1,068 sqft $365/sqft Built 1960 0.15 acres Pool Hughes Add

Old Town Charm, Steps from the Square

Minutes from Georgetown's Historic Square and Southwestern University, this Old Town bungalow puts you right in the heart of it all — classic charm, thoughtful updates, and a layout that works beautifully for everyday living.

The kitchen is full of personality: cheerful vintage periwinkle cabinets, a gas range, generous counter space, and a sunlit breakfast nook tucked into a corner window that fills the room with natural light all day long. A separate dining area off the living room adds wonderful flexibility — perfect for dinner parties, a cozy reading lounge, or whatever fits your lifestyle best.

The bedroom is a true retreat, featuring a striking vaulted ceiling and two closets for excellent storage. The full bath has been beautifully updated with new tile and a walk-in shower. And with the roof, plumbing, HVAC, and water heater all recently updated, this home offers true peace of mind — the big-ticket items are already taken care of.

Connected by a charming breezeway, the detached bonus building adds even more versatility, with laundry plus a spacious flex room ideal for an office, studio, home gym, or hobby space. Outside, the fully fenced backyard offers plenty of room to relax, garden, play, or expand your outdoor living, complete with a storage shed and covered carport for added convenience.

And the location? It speaks for itself. Walk to the Square's beloved restaurants and cafes, San Gabriel Park, and scenic neighborhood trails. This is a rare, turn-key opportunity in one of Georgetown's most walkable and sought-after pockets — Old Town charm paired with modern peace of mind. Schedule your showing today!

At $365/sqft, this home is priced 61% above the Georgetown active market average of $227/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1508 S Walnut St, Georgetown, TX 78626

Property Details

Price $389,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,068 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hughes Add
County Williamson
Zip Code 78626
$/sqft $365/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238405682
List Date July 2, 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.

Schedule a Call →

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
300 San Gabriel Village Blvd #521
Village Park Condo Amd
$379,000 $284 2 bd / 2 ba 1,333 sqft , 2026-02-03
124 Kimberwick Ct
Sun City Texas
$369,990 $274 2 bd / 2 ba 1,350 sqft , 2025-12-10
2007 S Church St
Southside Add
$365,000 $376 2 bd / 2 ba 972 sqft , 2026-04-16
408 Yorktown St
Sun City Nbrhd 69
$363,950 $262 2 bd / 2 ba 1,389 sqft , 2026-07-27
121 Winterhorse Cv
Sun City
$362,500 $261 2 bd / 2 ba 1,391 sqft , 2026-05-11

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
$1,872/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$77,980
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (~2.1% TX avg)−$682
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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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