Active Listing  ·  7 days on market

1602 Southwestern Blvd

Georgetown, TX 78626
$349,999
4 Bed 2 Bath 1,342 sqft $261/sqft Built 1995 0.22 acres 2-Car Garage Pool University Park Sec 1

Great location in University Park, directly across Southwestern Blvd from open greenspace/drainage and just minutes from Southwestern University, downtown Georgetown and the Square. This single-story 4-bedroom, 2-bath home offers 1,342 square feet on a .22-acre lot with a practical layout and no interior steps. The living room features a corner fireplace and opens to the dining and kitchen area, with gas cooking and stainless appliances. The primary bedroom has an ensuite bath, while three additional bedrooms give you flexibility for guests, an office or hobbies.

Outside, the fenced backyard offers plenty of room to relax, entertain or make it your own, along with an attached two-car garage. One of the best features is the setting: instead of looking directly at another row of homes, the property sits across from a wide open green area that gives the front of the home a more open feel.

Convenient to University Ave/Hwy 29, SH 130 and I-35, with Southwestern University, downtown Georgetown, restaurants, shopping, parks and trails all nearby. No HOA. A well-located home in an established central Georgetown neighborhood with a hard-to-find open-space setting right across the street.

At $261/sqft, this home is priced 14% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1602 Southwestern Blvd, Georgetown, TX 78626

Property Details

Price $349,999
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,342 sqft
Lot Size 0.22 acres (9,539.64 sqft)
Year Built 1995
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Park Sec 1
County Williamson
Zip Code 78626
$/sqft $261/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,093.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248589435
List Date October 1, 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
1909 S Pine St
Coffee Add
$349,995 $280 3 bd / 3 ba 1,248 sqft , 2026-05-07
2020 Cliffbrake Way
Carlson Place
$320,000 $189 3 bd / 2 ba 1,689 sqft , 2026-09-06
1802 University Ave
University Terrace
$380,000 $246 4 bd / 3 ba 1,544 sqft , 2026-02-22
509 Gabriels Bluff Dr
Riverhill
$319,000 $193 4 bd / 2 ba 1,649 sqft , 2026-08-10
1105 E 17th St
OUTLOT DIVISION
$385,000 $215 3 bd / 2 ba 1,789 sqft , 2026-01-05

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 3, 2026.

📞 (254) 718-2567 [email protected] More about Luke →