About This Home

This 3-bedroom, 1.5-bath home is centrally situated in the heart of Georgetown. The property features a spacious backyard with fenced areas, a storage shed, and a 10x12 workshop equipped with electricity and a window unit. Enjoy a large covered back patio ideal for outdoor living. Updates include a new HVAC system installed in 2023, shingles replaced in 2025, a tankless water heater added in 2020, and a Samsung oven with air fryer and convection functions installed in 2022, compatible with both electric and gas hookups. The attic boasts 18 inches of blown-in insulation. This property is being sold as is.

At $213/sqft, this home is 7% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1704 S Walnut St, Georgetown, TX 78626

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Property Details

Price $249,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths 1

Living Area 1,169 sqft

Lot Size 0.15 acres (6,534 sqft)

Year Built 1984

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Eidman Add

County Williamson

Zip Code 78626

$/sqft $213/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $4,898.96

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT226085664

List Date April 13, 2026

Elementary School Annie Purl

Middle School James Tippit

High School East View

School District ,

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 13, 2026 $297,000

Previous ask $275,000

Current ask $249,000

▼ Reduced $48,000 (-16.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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 $249,000 $237 3 bd / 2 ba 1,050 sqft , 2026-06-05

1405 E 16th St E
Nolen Add $255,500 $186 2 bd / 1 ba 1,376 sqft , 2026-07-31

2408 McCook Dr
University Park $270,000 $217 3 bd / 2 ba 1,243 sqft , 2026-09-10

607 E 19th St
Lord Add $225,000 $257 2 bd / 1 ba 875 sqft , 2026-09-05

457 High Tech Dr #7F
Old Mill Crossing $284,999 $195 3 bd / 2 ba 1,459 sqft , 2026-06-24

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

$1,195/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

$49,800

20% conventional investment loan

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

Estimated Gross Rent+$1,195

Principal + Interest−$1,359

Property Tax (~2.1% TX avg)−$436

Insurance (~0.5%)−$104

Est. Monthly Cash Flow $-704

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 →

About the Author

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 August 13, 2026.

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

1704 S Walnut St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

1704 S Walnut St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate