About This Home

Opportunity awaits with this 3-bedroom, 1-bath home situated on a spacious quarter-acre lot overlooking the city. Nestled among large, mature trees, the property offers plenty of outdoor space for gardening, entertaining, or future expansion. This property is ready for your vision and updates to make it truly shine.

Whether you're an investor, renovator, or buyer, this is a rare chance to secure a view property on a generous lot in a near the square in Georgetown. Bring your ideas and unlock the possibilities!

At $326/sqft, this home is priced 42% above the Georgetown active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

202 Forest St, Georgetown, TX 78626

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $285,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 875 sqft

Lot Size 0.25 acres (10,920.49 sqft)

Year Built 1960

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision South San Gabriel Urban Renewal Blk O

County Williamson

Zip Code 78626

$/sqft $326/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,008.25

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT219011705

List Date February 13, 2026

Elementary School Annie Purl

Middle School Charles A Forbes

High School East View

School District ,

Have Questions About This Property?

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 →

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 · February 13, 2026 $335,000

Previous ask $300,000

Current ask $285,000

▼ Reduced $50,000 (-14.9%) 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

806 E 4th St
Shell Add $289,900 $261 2 bd / 1 ba 1,110 sqft , 2026-09-10

1604 S PINE St
EIDMAN ADDN $280,000 $385 2 bd / 1 ba 728 sqft , 2026-04-01

1205 S Church St
Cody Add $299,000 $266 3 bd / 2 ba 1,124 sqft , 2026-06-10

407 W 3rd St
South San Gabriel Urban Renewal Blk O $299,900 $351 3 bd / 1 ba 855 sqft , 2026-09-16

1001 W 17th St
South San Gabriel Urban Renewal Blk E $315,000 $310 3 bd / 1 ba 1,017 sqft , 2026-08-14

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

$1,368/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

$57,000

20% conventional investment loan

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

Estimated Gross Rent+$1,368

Principal + Interest−$1,555

Property Tax (~2.1% TX avg)−$499

Insurance (~0.5%)−$119

Est. Monthly Cash Flow $-805

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 September 14, 2026.

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

202 Forest 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

202 Forest 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