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 $343/sqft, this home is priced 51% 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

202 Forest St, Georgetown, TX 78626

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Property Details

Price $300,000

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 $343/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 →

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

2120 Leander St
Lansdale 2 $305,000 $319 2 bd / 1 ba 956 sqft , 2026-06-13

116 Harness Ln
Neighborhood 11 Ph 02-A $307,500 $267 2 bd / 2 ba 1,153 sqft , 2026-07-31

1205 S Church St
Cody Add $310,000 $276 3 bd / 2 ba 1,124 sqft , 2026-06-10

272 Red Poppy Trl
Sun City Texas $282,000 $245 2 bd / 2 ba 1,153 sqft , 2025-08-22

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

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

$1,440/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

$60,000

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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 →

202 Forest St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

202 Forest St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate