Active Listing  ·  118 days on market

505 E 8th St

Georgetown, TX 78626
$495,000
2 Bed 1 Bath 1,299 sqft $381/sqft Built 1910 0.21 acres 2-Car Garage Pool Glasscock Add

Welcome to 505 E 8th St - where historic charm meets downtown walkability in the heart of Georgetown! Nestled just steps from Edwards Park and a leisurely stroll to the best of Downtown Georgetown, this home offers the ultimate small-town lifestyle.

Imagine waking up and heading out to a historic downtown that’s brimming with life. From quaint cafés and cozy coffee shops to casual eateries, fine dining, gastropubs, pizzerias, and chic wine and cocktail bars, the options are endless - and all just a short stroll from your front door. Craving a little outdoor adventure? The San Gabriel Trail and Blue Hole Park are practically in your backyard, offering scenic escapes, outdoor exercise, and summer fun for nature lovers.

But this isn't just about a house—it’s about community. Downtown Georgetown is known for its friendly, welcoming vibe and calendar packed with local events. Farmers markets, small business showcase days, antique car shows, Music on the Square, and lively festivals are all just steps away. Here, you can truly enjoy the charm of a tight-knit community without the hustle and bustle of Austin, which is still within short reach when desired!

Whether you’re sipping coffee on your front porch or strolling through the historic streets, this home isn’t just a place to live - it’s your gateway to a lifestyle filled with convenience, connection, and fun. The home itself has great potential - it’s a Historical home, and is being sold AS IS.

**Property is located within a designated historic district and is subject to regulations by the Georgetown Historic & Architectural Review Commission. Buyer to independently verify all historic district restrictions and approval requirements.**

At $381/sqft, this home is priced 68% 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

505 E 8th St, Georgetown, TX 78626

Property Details

Price $495,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,299 sqft
Lot Size 0.21 acres (9,060.48 sqft)
Year Built 1910
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Glasscock Add
County Williamson
Zip Code 78626
$/sqft $381/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,617.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224387036
List Date April 8, 2026
Elementary School Annie Purl
Middle School Charles A Forbes
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
312 W 10th St
Lost Add
$495,000 $367 2 bd / 2 ba 1,349 sqft , 2026-06-05
304 Painted Sunset Dr
Wolf Ranch West Ph 4 Sec 6
$484,500 $302 3 bd / 2 ba 1,606 sqft , 2026-03-11
6843 S Lakewood Dr
Lakewood Estates
$474,990 $283 3 bd / 2 ba 1,680 sqft , 2026-08-01
2303 Dawn Dr
Williams Add
$519,900 $317 3 bd / 2 ba 1,640 sqft , 2026-03-28
107 Stacey Ln
River Bend 05 Ph 03
$465,000 $290 3 bd / 2 ba 1,606 sqft , 2026-04-13

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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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