Active Listing  ·  15 days on market

515 E 8th St

Georgetown, TX 78626
$675,000
3 Bed 2 Bath 2,189 sqft $308/sqft Built 1880 0.43 acres 2-Car Garage Pool Glasscock Add

The PERFECT blend of historic charm and modern convenience in downtown Georgetown! This home has amazing space and can serve every need! Make it your stately 3-bed/2-bath residence *OR* a 2-bed/1-bath residence with secondary 1-bed/1-bath apartment with private kitchenette, laundry, and living room for rental (incl. STR/Airbnb), multi-gen living, or office suite. Nearly a half-acre lot, including fenced backyard, raised garden beds, firepit area, and large back patio. 2-car detached garage offers storage space. Across from park and playground, just 3 blocks from Georgetown's charming square with dining, entertainment, and shopping. Or 1/2 mile to Southwestern Campus and San Gabriel River trail & parks. Seller is open to including furnishings with a full-price offer. Enjoy the full Georgetown experience!

At $308/sqft, this home is priced 34% 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

515 E 8th St, Georgetown, TX 78626

Property Details

Price $675,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,189 sqft
Lot Size 0.43 acres (18,861.48 sqft)
Year Built 1880
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Glasscock Add
County Williamson
Zip Code 78626
$/sqft $308/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,292.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246141396
List Date September 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.

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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
1905 S College St
Wg Lord Add
$699,000 $291 4 bd / 3 ba 2,401 sqft , 2025-12-27
810 E University Ave
Snyder Add
$700,000 $382 3 bd / 3 ba 1,832 sqft , 2025-06-18
1902 E 18th St
East Lynn Add
$608,000 $250 4 bd / 3 ba 2,432 sqft , 2026-03-16
608 N Church St
North Georgetown Add
$750,000 $372 4 bd / 4 ba 2,016 sqft , 2026-08-12
601 W 17th St
Division A Harts Add
$585,000 $256 3 bd / 3 ba 2,289 sqft , 2026-09-03

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 September 13, 2026.

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