Active Listing  ·  19 days on market

602 E 2nd St

Georgetown, TX 78626
$349,000
3 Bed 1 Bath 1,220 sqft $286/sqft Built 1965 0.33 acres 2-Car Garage Pool Downtown Georgetown
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About This Home

Home is being sold in current condition. Downtown Georgetown location across from VFW park and close proximity to Restaurants and Shopping. Great opportunity to fix up a home in Georgetown with your choices. Private larger corner lot. Detached 2 car garage. Outbuilding for storage. Come and get your next project with a great Location.

At $286/sqft, this home is priced 25% above the Georgetown active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

602 E 2nd St, Georgetown, TX 78626

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Property Details

Price $349,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,220 sqft
Lot Size 0.33 acres (14,374.8 sqft)
Year Built 1965
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Downtown Georgetown
County Williamson
Zip Code 78626
$/sqft $286/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,602.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250739663
List Date October 24, 2026
Elementary School Annie Purl
Middle School Charles A Forbes
High School East View
School District Georgetown ISD

School District

Georgetown ISD

Annie Purl · Charles A Forbes · East View

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.

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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
1602 Southwestern Blvd
University Park Sec 1 $349,999 $261 4 bd / 2 ba 1,342 sqft , 2026-10-01
1611 Mesquite Ln
Country Club $340,000 $234 3 bd / 2 ba 1,452 sqft , 2026-10-22
1508 S Walnut St
Hughes Add $360,000 $337 2 bd / 1 ba 1,068 sqft , 2026-07-02
1320 E 3rd St
Windridge Village Rep $325,000 $303 2 bd / 2 ba 1,074 sqft , 2026-09-15
1730 Candee St
Old Mill Village $375,000 $325 3 bd / 2 ba 1,155 sqft , 2026-02-05

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
$1,675/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
$69,800
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (assumed ~2.1%)−$611
Insurance (assumed ~0.5%)−$145
Est. Monthly Cash Flow $-986

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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Explore Austin Real Estate

Austin Luxury Homes Sell a Luxury Home Homes with Pool Sell Home Over $2M Investment Properties Rental Properties 1031 Exchange Austin BRRRR Method Austin Austin Market Report Contact Luke Allen
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 · 41 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. The written content was last updated on October 28, 2026.

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

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