Active Listing  ·  11 days on market

104 E. Morrow St

Georgetown, TX 78626
$450,000
2 Bed 1 Bath 1,124 sqft $400/sqft Built 1920 0.44 acres Pool North Georgetown Subdivision

Explore the endless opportunities with this rare 0.44-acre infill property near downtown Georgetown that backs to the San Gabriel River trail system. Within walking distance of Georgetown’s historic downtown square, with its local shops, restaurants, and entertainment. The City’s zoning map depicts the parcel as split between Residential Single-Family (RS) and General Commercial (C-3), while the Future Land Use Map may offer additional possibilities for a buyer to explore. Offering a unique rehab, rebuild or possible redevelopment potential in a prime location the property. Portions of the property, including much of the river side, are within the FEMA floodplain and/or floodway, which may impact buildable area and development options or require additional engineering and approvals. Property is sold AS-IS. Buyer is solely responsible for all due diligence and independent verification, including zoning, permitted and future uses, flood conditions, buildability, setbacks, utilities, access, and required approvals. Seller and listing broker make no representation or guarantee regarding development potential, future use, rezoning, redevelopment, or approvals. Opportunities like this near downtown Georgetown don’t come along often. Whether you're drawn to the downtown lifestyle, scenic surroundings, or long-term investment possibilities, don’t miss your chance to explore the possibilities.

At $400/sqft, this home is priced 77% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

104 E. Morrow St, Georgetown, TX 78626

Property Details

Price $450,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,124 sqft
Lot Size 0.44 acres (19,166.4 sqft)
Year Built 1920
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision North Georgetown Subdivision
County Williamson
Zip Code 78626
$/sqft $400/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249090639
List Date October 13, 2026
Elementary School Pat Cooper
Middle School Charles A Forbes
High School Georgetown
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
505 E 8th St
Glasscock Add
$495,000 $381 2 bd / 1 ba 1,299 sqft , 2026-04-08
312 W 10th St
Lost Add
$495,000 $367 2 bd / 2 ba 1,349 sqft , 2026-06-05
300 San Gabriel Village Blvd #512
Village Park Condo Amd
$350,000 $263 2 bd / 2 ba 1,333 sqft , 2026-09-01
1221 S Austin Ave
Morrow Add
$550,000 $364 3 bd / 2 ba 1,510 sqft , 2025-12-05
1611 Mesquite Ln
Country Club
$340,000 $234 3 bd / 2 ba 1,452 sqft , 2026-10-22

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 October 15, 2026.

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