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    517 Luther Dr Georgetown, TX 78628

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    For Sale
    $399,000

    Professionally managed duplex in desirable Georgetown location, near I-35.

    Lot size:
    0.18 Acres

    Property Features for 517 Luther Dr

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1985

    Source: Century 21 Stribling Properties Agent Brett Danaher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Georgetown Duplex: Fully Leased

    This is a fully leased, professionally managed duplex located in a desirable area of Georgetown. Each unit features a spacious, open-concept design with 2 bedrooms and 2 bathrooms. High ceilings and cozy fireplaces enhance the living spaces. Practical amenities include indoor laundry hookups and attached single-car garages. Additional parking is available in the large driveway, and each unit has its own fenced backyard. Recent improvements to unit A include fresh full interior painting, a recently replaced dishwasher and water heater, and an upgraded central HVAC system. The property is located minutes from I-35, Lake Georgetown, the Historic Downtown Square, and various shopping and dining options, offering potential for immediate cash flow and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.692047
    Latitude
    30.6144458

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    FAQs

    What type of property is this?
    Duplex - Professionally managed duplex in desirable Georgetown location, near I-35.
    Where is this duplex located?
    The property is located at 517 Luther Dr Georgetown, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Fully leased duplex offering immediate cash flow, professionally managed.; - Desirable Georgetown location, minutes from I-35, Lake Georgetown, and the Historic Downtown Square.; - Spacious 2-bedroom, 2-bathroom open-concept design in each unit.
    (512) 423-5742
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    517 Luther Dr Georgetown, TX 78628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    517 Luther Dr Georgetown, TX 78628
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