Charming Triplex Near Georgetown
For Sale
$960,000
1223 1223 1/2 & 1225 S Austin Ave S, Georgetown, TX 78626
Updated triplex near the square, ideal for Airbnb or rentals.
Property Size2,852 SF
Lot Size0.24 Acres
Days on Market222
Property Features for 1223 1223 1/2 & 1225 S Austin Ave S
General Information
Standard status
Active
Size
2,852 SF
Lot size
0.24 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
2,852 SF
Year Built
1930
Stories
1
Units
3
Listed By:
Linda Burns · License #0598822
(512) 966-9722
Source:
Elliman
Added: Mar 10
Changed: Oct 4
Last Checked: Oct 16 at 10:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Linda Burns
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Investment Insights
Based on property information with market context.
This property features three updated residences suitable for Airbnb or long-term leasing. The units include hardwood floors, new plumbing and electrical systems, central heat and air conditioning, water softeners, refrigerators, washers, and dryers. Located five blocks from the square, the property offers convenient access to restaurants, shopping, music, and art. The property can be purchased with an adjacent single-family home or subdivided into a separate lot.
Key Highlights
- Three updated residences ideal for Airbnb or long‑term rentals
- Prime location: Only 5 blocks from the square with restaurants, shopping, music, and art
- All new plumbing and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,824
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,480
$956.5K
Cap Rate 7%
$683,200
$683.2K
Cap Rate 9%
$531,378
$531.4K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$71.9K $25.20/SF
− Vacancy
−$3.6K −$1.24/SF
EGI
$68.3K $23.96/SF
− OpEx
−$20.5K −$7.19/SF
NOI
$47.8K $16.77/SF
Area
Williamson County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,480
Cap Rate 7%
$683,200
Cap Rate 9%
$531,378
Alternative Uses
Best Use
Multifamily LT 5
$683.2K
$597.8K – $797.1K
NOI $47,824 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$624.6K
$546.5K – $728.7K
NOI $43,719 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,455 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex near the square, ideal for Airbnb or rentals.
Where is this triplex located?
The property is located at 1223 1223 1/2 & 1225 S Austin Ave S Georgetown, TX.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Three updated residences ideal for Airbnb or long‑term rentals; Prime location: Only 5 blocks from the square with restaurants, shopping, music, and art; All new plumbing and electrical systems
