Fully Occupied
For Sale
$355,000
2402 Cottonwood Dr, Georgetown, TX 78628
Two matching residences provide private laundry areas, vaulted living spaces, and shared covered parking.
Property Size1,937 SF
Price / SF$183.27
Days on Market48
Property Features for 2402 Cottonwood Dr
General Information
Standard status
Active
Size
1,937 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Compass RE Texas, LLC
Listed By:
Linda Takenaka · License #433583
(512) 695-8000
Source:
Efirsttexas
Added: Aug 20
Changed: Sep 29
Last Checked: Oct 2 at 5:29PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This 1,937-square-foot duplex, built in 1975, contains two identical units with matching two-bedroom, one-bath layouts. Each residence includes a living area with vaulted ceilings, its own laundry area, and a backyard. The property also provides a shared two-car carport and additional parking along a long paved driveway. Both units are fully occupied.
The property offers access to IH-35, Williams Drive, and SH-130. Lake Georgetown, the Historic Downtown Square, shopping, and restaurants are minutes away, providing convenient connections to area amenities and transportation routes.
The property offers access to IH-35, Williams Drive, and SH-130. Lake Georgetown, the Historic Downtown Square, shopping, and restaurants are minutes away, providing convenient connections to area amenities and transportation routes.
Key Highlights
- 1,937 SF duplex with two identical two‑bedroom, one‑bath units
- Fully occupied property with both residences currently leased
- Each unit includes a private laundry area and vaulted living‑area ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,481
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,620
$649.6K
Cap Rate 7%
$464,014
$464.0K
Cap Rate 9%
$360,900
$360.9K
Market Conditions
NOI Build-Up for 1,937 SF
Gross rent
$48.8K $25.20/SF
− Vacancy
−$2.4K −$1.24/SF
EGI
$46.4K $23.96/SF
− OpEx
−$13.9K −$7.19/SF
NOI
$32.5K $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%
$649,620
Cap Rate 7%
$464,014
Cap Rate 9%
$360,900
Alternative Uses
Best Use
Multifamily LT 5
$464.0K
$406.0K – $541.4K
NOI $32,481 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$424.2K
$371.2K – $494.9K
NOI $29,693 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$809.7K
$708.5K – $944.7K
NOI $56,680 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 78628, TX
40,378
Population
17,738
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
624
Density / Sq Mi
$117,198
Median Household Income
$58,328
Median Earnings
$1,552
Median Rent
$467,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide private laundry areas, vaulted living spaces, and shared covered parking.
Where is this duplex located?
The property is located at 2402 Cottonwood Dr Georgetown, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1,937 SF duplex with two identical two‑bedroom, one‑bath units; Fully occupied property with both residences currently leased; Each unit includes a private laundry area and vaulted living‑area ceilings
