Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 Hedgewood Dr Georgetown, TX 78628

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $665,000

    Fully leased fourplex near Williams Drive with strong income potential.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:53 pm

    Property Features for 302 Hedgewood Dr

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Matt Teifke

    Listing agent Matt Teifke

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Matt Teifke

    Overview

    Georgetown Fourplex Investment Opportunity

    Located in Georgetown, Texas, this fourplex presents a great investment opportunity in a growing market. The property is situated just off Williams Drive, offering convenient access to shopping, dining, and I-35. Each of the four units features 2 bedrooms and 1 bathroom with functional layouts and updates. The units offer open living, dining, and kitchen areas, durable vinyl plank flooring, and a wood-burning fireplace. The kitchens are equipped with a refrigerator, pantry, and dishwasher. The dining area opens to a private patio, and each unit includes a front patio storage closet. The primary bedroom features two closets, with a hallway linen closet offering extra storage. Each unit includes a washer and dryer. Designated parking areas are available for residents. The property is well-located close to major Georgetown amenities, retail, restaurants, and commuter routes. All units are currently leased and producing income, making this property an excellent opportunity for investors looking for a stabilized multifamily asset in Central Texas.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.6963773
    Latitude
    30.6725444

    Nearby Similar for Sale

    • $345,000
      958 SF

      Georgetown Office with Excellent Floorplan

      Office space featuring a functional layout and proximity to development.
      5373 Williams Drive, Georgetown, TX 78633
      View Details
    • $345,000

      Georgetown Commercial Office For Sale

      Office space in great condition near upcoming mixed-use development.
      5373 Williams Drive, Georgetown, TX 78633
      View Details
    • $449,900
      1,261 SF

      Georgetown Office Condo Investment Opportunity

      New office condo with tenant, 7% cap rate, minimal management.
      4869 Williams Dr #105, Georgetown, TX 78633
      View Details
    • $950,000
      4,800 SF

      Georgetown Commercial Property For Sale

      Commercial property with high visibility and flexible use options.
      40120A Industrial Park Cir, Georgetown, TX 78626
      View Details
    • $8,523,000
      14,777 SF

      New Retail Center For Sale

      New 14,777 SF retail center in Georgetown, Texas.
      3920 Williams Dr, Georgetown, TX 78628
      View Details
    • $345,000

      Office Unit in Great Condition

      Well-maintained office unit near upcoming mixed-use development.
      5373 Williams Dr 220, Georgetown, TX 78633
      View Details
    • $360,000
      1,025 SF

      Georgetown Storefront Retail/Office Condo

      1,025 SqFt storefront condo in Georgetown, Texas for sale.
      609 E University Ave, Georgetown, TX 78626
      View Details
    • $749,000
      3,500 SF

      Georgetown Duplex on Large Lot

      Income-producing duplex on 0.88 acres near major Texas landmarks.
      40202 Settlers Path, Georgetown, TX 78626
      View Details
    • $875,000
      3,400 SF

      Industrial Building on One Acre

      3,400 SF industrial building on 1 acre for sale.
      450 Private Rd 917, Georgetown, TX
      View Details
    • $1,485,000
      3,071 SF

      Freestanding Building on Rivery Blvd

      Freestanding 3,071 SF building in a fantastic location.
      1623 Rivery Blvd, Georgetown, TX
      View Details
    • $7,795,000
      12,135 SF

      Georgetown Retail Center For Sale

      Class A retail center in a rapidly growing area.
      2960 FM 1460, Georgetown, TX
      View Details
    • $895,000

      Downtown Georgetown Corner Property

      Prime corner property in downtown Georgetown near the historic Square.
      510 S Church ST, Georgetown, TX 78626
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully leased fourplex near Williams Drive with strong income potential.
    Where is this quadplex located?
    The property is located at 302 Hedgewood Dr Georgetown, TX.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: Fully leased fourplex providing immediate rental income.; Located in the growing Georgetown market with convenient access to shopping, dining, and I‑35.; Each unit includes **2 bedrooms, 1 bathroom, washer/dryer, and private patio.**
    (512) 914-4806
    We can help!
    Listing Contact
    Matt Teifke
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!