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Georgetown Fourplex Investment Opportunity
For Sale
$655,000

302 Hedgewood Dr, Georgetown, TX 78628

Fully leased fourplex near Williams Drive with strong income potential.

Property Size800 SF
Days on Market141

Property Features for 302 Hedgewood Dr

General Information

Standard status Active
Size 800 SF
Property subtype Investment

Building Details

Building Size 800 SF
Year Built 1984
Stories 2
Units 4
Listing Agency: Teifke Real Estate
Listed By: Matt Teifke
Source: Elliman
Added: Apr 24 Changed: Aug 31 Last Checked: Sep 11 at 10:55AM

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 Teifke Real Estate

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Furniture & Home Goods Storage Facility Law Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

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 $655,000.
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.**
More about this property
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