Duplex with Fenced
New
For Sale
$465,000
510 Hedgewood DR, Georgetown, TX 78628
A 2011 interior renovation updated kitchens and baths, adding maple cabinetry, granite counters, and stainless steel appliances.
Property Size2,540 SF
Lot Size0.34 Acres
Price / SF$183.07
Days on Market4
Property Features for 510 Hedgewood DR
General Information
Standard status
Active
Size
2,540 SF
Lot size
0.34 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,007
Building Details
Building Size
2,540 SF
Year Built
1984
Year Renovated
2011
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Lone Star
Listed By:
Robert Fischer · License #0538860
(512) 531-2888
Source:
Teamwestre
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:15AM
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 Keller Williams Realty Lone Star
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Investment Insights
Based on property information with market context.
This single-story duplex contains approximately 2,540 square feet on a 0.341-acre lot. Interior work in 2011 included kitchens, bathrooms, doors, and trim; kitchens feature maple cabinets, granite countertops, and stainless steel appliances. Tile flooring runs throughout, and the property also has vinyl replacement windows, Hardie plank siding, and attached garage parking. HVAC equipment and ductwork were replaced, and the roof was installed in 2022 with 25-year shingles.
The outdoor setting includes mature live oaks, a fenced yard, and a greenbelt backdrop. Emerald Springs Park is nearby, while Lake Georgetown, Williams Drive shopping and dining, Wolf Ranch Town Center, and the historic downtown square are among the area destinations. Williams Drive/FM 2338, I-35, and SH 29 provide routes through Georgetown and toward Round Rock and Austin.
The outdoor setting includes mature live oaks, a fenced yard, and a greenbelt backdrop. Emerald Springs Park is nearby, while Lake Georgetown, Williams Drive shopping and dining, Wolf Ranch Town Center, and the historic downtown square are among the area destinations. Williams Drive/FM 2338, I-35, and SH 29 provide routes through Georgetown and toward Round Rock and Austin.
Key Highlights
- Duplex with approximately 2,540 total square feet
- 0.341‑acre lot with a fenced yard, mature live oaks, and a greenbelt backdrop
- 2011 renovation included kitchens, bathrooms, interior doors, and trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,592
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,840
$851.8K
Cap Rate 7%
$608,457
$608.5K
Cap Rate 9%
$473,244
$473.2K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$64.0K $25.20/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$60.8K $23.96/SF
− OpEx
−$18.3K −$7.19/SF
NOI
$42.6K $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%
$851,840
Cap Rate 7%
$608,457
Cap Rate 9%
$473,244
Alternative Uses
Best Use
Multifamily LT 5
$608.5K
$532.4K – $709.9K
NOI $42,592 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$556.2K
$486.7K – $648.9K
NOI $38,936 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$1.06M
$929.1K – $1.24M
NOI $74,325 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A 2011 interior renovation updated kitchens and baths, adding maple cabinetry, granite counters, and stainless steel appliances.
Where is this duplex located?
The property is located at 510 Hedgewood DR Georgetown, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex with approximately 2,540 total square feet; 0.341‑acre lot with a fenced yard, mature live oaks, and a greenbelt backdrop; 2011 renovation included kitchens, bathrooms, interior doors, and trim
