1223, Georgetown, TX 78626

Unique opportunity to own 3 charming rental properties near The Most Beautiful Square in Texas. These 3 updated residences would make great Airbnbs or continue leasing long term. Hardwood floors, all new plumbing and electrical, central heat & air, water softeners, refrigerators, washers & dryers,... Only 5 block from the square for restaurants, shopping, music and art. Can be purchased with adjacent single home (1221 S Austin Ave) or the owner will subdivide these 3 structures to be a separate lot.

The three connected residences at 1223, 1223 1/2, and 1225 South Austin Avenue in Georgetown offer rare storybook charm with practical modern bones. Built in 1930, these vintage homes sit just five blocks from Georgetown's town square, the historic centerpiece that draws visitors from across Texas to browse galleries, restaurants, and local shops along the tree-lined plaza.

Each structure carries the visual signature of Depression-era craftsmanship: original hardwood floors run through the main living spaces, period moldings frame doorways and ceilings, and built-in shelving anchors rooms with purposeful detail. The exteriors wear their age honestly, with front porches that invite conversation and pitched roofs typical of the 1930s residential architecture still defining Georgetown's established neighborhoods. This is not polished restoration but authentic character, where visible wear becomes evidence of decades of life lived.

Recent updates address what matters most to modern residents without erasing the home's identity. All electrical and plumbing systems are new, a critical upgrade for properties of this age. Central heat and air conditioning, water softeners, and kitchen appliances including refrigerators come with the sale. Washers and dryers are included, practical for rental operations or family living. The 2,852 square feet across the three units provides flexibility: maintain current rental income, consolidate into a primary residence with guest quarters, or reimagine the layout entirely.

Located in Georgetown ISD, the property serves Annie Purl Elementary, James Tippit Middle School, and East View High School. The Morrow Addition neighborhood, where 1223 South Austin Avenue sits, places residents within walking distance of the square's restaurants and galleries while maintaining residential quiet just outside the bustle.

The lot spans 0.235 acres, compact by modern standards but sized perfectly for the 1930s street grid. Georgetown's downtown renaissance has accelerated property values throughout the historic core, and this multi-unit configuration offers dual appeal: investor returns through short or long-term leasing, or owner-occupancy with built-in income potential. The seller will subdivide the three structures onto a separate lot, or they can be purchased together with the adjacent single home at 1221 South Austin Avenue for larger portfolio potential.

This investment bridges Georgetown's past with its present momentum, offering genuine character alongside functional modern systems in one of Central Texas' most desirable historic downtowns.