1223, Georgetown, TX 78626

Unique opportunity to own charming rental property 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.

Three updated residences on South Austin Avenue in Georgetown represent a rare income opportunity in Texas's most walkable historic downtown. The triplex at 1223, 1223 1/2, and 1225 S Austin Avenue sits five blocks from Georgetown's town square, positioning each unit steps from Williamson County's most active commercial corridor. This location in the Morrow Addition means proximity to The Square's restaurants, galleries, and farmers markets without the premium pricing of square-facing properties.

The property spans 2,852 square feet across three separate structures on a 0.235-acre city lot, offering flexibility rarely found in Georgetown's core. Each residence received updated electrical and plumbing systems, central heat and air conditioning, and water softeners that reduce tenant maintenance calls. Granite counters, hardwood and tile flooring, and recessed lighting appeal to the short-term rental market that drives Georgetown's downtown revival. Two units feature primary closets and open floorplans with breakfast bars and built-in bookcases. All three include stackable washer/dryer connections, dishwashers, and disposals.

The 3-car garage and large mature trees provide both practical utility and character that Georgetown buyers expect in the historic district. Exterior steps and front porches maintain the neighborhood's 1930s architectural vocabulary while decking offers modern outdoor living space. The configuration works as three long-term rentals for steady cash flow or converts to Airbnb units during peak Georgetown tourism seasons. The owner will subdivide to separate lots if a buyer prefers to develop differently, or the adjacent single-family home at 1221 S Austin Avenue can be purchased as a portfolio.

Georgetown Independent School District serves the property through Annie Purl Elementary, James Tippit Middle, and East View High. Residents access downtown Georgetown's employment base, regional corporate campuses, and Austin's tech corridor within 45 minutes. The walkable square location eliminates the commute for anyone working in Georgetown's growing downtown office market.

At $337 per square foot for an income-producing property in Georgetown's most desirable neighborhood, this triplex presents the scarcity that serious investors recognize. The combination of updated infrastructure, flexibility in use, and proximity to Texas's most beautiful square creates long-term appreciation potential as Georgetown's downtown continues its transformation.