303 Hedgewood DR, Georgetown TX 78628

303 Hedgewood Drive, Georgetown, TX 78628 — Quadruplex Investment Opportunity | $528,000
Turnkey four-unit investment property in Georgetown, ideal for investors seeking immediate cash flow with room to grow. Built in 1984 on a 0.2985-acre lot shaded by mature oak trees, this two-story quadruplex offers 3,072 sq ft per WilCo CAD (3,198 sq ft per previous owner appraisal) across four individually metered units — no shared utility costs for the new owner.
Unit Mix:
Unit A (ground floor) – Remodeled, leased month-to-month at $1,300/mo
Unit C (upper floor) – Remodeled, leased month-to-month at $1,300/mo
Unit B (ground floor) – Original condition, leased month-to-month at $1,150/mo
Unit D (upper floor) – Original condition, currently vacant; market rent $1,150/mo
Current gross potential rent of $4,900/month ($58,800/year) with two units already updated and two units offering value-add upside through renovation. Each unit has its own private entrance, with upper units accessed via a shared exterior staircase leading to private balconies/patios.
Key Features:
Roof replaced August 2021
All utilities separately metered (electric & water)
Gravel parking area with ample off-street spaces
Mature tree coverage for shade and curb appeal
Located in Georgetown, TX — one of the fastest-growing cities in the country — with easy access to I-35, downtown Georgetown's historic square, and the greater Austin metro. A rare opportunity to acquire a fully-occupied (soon to be) multifamily asset with immediate income and a clear path to increased returns as remaining units are updated to match A & C.