Overview

  • Property ID
  • 116119
  • 3 Bedrooms
  • 3 Bathrooms
  • 2,574 ft2
  • 0 ft2

1708 Olive ST, Georgetown TX 78626

$575,000
1708 Olive ST, Georgetown TX 78626, Georgetown, Out

Description

Exceptional value for a double-lot property with income-producing guest quarters currently leased at $800/month (separate utilities). Total lot size approx. 0.49 acres across two parcels with separate fenced areas—ideal for owner/tenant separation.
Guest house approx. 726 sqft with private entry, yard, and parking access. Main home offers flexible layout with 3 beds / 2 baths.
Key updates: rewired in 2012, roofs replaced on both structures in 2017, exterior paint in 2018. Fireplace is decorative only (not operational).
Please review improvement list and survey in documents. Buyer to verify all measurements, schools, and details.
Great opportunity for investors or owner-occupants seeking supplemental income. Easy to show—HOUSE is Vacant. Guest house by appointment with agent. please provide feedback on price, condition, and buyer interest.

Address: 1708 Olive ST, Georgetown TX 78626
Area:
State/County:
Zip: 78626
Country: United States

Property Id: 116119
Price: $575,000
Property Size: 2,574 ft2
Property Lot Size: 0 ft2
Bedrooms: 3
Bathrooms: 3
AccessibilityFeatures: None
BathroomsFull: 3
CommunityFeatures: Park, Playground
Cooling: Ceiling Fan(s), Central Air
DirectionFaces: East
Directions: I-35 EXIT University Ave, SH 29. GO EAST. RIGHT on Olive St. On the right before the school.
ElementarySchool: Annie Purl
ElementarySchoolDistrict: Georgetown ISD
Fencing: Back Yard, Chain Link, Fenced, Full, Partial, Wood
FireplaceFeatures: See Remarks, Family Room, Fire Pit
FireplacesTotal: 1
Flooring: Carpet, Tile, Wood
FoundationDetails: Pillar/Post/Pier
Heating: Central, Natural Gas
HighSchool: East View
HighSchoolDistrict: Georgetown ISD
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
Levels: Two
ListAOR: Austin Board Of Realtors
ListAgentDirectPhone: (512) 630-4038
ListAgentEmail: annette@AnnetteMontgomery.Com
ListAgentFullName: Annette Montgomery
ListAgentKey: 538d4f2b4212b13a2a234bd3e299d23c
ListAgentMlsId: 555936
ListOfficeMlsId: 700713
ListOfficeName: Wolf Real Estate
ListOfficePhone: (512) 966-0117
ListingContractDate: 2026-04-07
ListingId: 2665345
ListingTerms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
LivingAreaSource: Public Records
LotFeatures: Back Yard, Corner Lot, Few Trees, Front Yard, Level, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate
LotSizeArea: 0.491
LotSizeSquareFeet: 21387.96
MLSAreaMajor: GTE
MainLevelBedrooms: 2
MiddleOrJuniorSchool: Charles A Forbes
MiddleOrJuniorSchoolDistrict: Georgetown ISD
MlsStatus: Active
ModificationTimestamp: April 15, 2026 at 11:40pm
OriginatingSystemName: ABOR - actris
OtherStructures: Guest House, Outbuilding, Second Residence
ParcelNumber: 20870000000027
ParkingFeatures: Carport, Detached Carport, Driveway, Off Street, Outside
PatioAndPorchFeatures: Deck, Rear Porch
PhotosChangeTimestamp: April 15, 2026 at 11:43pm
PhotosCount: 40
PoolFeatures: None
Possession: Close Of Escrow, Funding, Subject To Tenant Rights
PostalCode: 78626
PropertyCondition: Historic Design
Roof: Composition
Sewer: Public Sewer
SpaFeatures: None
SpecialListingConditions: Standard
StateOrProvince: TX
StatusChangeTimestamp: April 7, 2026 at 02:28pm
StreetName: Olive
StreetNumber: 1708
StreetNumberNumeric: 1708
StreetSuffix: ST
SyndicationRemarks: Step into this enchanting Georgetown property and discover a rare blend of charm, flexibility, and value. Situated on a spacious double corner lot totaling approximately 0.49 acres, this unique offering includes a main home plus a fully separate guest house with its own utilities—ideal for multi-generational living or income potential. The main home showcases original hardwood flooring, a formal dining room with beautiful built-in corner cabinetry, and inviting living spaces filled with character. The vintage fireplace adds charm (not currently operational). The layout includes two bedrooms and one bath on the main level, with an additional bedroom and bath upstairs—perfect for a private retreat, office, or flex space. The detached guest house, approximately 726 square feet, offers a private entrance, fenced yard, kitchenette, living area, bedroom, bath, and additional flex space. Currently leased at $800/month, it presents an excellent opportunity for supplemental income. Outdoor spaces are thoughtfully divided with separate fencing, providing privacy and versatility for owners and guests alike. Mature trees, including a heritage tree, enhance the setting. Located within walking distance to Georgetown Square, Southwestern University, Annie Purl Elementary, local shops, restaurants, wineries, and the scenic San Gabriel River trails, this home offers both convenience and lifestyle. With easy access to IH-35 and nearby medical facilities, the location is as practical as it is charming. Recent improvements include updated electrical (2012), roof replacement on both structures (2017), and exterior paint (2018). See full improvements list for details. This is a rare opportunity to own a character-filled property with built-in flexibility and income potential in the heart of Georgetown.
TaxAnnualAmount: 13798.12
Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
View: Neighborhood, Trees/Woods
WaterSource: Public
WaterfrontFeatures: None
WindowFeatures: Blinds, Window Treatments
YearBuilt: 1946

Other Features
Bookcases
Ceiling Fan(s)
Dishwasher
Dryer
Eat-in Kitchen
Electrical Utility Available
Exterior Steps
French Doors
Gas Range
Gutters Partial
High Ceilings
Interior Steps
Microwave
Pantry
Primary Bedroom on Main
Private Yard
Refrigerator
Tile Counters
Washer/Dryer

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

$2,948.14
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 2,229.39

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Annette Montgomery