Renovated Duplex with
For Sale
$420,000
1200 Leander Rd A And B, Georgetown, TX 78628
Two residential units offer separate garage parking, with a fenced backyard serving the larger residence.
Property Size2,275 SF
Price / SF$184.62
Days on Market36
Property Features for 1200 Leander Rd A And B
General Information
Standard status
Active
Size
2,275 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 3/2, 1 x 2/1
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Year Renovated
2022
Buildings
1
Listing Agency:
Kurtz Properties
Listed By:
Casey Robinson
(512) 535-8980
Source:
Texasrealtygroup
Added: Sep 28
Changed: Nov 2
Last Checked: Oct 5 at 7:46PM
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 Kurtz Properties
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Investment Insights
Based on property information with market context.
This 2,275-square-foot duplex, built in 1980, contains two separately configured residences. Unit A has three bedrooms and two bathrooms, a fenced backyard, and a two-car garage; Unit B has two bedrooms, one bathroom, and a one-car garage. Both units have been renovated, with work completed in 2020 for Unit A and 2022 for Unit B. Unit A also received a new HVAC system in 2018, while Unit B’s renovation included new HVAC equipment.
The property is on Leander Road in Georgetown, near I-35. Shopping, dining, schools, a university, and Downtown Georgetown are among the nearby destinations.
The property is on Leander Road in Georgetown, near I-35. Shopping, dining, schools, a university, and Downtown Georgetown are among the nearby destinations.
Key Highlights
- 2,275‑square‑foot duplex built in 1980
- Unit A: 3 bedrooms, 2 bathrooms, fenced backyard, and 2‑car garage
- Unit B: 2 bedrooms, 1 bathroom, and 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,149
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,980
$763.0K
Cap Rate 7%
$544,986
$545.0K
Cap Rate 9%
$423,878
$423.9K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$57.3K $25.20/SF
− Vacancy
−$2.8K −$1.24/SF
EGI
$54.5K $23.96/SF
− OpEx
−$16.3K −$7.19/SF
NOI
$38.1K $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%
$762,980
Cap Rate 7%
$544,986
Cap Rate 9%
$423,878
Alternative Uses
Best Use
Multifamily LT 5
$545.0K
$476.9K – $635.8K
NOI $38,149 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$498.2K
$435.9K – $581.2K
NOI $34,874 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,571 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
500
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate garage parking, with a fenced backyard serving the larger residence.
Where is this duplex located?
The property is located at 1200 Leander Rd A And B Georgetown, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,275‑square‑foot duplex built in 1980; Unit A: 3 bedrooms, 2 bathrooms, fenced backyard, and 2‑car garage; Unit B: 2 bedrooms, 1 bathroom, and 1‑car garage
