Renovated Duplex with Garage
For Sale
$420,000
1200 Leander Rd #A and B, Georgetown, TX 78628
Two residences offer separate floor plans, fenced outdoor space, and dedicated garage parking.
Property Size2,275 SF
Price / SF$184.62
Days on Market177
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 Home
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,892
Amenities
fenced backyard
2 Primary Baths
Ceiling Fan(s)
Granite Counters
Electric Dryer Hookup
Gas Dryer Hookup
No Interior Steps
Open Floorplan
Pantry
Walk-In Closet(s)
Washer Hookup
No Exterior Steps
Private Yard
Building Details
Building Size
2,275 SF
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Kurtz Properties
(512) 417-1780
Listed By:
Casey Robinson
(512) 864-1345
Source:
Georgereinemund
Added: May 7
Changed: Oct 25
Last Checked: Oct 29 at 10:09PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1200 Leander Rd in Georgetown, this 2,275-square-foot duplex contains two renovated residences: a 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. Each has garage parking, with a two-car garage serving the larger residence and a one-car garage for the second. The larger unit also has a fenced backyard. The property was built in 1980.
Work in the 3-bedroom unit was completed in 2020 and included flooring, windows, doors, appliances, countertops, interior finishes, and bathroom improvements. Its HVAC system was replaced in 2018. Renovations to the 2-bedroom unit took place in 2022 and included a new HVAC system, flooring, doors, appliances, countertops, interior finishes, and bathroom updates.
The property is near I-35 and Leander Road, with shopping, dining, schools, a university, and Downtown Georgetown identified in the surrounding area.
Work in the 3-bedroom unit was completed in 2020 and included flooring, windows, doors, appliances, countertops, interior finishes, and bathroom improvements. Its HVAC system was replaced in 2018. Renovations to the 2-bedroom unit took place in 2022 and included a new HVAC system, flooring, doors, appliances, countertops, interior finishes, and bathroom updates.
The property is near I-35 and Leander Road, with shopping, dining, schools, a university, and Downtown Georgetown identified in the surrounding area.
Key Highlights
- Two‑unit duplex totaling 2,275 square feet
- Unit mix: 3‑bedroom, 2‑bathroom residence and 2‑bedroom, 1‑bathroom residence
- Two‑car garage for the larger unit; one‑car garage for the second unit
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
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 residences offer separate floor plans, fenced outdoor space, and dedicated garage parking.
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: Two‑unit duplex totaling 2,275 square feet; Unit mix: 3‑bedroom, 2‑bathroom residence and 2‑bedroom, 1‑bathroom residence; Two‑car garage for the larger unit; one‑car garage for the second unit
