Renovated Two-Unit
For Sale
$420,000
1200 Leander RD # B Unit A and B, Georgetown, TX 78628
The two residences offer different bedroom layouts, private garages, and a fenced backyard at Unit A.
Property Size2,275 SF
Days on Market153
Property Features for 1200 Leander RD # B Unit A and B
General Information
Standard status
Active
Size
2,275 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,892
Building Details
Building Size
2,275 SF
Year Built
1980
Buildings
1
Listing Agency:
Kurtz Properties
Listed By:
Casey Robinson
(512) 535-8980
Source:
Localcolorrealestateaustin
Added: May 7
Changed: Oct 2
Last Checked: Oct 5 at 11:14PM
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
Investment Insights
Based on property information with market context.
This duplex contains two residences: Unit A has three bedrooms and two bathrooms, while Unit B has two bedrooms and one bathroom. Each unit has a garage, with two garage spaces at Unit A and one at Unit B. Unit A also includes a fenced backyard.
Unit A’s renovations were completed in 2020 and covered flooring, windows, doors, appliances, countertops, wall texture and paint, a tiled tub and shower, and lavatories. Its HVAC system was replaced in 2018. Unit B was updated in 2022 with new HVAC, flooring, doors, appliances, countertops, wall texture and paint, tiled tub and showers, and a lavatory. The property is at Leander Road in Georgetown, near I-35.
Unit A’s renovations were completed in 2020 and covered flooring, windows, doors, appliances, countertops, wall texture and paint, a tiled tub and shower, and lavatories. Its HVAC system was replaced in 2018. Unit B was updated in 2022 with new HVAC, flooring, doors, appliances, countertops, wall texture and paint, tiled tub and showers, and a lavatory. The property is at Leander Road in Georgetown, near I-35.
Key Highlights
- Two residences: Unit A is 3/2; Unit B is 2/1
- Unit A has a two‑car garage and fenced backyard
- Unit B has a one‑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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer different bedroom layouts, private garages, and a fenced backyard at Unit A.
Where is this duplex located?
The property is located at 1200 Leander RD # B Unit 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 residences: Unit A is 3/2; Unit B is 2/1; Unit A has a two‑car garage and fenced backyard; Unit B has a one‑car garage
