Renovated Two-Unit
For Sale
$360,000
1202 Leander Rd A & B, Georgetown, TX 78628
Each residence has two bedrooms, one bathroom and a single-car garage; Unit A also has a fenced backyard.
Property Size2,080 SF
Price / SF$173.08
Days on Market9
Property Features for 1202 Leander Rd A & B
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Kurtz Properties
Listed By:
Casey Robinson
(512) 535-8980
Source:
Texasrealtygroup
Added: Sep 28
Changed: Oct 5
Last Checked: Oct 5 at 7:52PM
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.
Built in 1980, this 2,080-square-foot duplex contains two 2-bedroom, 1-bathroom units, each with a single-car garage. Unit A includes a fenced backyard. Renovations completed in 2023 covered flooring, doors, appliances, countertops, wall texture and paint, tub and shower tile, lavatories, and HVAC.
The property is on Leander Road in Georgetown, near I-35. Shopping, dining, schools, a university, and Downtown Georgetown are nearby. This duplex must be purchased together with duplex 1200 A & B; it is not available as a separate purchase.
The property is on Leander Road in Georgetown, near I-35. Shopping, dining, schools, a university, and Downtown Georgetown are nearby. This duplex must be purchased together with duplex 1200 A & B; it is not available as a separate purchase.
Key Highlights
- 2,080‑square‑foot duplex built in 1980
- Two units, each configured as 2 bedrooms and 1 bathroom
- 2023 renovations included flooring, doors, appliances, countertops, tub and shower tile, lavatories, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,885
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,700
$637.7K
Cap Rate 7%
$455,500
$455.5K
Cap Rate 9%
$354,278
$354.3K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$61.2K $29.40/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$58.0K $27.87/SF
− OpEx
−$26.1K −$12.54/SF
NOI
$31.9K $15.33/SF
Area
Williamson County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,700
Cap Rate 7%
$455,500
Cap Rate 9%
$354,278
Alternative Uses
Best Use
Multifamily LT 5
$498.3K
$436.0K – $581.3K
NOI $34,879 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,885 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$869.5K
$760.8K – $1.01M
NOI $60,864 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom and a single-car garage; Unit A also has a fenced backyard.
Where is this duplex located?
The property is located at 1202 Leander Rd A & B Georgetown, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,080‑square‑foot duplex built in 1980; Two units, each configured as 2 bedrooms and 1 bathroom; 2023 renovations included flooring, doors, appliances, countertops, tub and shower tile, lavatories, and HVAC
