Turnkey Duplex with
4008 Cima Serena Dr A/B Austin, TX 78759
New
For Sale
$699,000
Turnkey duplex with two leased units, recent roof replacement, and fenced outdoor space.
Property Size2,388 SF
Price / SF$292.71
Days on Market5
Property Features for 4008 Cima Serena Dr A/B
General Information
- Standard status
- Active
- Size
- 2,388 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1976
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Lindsay Neuren
Source:
Cityviewtx
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 21 at 6:04PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This turnkey duplex includes two separate residences, currently leased and performing. Unit A is a two-story layout with three bedrooms on the upper level, a fireplace, and a large fenced backyard with a covered patio. Unit B offers a convenient single-story flow with a primary suite that includes a private patio, walk-in closet, and double vanity. Both units feature carports with integrated storage and private outdoor retreats.
The exterior has seen significant recent capital improvements, including a brand-new roof installed in 2025, along with a reworked chimney crown and professional brick repointing. The property is located near Hill Elementary and Anderson High School, and it provides access to major retail and grocery destinations, including The Domain, Arbor Walk, Whole Foods, Costco, and Randalls.
With distinct floor plans for each unit and mostly updated interior finishes, the property is designed for straightforward, low-maintenance ownership.
The exterior has seen significant recent capital improvements, including a brand-new roof installed in 2025, along with a reworked chimney crown and professional brick repointing. The property is located near Hill Elementary and Anderson High School, and it provides access to major retail and grocery destinations, including The Domain, Arbor Walk, Whole Foods, Costco, and Randalls.
With distinct floor plans for each unit and mostly updated interior finishes, the property is designed for straightforward, low-maintenance ownership.
Key Highlights
- Turnkey 1976 duplex with both units currently leased and producing cash flow
- Brand‑new roof installed in 2025, plus reworked chimney crown and professional brick repointing
- Unit A: two‑story layout with 3 bedrooms upstairs, cozy fireplace, and large fenced backyard with covered patio
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $22.20 |
| − Vacancy | −$2.6k | −$1.10 |
| EGI | $50.4k | $21.10 |
| − OpEx | −$15.1k | −$6.33 |
| NOI | $35.3k | $14.77 |
2,388 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.9K
$441.0K – $587.9K
NOI $35,276 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$463.2K
$405.3K – $540.4K
NOI $32,422 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$935.8K
$818.8K – $1.09M
NOI $65,504 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with two leased units, recent roof replacement, and fenced outdoor space.
Where is this duplex located?
The property is located at 4008 Cima Serena Dr A/B Austin, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey 1976 duplex with both units currently leased and producing cash flow; Brand‑new roof installed in 2025, plus reworked chimney crown and professional brick repointing; Unit A: two‑story layout with 3 bedrooms upstairs, cozy fireplace, and large fenced backyard with covered patio
