Two-Unit Duplex with Covered
New
For Sale
$550,000
1741 /1743 Horseshoe Cir, Round Rock, TX 78681
Two residential units offer separate covered parking, laundry hookups, and access to a spacious outdoor area.
Property Size2,000 SF
Price / SF$275
Days on Market6
Property Features for 1741 /1743 Horseshoe Cir
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty
(512) 448-4111
Listed By:
Andy Fisher, Jodi Fisher · License #0718157
Source:
Austintexasrealestate
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 12:33AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex contains two residential units, each configured with 2 bedrooms and 1.5 baths. Both sides include covered parking, private driveway access, in-unit laundry hookups, and access to an outdoor area. Tile flooring extends across the main level, providing a durable finish for everyday use. The property was built in 1985 and is currently operated as a short-term rental. The sellers are open to conveying the furnishings.
Located in Round Rock, the property offers access to I-35 and is positioned near major employers, dining, and shopping. With no HOA, the property has fewer association restrictions affecting its current operation or future leasing approach.
Located in Round Rock, the property offers access to I-35 and is positioned near major employers, dining, and shopping. With no HOA, the property has fewer association restrictions affecting its current operation or future leasing approach.
Key Highlights
- 2,000‑square‑foot duplex with two separate residential units
- Each unit includes 2 bedrooms and 1.5 baths
- 1/3‑acre lot with a long private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,571
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,420
$411.4K
Cap Rate 7%
$293,871
$293.9K
Cap Rate 9%
$228,567
$228.6K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$34.1K $17.04/SF
− Vacancy
−$4.7K −$2.35/SF
EGI
$29.4K $14.69/SF
− OpEx
−$8.8K −$4.41/SF
NOI
$20.6K $10.29/SF
Area
Round Rock, TX
Vacancy
13.77%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,420
Cap Rate 7%
$293,871
Cap Rate 9%
$228,567
Alternative Uses
Best Use
Multifamily LT 5
$293.9K
$257.1K – $342.9K
NOI $20,571 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$258.0K
$225.7K – $301.0K
NOI $18,058 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 78681, TX
57,503
Population
20,817
Households
2.8
Avg Household Size
38
Median Age
56%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
2,479
Density / Sq Mi
$136,215
Median Household Income
$62,739
Median Earnings
$1,848
Median Rent
$460,000
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 - Two residential units offer separate covered parking, laundry hookups, and access to a spacious outdoor area.
Where is this duplex located?
The property is located at 1741 /1743 Horseshoe Cir Round Rock, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex with two separate residential units; Each unit includes 2 bedrooms and 1.5 baths; 1/3‑acre lot with a long private driveway
