Two-Unit Duplex with Covered
For Sale
$550,000
1741/1743 Horseshoe CIR, Round Rock, TX 78681
Two residences offer private laundry hookups, covered parking, and flexible short-term or long-term rental use.
Property Size2,000 SF
Lot Size0.33 Acres
Days on Market12
Property Features for 1741/1743 Horseshoe CIR
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
2
Lot size
0.33 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$60,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,470
Amenities
in-unit laundry hookups
outdoor area
Building Details
Building Size
2,000 SF
Year Built
1985
Buildings
1
Listing Agency:
Keller Williams Realty
(512) 910-5263
Listed By:
Andy Fisher · License #0577408
Source:
Zellteam
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 21 at 11:11AM
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.
Built in 1985, this duplex contains two separate residences, each arranged with 2 bedrooms and 1.5 baths. Both units include in-unit laundry hookups, tile flooring across the main level, and a covered parking space reached by a long private driveway. The property also provides a substantial outdoor area on a 1/3-acre lot.
The duplex is currently operated as a short-term rental, and the sellers may convey the furnishings. With no HOA, the property supports continued short-term rental operation or a transition to long-term tenancy, subject to applicable requirements. Its Round Rock setting is minutes from I-35 and provides access to major employers, dining, shopping, and other area amenities.
The duplex is currently operated as a short-term rental, and the sellers may convey the furnishings. With no HOA, the property supports continued short-term rental operation or a transition to long-term tenancy, subject to applicable requirements. Its Round Rock setting is minutes from I-35 and provides access to major employers, dining, shopping, and other area amenities.
Key Highlights
- Two separate units, each with 2 bedrooms and 1.5 baths
- Currently operated as a short‑term rental
- 1/3‑acre lot with spacious outdoor area
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
Lease Details
2
Residential units
Yes
Highway access
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 residences offer private laundry hookups, covered parking, and flexible short-term or long-term rental use.
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: Two separate units, each with 2 bedrooms and 1.5 baths; Currently operated as a short‑term rental; 1/3‑acre lot with spacious outdoor area
