Duplex With Vacant
For Sale
$358,000
1902 Nicole Cir, Round Rock, TX 78664
One side is vacant and available for owner occupancy or leasing.
Property Size1,608 SF
Price / SF$222.64
Days on Market54
Property Features for 1902 Nicole Cir
General Information
Standard status
Active
Size
1,608 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greenhill
Additional Details
Multifamily Units
2
Building Details
Year Built
1979
Listing Agency:
Westbank Realty
Listed By:
David Johnson (512) 444-1300 · License #0436070
(512) 694-1300
Source:
Findahomeaustin
Added: Aug 31
Changed: Oct 10
Last Checked: Oct 23 at 7:32AM
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 Westbank Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,608 square feet and was built in 1979. Side B is currently vacant, providing an option for owner occupancy or a new lease. The property is located at 1902 Nicole Cir in Round Rock, Texas.
Key Highlights
- Duplex with 1,608 square feet
- Side B currently vacant
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,539
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,780
$330.8K
Cap Rate 7%
$236,271
$236.3K
Cap Rate 9%
$183,767
$183.8K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$27.4K $17.04/SF
− Vacancy
−$3.8K −$2.35/SF
EGI
$23.6K $14.69/SF
− OpEx
−$7.1K −$4.41/SF
NOI
$16.5K $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 Rate 5%
$330,780
Cap Rate 7%
$236,271
Cap Rate 9%
$183,767
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.7K – $275.7K
NOI $16,539 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,518 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
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Business Placement
Demographics for 78664, TX
60,287
Population
24,259
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
3,632
Density / Sq Mi
$85,919
Median Household Income
$45,700
Median Earnings
$1,645
Median Rent
$317,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One side is vacant and available for owner occupancy or leasing.
Where is this duplex located?
The property is located at 1902 Nicole Cir Round Rock, TX.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: Duplex with 1,608 square feet; Side B currently vacant; Built in 1979
