Updated Duplex with Private
For Sale
$495,000
2128-2130 Redwing Way, Round Rock, TX 78664
Both residences feature private fenced yards, fireplaces, updated appliances, and washer-dryer connections.
Property Size2,126 SF
Price / SF$232.83
Days on Market175
Property Features for 2128-2130 Redwing Way
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$7,600
Building Details
Year Built
1985
Listing Agency:
eXp Realty, LLC
Listed By:
Claudia Ochoa · License #0632141
(512) 659-8665
Source:
Compass
Added: Apr 27
Changed: Oct 16
Last Checked: Oct 16 at 10:30AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains 2,126 SF across two residences, with each unit offering 3 bedrooms, 2 full bathrooms, a private fenced backyard, and a 1-car garage. Interior features include updated appliances, fireplaces, washer and dryer connections, and new ceiling fans. Recent work includes flooring, interior and exterior paint, and modern light fixtures. The property was built in 1985 and is occupied by tenants who cover utilities.
Located near the Dell campus, shopping, dining, gyms, and Dell Diamond, the property also provides access to the toll road for travel toward The Domain, Q2 Stadium, North Austin, Pflugerville, Cedar Park, and Leander.
Located near the Dell campus, shopping, dining, gyms, and Dell Diamond, the property also provides access to the toll road for travel toward The Domain, Q2 Stadium, North Austin, Pflugerville, Cedar Park, and Leander.
Key Highlights
- 2,126 SF duplex with two 3‑bedroom, 2‑bathroom units
- Each unit includes a private fenced backyard and 1‑car garage
- Updated appliances, fireplaces, washer and dryer connections, and new ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,867
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,340
$437.3K
Cap Rate 7%
$312,386
$312.4K
Cap Rate 9%
$242,967
$243.0K
Market Conditions
NOI Build-Up for 2,126 SF
Gross rent
$36.2K $17.04/SF
− Vacancy
−$5.0K −$2.35/SF
EGI
$31.2K $14.69/SF
− OpEx
−$9.4K −$4.41/SF
NOI
$21.9K $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%
$437,340
Cap Rate 7%
$312,386
Cap Rate 9%
$242,967
Alternative Uses
Best Use
Multifamily LT 5
$312.4K
$273.3K – $364.5K
NOI $21,867 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,195 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$673.5K
$589.3K – $785.8K
NOI $47,146 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
594
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature private fenced yards, fireplaces, updated appliances, and washer-dryer connections.
Where is this duplex located?
The property is located at 2128-2130 Redwing Way Round Rock, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,126 SF duplex with two 3‑bedroom, 2‑bathroom units; Each unit includes a private fenced backyard and 1‑car garage; Updated appliances, fireplaces, washer and dryer connections, and new ceiling fans
