Updated Duplex with
For Sale
$495,000
2128 Redwing Way, Round Rock, TX 78664
Two three-bedroom units feature private fenced yards, fireplaces, and washer and dryer connections.
Property Size2,126 SF
Price / SF$232.83
Days on Market190
Property Features for 2128 Redwing Way
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Residential Income
Site & Location
Neighborhood
South Creek
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Claudia Ochoa · License #0632141
(512) 659-8665
Source:
Exprealty
Added: Apr 27
Changed: Oct 29
Last Checked: Nov 1 at 8:27AM
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 two three-bedroom, two-bathroom units within 2,126 square feet, with each residence offering a one-car garage and privately fenced backyard. Interior and exterior improvements include new flooring, fresh paint, modern light fixtures, new ceiling fans, and updated appliances. Fireplaces and washer and dryer connections are also included in both units.
Built in 1985, the property is located near the Dell campus, shopping, dining, gyms, and Dell Diamond. Toll road access connects the duplex with The Domain, Q2 Stadium, North Austin, Pflugerville, Cedar Park, and Leander. Tenants cover utilities, and the property is occupied by in-place tenants.
Built in 1985, the property is located near the Dell campus, shopping, dining, gyms, and Dell Diamond. Toll road access connects the duplex with The Domain, Q2 Stadium, North Austin, Pflugerville, Cedar Park, and Leander. Tenants cover utilities, and the property is occupied by in-place tenants.
Key Highlights
- Two‑unit duplex with 2,126 SF
- Each unit includes 3 bedrooms and 2 full bathrooms
- One‑car garage and privately fenced backyard for each unit
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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature private fenced yards, fireplaces, and washer and dryer connections.
Where is this duplex located?
The property is located at 2128 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: Two‑unit duplex with 2,126 SF; Each unit includes 3 bedrooms and 2 full bathrooms; One‑car garage and privately fenced backyard for each unit
