Two-Duplex Rental
For Sale
$475,000
3709 Rocky Hollow Trl Unit A & B, Georgetown, TX 78628
The package combines matching duplex improvements with updated roofs and HVAC systems.
Property Size2,384 SF
Price / SF$199.24
Days on Market13
Property Features for 3709 Rocky Hollow Trl Unit A & B
General Information
Standard status
Active
Size
2,384 SF
Property subtype
Multi-Family
Net Operating Income
$50,900
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$70,860
Amenities
stone fireplaces
built-ins
beamed ceilings
granite countertops
stainless-steel appliances
interior laundry connections
private balcony access
mature trees
covered carports with storage
private wooded backyards
Building Details
Year Built
1983
Buildings
2
Listing Agency:
Landmark Properties
(512) 663-8961
Listed By:
Chris Ricker (512) 255-8873
Source:
Findahomeaustin
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 10:30PM
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 Landmark Properties
Investment Insights
Based on property information with market context.
This offering brings together two adjacent duplex properties built in 1983, with approximately 4,768 sq. ft. across four rental units. Each building contains two 2-bedroom, 1.5-bath residences featuring stone fireplaces, built-in cabinetry, beamed ceilings, granite countertops, stainless-steel appliances, interior laundry connections, and private balcony access.
Outdoor features include mature trees, covered carports with storage, and private wooded backyards. The properties are situated on separate 0.24-acre lots, with each duplex measuring approximately 2,384 sq. ft. Metal roofs were installed in 2025, and all four HVAC systems were replaced in 2020 and 2022. The package includes 3705 and 3709 Rocky Hollow Trail in Georgetown, Texas.
Outdoor features include mature trees, covered carports with storage, and private wooded backyards. The properties are situated on separate 0.24-acre lots, with each duplex measuring approximately 2,384 sq. ft. Metal roofs were installed in 2025, and all four HVAC systems were replaced in 2020 and 2022. The package includes 3705 and 3709 Rocky Hollow Trail in Georgetown, Texas.
Key Highlights
- Two adjacent duplexes totaling approximately 4,768 sq. ft. and four rental units
- Each duplex is approximately 2,384 sq. ft. on a 0.24‑acre lot
- Two 2‑bedroom, 1.5‑bath units per duplex
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
$39,976
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
8.42%
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%
$799,520
$799.5K
Cap Rate 7%
$571,086
$571.1K
Cap Rate 9%
$444,178
$444.2K
Market Conditions
NOI Build-Up for 2,384 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
$60.1K $25.20/SF
− Vacancy
−$3.0K −$1.24/SF
EGI
$57.1K $23.96/SF
− OpEx
−$17.1K −$7.19/SF
NOI
$40.0K $16.77/SF
Area
Williamson County, TX
Vacancy
4.94%
Lease Rate
$25.20 /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%
$799,520
Cap Rate 7%
$571,086
Cap Rate 9%
$444,178
Alternative Uses
Best Use
Multifamily LT 5
$571.1K
$499.7K – $666.3K
NOI $39,976 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$522.1K
$456.8K – $609.1K
NOI $36,545 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$996.6K
$872.0K – $1.16M
NOI $69,760 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 78628, TX
40,378
Population
17,738
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
624
Density / Sq Mi
$117,198
Median Household Income
$58,328
Median Earnings
$1,552
Median Rent
$467,700
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 - The package combines matching duplex improvements with updated roofs and HVAC systems.
Where is this duplex located?
The property is located at 3709 Rocky Hollow Trl Unit A & B Georgetown, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two adjacent duplexes totaling approximately 4,768 sq. ft. and four rental units; Each duplex is approximately 2,384 sq. ft. on a 0.24‑acre lot; Two 2‑bedroom, 1.5‑bath units per duplex
