2-Unit Residential
400 Carl Shipp DR, Liberty Hill, TX 78642
For Sale
$474,000
Both residences are leased and offer private fenced backyards, attached garages, and driveway parking.
Property Size2,586 SF
Price / SF$183.29
Days on Market183
Property Features for 400 Carl Shipp DR
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
interior laundry room
private fenced backyard
attached garage
Building Details
Building Size
Year Built
Listing Agency:
Marshall Reddick Real Estate
Listed By:
Stephany Caravantes Sanchez · License TX #0713300
(210) 339-2932
Source:
Jorgensonrealestate
Added: May 11
Changed: Nov 9
Last Checked: Nov 8 at 4:11PM
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 Marshall Reddick Real Estate
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,586-square-foot duplex contains two tenant-occupied residences. Each has three bedrooms, two full bathrooms, an open living and dining arrangement, an interior laundry room, and an attached garage. Tile flooring serves the main living areas; kitchens provide cabinet storage, while primary suites include walk-in closets and bathrooms with dual vanities. Each residence also has a private fenced backyard and driveway parking.
The property is in Liberty Hill, with access to Hwy 183 and Hwy 29. Nearby retail options listed include H-E-B, Starbucks, Target, Costco, and The Parke in Cedar Park, as well as local parks and schools.
The property is in Liberty Hill, with access to Hwy 183 and Hwy 29. Nearby retail options listed include H-E-B, Starbucks, Target, Costco, and The Parke in Cedar Park, as well as local parks and schools.
Key Highlights
- Two tenant‑occupied residences in a 2,586‑square‑foot duplex built in 2016
- Each residence has 3 bedrooms and 2 full bathrooms
- Attached garage, private fenced backyard, and driveway parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,364
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,280
$867.3K
Cap Rate 7%
$619,486
$619.5K
Cap Rate 9%
$481,822
$481.8K
Market Conditions
NOI Build-Up for 2,586 SF
Gross rent
$65.2K $25.20/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$61.9K $23.96/SF
− OpEx
−$18.6K −$7.19/SF
NOI
$43.4K $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 Rate 5%
$867,280
Cap Rate 7%
$619,486
Cap Rate 9%
$481,822
Alternative Uses
Best Use
Multifamily LT 5
$619.5K
$542.1K – $722.7K
NOI $43,364 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$566.3K
$495.5K – $660.7K
NOI $39,641 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.01M
$886.7K – $1.18M
NOI $70,936 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 78642, TX
20,385
Population
8,399
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
111.1 sq mi
ZIP Area
183
Density / Sq Mi
$128,086
Median Household Income
$58,118
Median Earnings
$1,475
Median Rent
$486,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Williamson County, TX
Properties on Market for Duplexes in Williamson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and offer private fenced backyards, attached garages, and driveway parking.
Where is this duplex located?
The property is located at 400 Carl Shipp DR Liberty Hill, TX.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: Two tenant‑occupied residences in a 2,586‑square‑foot duplex built in 2016; Each residence has 3 bedrooms and 2 full bathrooms; Attached garage, private fenced backyard, and driveway parking for each unit
