Leased Duplex with Updated
4008 Cima Serena Dr #A/B Austin, TX 78759
For Sale
$699,000
Turnkey duplex with both units currently leased, recent 2025 roof, and mostly updated interior finishes.
Property Size2,388 SF
Price / SF$292.71
Days on Market58
Property Features for 4008 Cima Serena Dr #A/B
General Information
- Standard status
- Active
- Size
- 2,388 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1976
Listing Agency:
Compass RE Texas, LLC
(512) 575-3644
Listed By:
Lindsay Neuren
Source:
Buttross
Added: May 28
Changed: Jul 21
Last Checked: Jul 23 at 7:40AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This turnkey duplex features two distinct residences, with both units currently leased and performing. The exterior has seen significant recent capital improvements, including a new roof installed in 2025, along with a reworked chimney crown and professional brick repointing. Interiors include mostly updated finishes and separate floor plans designed for comfortable, functional living.
Unit A is a two-story layout with three bedrooms on the upper level, a cozy fireplace, and a large fenced backyard with a covered patio. Unit B offers a single-story flow, highlighted by a primary suite with a private patio, walk-in closet, and double vanity. Both residences benefit from carports with integrated storage and private outdoor retreats.
Located in the Westover Hills community in Northwest Hills, the property is positioned near Hill Elementary and Anderson High School. The area is also described as minutes from retail hubs including The Domain and Arbor Walk, with convenient access to Whole Foods, Costco, and Randalls, and UT Austin is approximately a 12-minute drive.
Unit A is a two-story layout with three bedrooms on the upper level, a cozy fireplace, and a large fenced backyard with a covered patio. Unit B offers a single-story flow, highlighted by a primary suite with a private patio, walk-in closet, and double vanity. Both residences benefit from carports with integrated storage and private outdoor retreats.
Located in the Westover Hills community in Northwest Hills, the property is positioned near Hill Elementary and Anderson High School. The area is also described as minutes from retail hubs including The Domain and Arbor Walk, with convenient access to Whole Foods, Costco, and Randalls, and UT Austin is approximately a 12-minute drive.
Key Highlights
- Turnkey duplex in Westover Hills (built 1976) with both units currently leased and generating income
- Brand‑new roof installed in 2025, plus reworked chimney crown and professional brick repointing
- Unit A: two‑story layout with 3 bedrooms on the upper level, a fireplace, and a large fenced backyard with covered patio
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $22.20 |
| − Vacancy | −$2.6k | −$1.10 |
| EGI | $50.4k | $21.10 |
| − OpEx | −$15.1k | −$6.33 |
| NOI | $35.3k | $14.77 |
2,388 SF · lease $22.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.9K
$441.0K – $587.9K
NOI $35,276 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$463.2K
$405.3K – $540.4K
NOI $32,422 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$935.8K
$818.8K – $1.09M
NOI $65,504 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with both units currently leased, recent 2025 roof, and mostly updated interior finishes.
Where is this duplex located?
The property is located at 4008 Cima Serena Dr #A/B Austin, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey duplex in Westover Hills (built 1976) with both units currently leased and generating income; Brand‑new roof installed in 2025, plus reworked chimney crown and professional brick repointing; Unit A: two‑story layout with 3 bedrooms on the upper level, a fireplace, and a large fenced backyard with covered patio
