Leased Duplex with Updated
For Sale
$699,000
4008 Cima Serena Drive Unit A/B, Austin, TX 78759
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 Market147
Property Features for 4008 Cima Serena Drive Unit A/B
General Information
Standard status
Active
Size
2,388 SF
Total Parking Spaces
6
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$13,655
Building Details
Year Built
1976
Listing Agency:
Compass
Listed By:
Lindsay Neuren · License #0695144
(512) 913-6987
Source:
Compass
Added: May 15
Changed: Oct 6
Last Checked: Oct 7 at 2:55PM
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
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
Estimated NOI and Cap Rate
NOI / Yr
$35,276
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,520
$705.5K
Cap Rate 7%
$503,943
$503.9K
Cap Rate 9%
$391,956
$392.0K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$53.0K $22.20/SF
− Vacancy
−$2.6K −$1.10/SF
EGI
$50.4K $21.10/SF
− OpEx
−$15.1K −$6.33/SF
NOI
$35.3K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,520
Cap Rate 7%
$503,943
Cap Rate 9%
$391,956
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 Drive Unit 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
