Duplex with Fenced
409/411 Lake Creek Cir Round Rock, TX 78664
For Sale
$390,000
Each side offers 2 beds, 1 bath, updated interiors, a fenced front patio, and a fenced backyard overlooking a greenbelt.
Property Size1,758 SF
Price / SF$221.84
Days on Market34
Property Features for 409/411 Lake Creek Cir
General Information
Standard status
Active
Size
1,758 SF
Property subtype
Multi Family Home
Building Details
Year Built
1978
Listing Agency:
JBGoodwin REALTORS WL
(512) 502-7601
Listed By:
Wesley James Steck
Source:
Buttross
Added: Jun 26
Changed: Jul 24
Last Checked: Jul 29 at 12:38PM
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 JBGoodwin REALTORS WL
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate 2-bedroom, 1-bath units. Both sides have updated kitchens and finishes, including new lighting, bath cabinetry, and flooring with no carpet or popcorn ceilings. Each unit also includes a private fenced front patio, a one-car garage with backyard access, and a spacious fenced backyard that backs to a greenbelt and creek beneath mature trees.
The property is just minutes from downtown Round Rock and provides convenient access to dining and shopping, Lake Creek Park, walking trails, and a nearby Dog Depot Dog Park.
Recent major improvements include a roof replacement in 2021, updated electrical service equipment in 2023, one HVAC system replacement in 2025, and additional attic insulation installed in 2025. One unit is becoming available, creating a straightforward option for an owner-occupant while continuing to generate rental income from the second side.
The property is just minutes from downtown Round Rock and provides convenient access to dining and shopping, Lake Creek Park, walking trails, and a nearby Dog Depot Dog Park.
Recent major improvements include a roof replacement in 2021, updated electrical service equipment in 2023, one HVAC system replacement in 2025, and additional attic insulation installed in 2025. One unit is becoming available, creating a straightforward option for an owner-occupant while continuing to generate rental income from the second side.
Key Highlights
- Duplex built in 1978 with two units, each offering 2 bedrooms and 1 bathroom
- Updated interiors in both units, including updated kitchens, lighting, bath cabinetry, and flooring (no carpet; no popcorn ceilings)
- Each unit includes a private fenced front patio, a one‑car garage with backyard access, and a spacious fenced backyard overlooking the greenbelt
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 | $30.0k | $17.04 |
| − Vacancy | −$4.1k | −$2.35 |
| EGI | $25.8k | $14.69 |
| − OpEx | −$7.7k | −$4.41 |
| NOI | $18.1k | $10.29 |
1,758 SF · lease $17.04/SF/yr · vacancy 13.77% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.3K
$226.0K – $301.4K
NOI $18,082 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$226.8K
$198.4K – $264.6K
NOI $15,873 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$556.9K
$487.3K – $649.8K
NOI $38,985 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers 2 beds, 1 bath, updated interiors, a fenced front patio, and a fenced backyard overlooking a greenbelt.
Where is this duplex located?
The property is located at 409/411 Lake Creek Cir Round Rock, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Duplex built in 1978 with two units, each offering 2 bedrooms and 1 bathroom; Updated interiors in both units, including updated kitchens, lighting, bath cabinetry, and flooring (no carpet; no popcorn ceilings); Each unit includes a private fenced front patio, a one‑car garage with backyard access, and a spacious fenced backyard overlooking the greenbelt
