Updated
New
For Sale
$400,000
414 Cypress Ln, Round Rock, TX 78664
Each residence pairs an open living, dining, and kitchen area with a fenced yard and one-car garage.
Property Size2,027 SF
Price / SF$197.34
Days on Market3
Property Features for 414 Cypress Ln
General Information
Standard status
Active
Size
2,027 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private fenced yards
Building Details
Year Built
1984
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Yusuf Johnson
Source:
Cityviewtx
Added: Oct 4
Last Checked: Oct 5 at 10:39PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 1984 duplex contains 2,027 square feet, with two updated residences offering three bedrooms and two full baths apiece. Both sides have open living, dining, and kitchen areas, wood-plank laminate flooring in the main living spaces, butcher-block kitchen counters, stainless steel appliances, private fenced yards, and one-car garages. One residence is leased through March 31, 2027; the other is vacant.
The property sits at the end of a cul-de-sac and has access to East Bowman Road and I-35. Downtown Round Rock, Old Settlers Park, Dell Diamond, shopping, dining, and employment centers are nearby.
The property sits at the end of a cul-de-sac and has access to East Bowman Road and I-35. Downtown Round Rock, Old Settlers Park, Dell Diamond, shopping, dining, and employment centers are nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full baths
- 2,027 square feet; built in 1984
- One residence leased through March 31, 2027; second residence vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,849
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,980
$417.0K
Cap Rate 7%
$297,843
$297.8K
Cap Rate 9%
$231,656
$231.7K
Market Conditions
NOI Build-Up for 2,027 SF
Gross rent
$34.5K $17.04/SF
− Vacancy
−$4.8K −$2.35/SF
EGI
$29.8K $14.69/SF
− OpEx
−$8.9K −$4.41/SF
NOI
$20.8K $10.29/SF
Area
Round Rock, TX
Vacancy
13.77%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,980
Cap Rate 7%
$297,843
Cap Rate 9%
$231,656
Alternative Uses
Best Use
Multifamily LT 5
$297.8K
$260.6K – $347.5K
NOI $20,849 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$261.4K
$228.8K – $305.0K
NOI $18,301 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$642.2K
$561.9K – $749.2K
NOI $44,951 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 78664, TX
60,287
Population
24,259
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
3,632
Density / Sq Mi
$85,919
Median Household Income
$45,700
Median Earnings
$1,645
Median Rent
$317,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence pairs an open living, dining, and kitchen area with a fenced yard and one-car garage.
Where is this duplex located?
The property is located at 414 Cypress Ln Round Rock, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full baths; 2,027 square feet; built in 1984; One residence leased through March 31, 2027; second residence vacant
