Leased Duplex with Private
New
For Sale
$375,000
416 Greenlawn BLVD, Round Rock, TX 78664
Both residences are occupied and include fireplaces, fenced backyards, covered patios, and in-unit laundry connections.
Property Size1,821 SF
Price / SF$205.93
Days on Market5
Property Features for 416 Greenlawn BLVD
General Information
Standard status
Active
Size
1,821 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,254
Amenities
wood-burning fireplace
fenced backyard
covered patio
in-unit laundry connections
Building Details
Building Size
1,821 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Neighborhood Realty&Prop Mgmt
(512) 335-8686
Listed By:
Patrick Juve · License #0538222
Source:
Denpg
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 4 at 3:33AM
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 Neighborhood Realty&Prop Mgmt
Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains approximately 1,821 square feet across two occupied residences. Each unit offers two bedrooms, two full bathrooms, a wood-burning fireplace, a private one-car garage, a fenced backyard, a covered patio, and in-unit laundry connections. The property is fully leased and generates rental income from both units.
The duplex is located at 416 Greenlawn Blvd in the Greenslopes at Lake Creek subdivision in Round Rock. It sits on a quiet, tree-lined street within a maintained community composed of similar duplex homes. The two-unit configuration and matching residential layouts provide a straightforward income-property format with separate garages and outdoor areas for each residence.
The duplex is located at 416 Greenlawn Blvd in the Greenslopes at Lake Creek subdivision in Round Rock. It sits on a quiet, tree-lined street within a maintained community composed of similar duplex homes. The two-unit configuration and matching residential layouts provide a straightforward income-property format with separate garages and outdoor areas for each residence.
Key Highlights
- Fully leased duplex with both units occupied
- Approximately 1,821 square feet across two units
- Each unit has 2 bedrooms and 2 full bathrooms
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 | $31.0k | $17.04 |
| − Vacancy | −$4.3k | −$2.35 |
| EGI | $26.8k | $14.69 |
| − OpEx | −$8.0k | −$4.41 |
| NOI | $18.7k | $10.29 |
1,821 SF · lease $17.04/SF/yr · vacancy 13.77% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.6K
$234.1K – $312.2K
NOI $18,730 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$234.9K
$205.5K – $274.0K
NOI $16,441 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$576.9K
$504.8K – $673.0K
NOI $40,382 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
506
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include fireplaces, fenced backyards, covered patios, and in-unit laundry connections.
Where is this duplex located?
The property is located at 416 Greenlawn BLVD Round Rock, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully leased duplex with both units occupied; Approximately 1,821 square feet across two units; Each unit has 2 bedrooms and 2 full bathrooms
