Two-Unit Duplex with
For Sale
$385,000
508/510 Greenlawn Blvd, Round Rock, TX 78664
Both residences are tenant-occupied and feature fenced backyards for private outdoor use.
Property Size1,812 SF
Price / SF$212.47
Days on Market44
Property Features for 508/510 Greenlawn Blvd
General Information
Standard status
Active
Size
1,812 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Site & Location
Neighborhood
Greenslopes at Lake Creek
Highway Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,403
Amenities
laundry hookups
fully fenced backyard
mature trees
private outdoor space
Built-in Features
Ceiling Fan(s)
Vaulted Ceiling(s)
Stone Counters
Electric Dryer Hookup
No Interior Steps
Open Floorplan
Pantry
Primary Bedroom on Main
Washer Hookup
Private Entrance
Private Yard
Building Details
Building Size
1,812 SF
Year Built
1984
Stories
1
Tenancy
Multi
Listing Agency:
T J Lewis Real Estate
(512) 335-1104
Listed By:
Kyle Pfaffe · License #0603696
(512) 636-9707
Source:
Casadulcerealty
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 6 at 2:34AM
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 T J Lewis Real Estate
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Investment Insights
Based on property information with market context.
This Round Rock duplex contains two one-story residences, each with two bedrooms and two bathrooms. Interior features include vaulted ceilings, durable flooring without carpet, a brick fireplace, and an open kitchen with stainless-steel appliances, a gas range, and a pantry. Each home also has a primary suite with a walk-in closet, a second bedroom on the opposite side of the layout, and an attached one-car garage with laundry hookups.
Both units are tenant-occupied and have fenced backyards. The property was built in 1984 and is served by Round Rock ISD. Nearby destinations include Brushy Creek Regional Trail, Veterans Park, Lake Creek Park & Pool, and Clay Madsen Recreation Center. Road connections include I-35, Hwy 79, SH-45 Toll, and SH-130.
Both units are tenant-occupied and have fenced backyards. The property was built in 1984 and is served by Round Rock ISD. Nearby destinations include Brushy Creek Regional Trail, Veterans Park, Lake Creek Park & Pool, and Clay Madsen Recreation Center. Road connections include I-35, Hwy 79, SH-45 Toll, and SH-130.
Key Highlights
- Two tenant‑occupied residences, each with 2 bedrooms and 2 bathrooms
- One‑story layouts with vaulted ceilings and no carpet
- Attached one‑car garage and laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,637
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,740
$372.7K
Cap Rate 7%
$266,243
$266.2K
Cap Rate 9%
$207,078
$207.1K
Market Conditions
NOI Build-Up for 1,812 SF
Gross rent
$30.9K $17.04/SF
− Vacancy
−$4.3K −$2.35/SF
EGI
$26.6K $14.69/SF
− OpEx
−$8.0K −$4.41/SF
NOI
$18.6K $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%
$372,740
Cap Rate 7%
$266,243
Cap Rate 9%
$207,078
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$233.0K – $310.6K
NOI $18,637 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$233.7K
$204.5K – $272.7K
NOI $16,360 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$574.0K
$502.3K – $669.7K
NOI $40,183 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied and feature fenced backyards for private outdoor use.
Where is this duplex located?
The property is located at 508/510 Greenlawn Blvd Round Rock, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two tenant‑occupied residences, each with 2 bedrooms and 2 bathrooms; One‑story layouts with vaulted ceilings and no carpet; Attached one‑car garage and laundry hookups for each unit
