Duplex With Private
511-513 Lion DR, Leander, TX 78641
For Sale
$899,000
Each residence has a garage, a covered patio, and its own yard.
Property Size3,753 SF
Price / SF$239.54
Days on Market236
Property Features for 511-513 Lion DR
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
University Realty
Listed By:
Tiffany Stillwell
(512) 474-9400
Source:
Goodrich-realty
Added: Mar 19
Changed: Nov 8
Last Checked: Nov 9 at 7:51PM
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 University Realty
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Investment Insights
Based on property information with market context.
This 3,753-square-foot duplex, built in 2026, contains two residences. Interior features in each include high ceilings, 8-foot doors, arched openings, and built-in closet systems. Each unit also has a one-car garage with a 220V plug, a separate covered area, a covered patio, and a private yard. The exterior combines stucco and stone.
The property is in Leander, within walking distance of Leander Middle School and Rick Bledsoe Park, and a short drive from Old Town. It is one of three duplexes in the development.
The property is in Leander, within walking distance of Leander Middle School and Rick Bledsoe Park, and a short drive from Old Town. It is one of three duplexes in the development.
Key Highlights
- 3,753‑square‑foot duplex built in 2026
- Two units, each with a one‑car garage and 220V plug
- Each residence has a private yard, covered patio, and additional covered space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,932
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,640
$1.3M
Cap Rate 7%
$899,029
$899.0K
Cap Rate 9%
$699,244
$699.2K
Market Conditions
NOI Build-Up for 3,753 SF
Gross rent
$94.6K $25.20/SF
− Vacancy
−$4.7K −$1.24/SF
EGI
$89.9K $23.96/SF
− OpEx
−$27.0K −$7.19/SF
NOI
$62.9K $16.77/SF
Area
Williamson County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,640
Cap Rate 7%
$899,029
Cap Rate 9%
$699,244
Alternative Uses
Best Use
Multifamily LT 5
$899.0K
$786.7K – $1.05M
NOI $62,932 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$821.9K
$719.1K – $958.8K
NOI $57,530 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,947 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Williamson County, TX
Properties on Market for Duplexes in Williamson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a garage, a covered patio, and its own yard.
Where is this duplex located?
The property is located at 511-513 Lion DR Leander, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,753‑square‑foot duplex built in 2026; Two units, each with a one‑car garage and 220V plug; Each residence has a private yard, covered patio, and additional covered space
