Two-Unit Duplex with
515 Sierra CV, Round Rock, TX 78664
For Sale
$379,900
Both residences are leased and include private outdoor space and an attached garage.
Property Size1,586 SF
Price / SF$239.53
Days on Market183
Property Features for 515 Sierra CV
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
vaulted ceilings
laminate flooring
ceiling fan
gas stove
refrigerator
dishwasher
washer/dryer hookups
side patio
fenced yard
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Compass RE Texas, LLC
Listed By:
Adam Walker · License TX #0521308
(512) 575-3644
Source:
Norawall
Added: May 12
Changed: Nov 7
Last Checked: Nov 9 at 5:01PM
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 Compass RE Texas, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1984 duplex in Round Rock contains two residences, each arranged with two bedrooms, two bathrooms, a living room, kitchen and dining area. The combined building area is 1,586 square feet. Vaulted living-room ceilings and laminate flooring characterize the interior, while kitchens include gas ranges, refrigerators and dishwashers. Each residence also has an attached one-car garage with washer and dryer connections, plus a side patio and fenced yard. Both units are leased.
The property is in Willowbend Estates, with access to I-35 and TX-45. Downtown Round Rock, La Frontera Village, Dell Diamond Park and Old Settlers Park are among the nearby destinations identified for shopping, dining and recreation.
The property is in Willowbend Estates, with access to I-35 and TX-45. Downtown Round Rock, La Frontera Village, Dell Diamond Park and Old Settlers Park are among the nearby destinations identified for shopping, dining and recreation.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,586‑square‑foot duplex built in 1984
- Both units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,313
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,260
$326.3K
Cap Rate 7%
$233,043
$233.0K
Cap Rate 9%
$181,256
$181.3K
Market Conditions
NOI Build-Up for 1,586 SF
Gross rent
$27.0K $17.04/SF
− Vacancy
−$3.7K −$2.35/SF
EGI
$23.3K $14.69/SF
− OpEx
−$7.0K −$4.41/SF
NOI
$16.3K $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%
$326,260
Cap Rate 7%
$233,043
Cap Rate 9%
$181,256
Alternative Uses
Best Use
Multifamily LT 5
$233.0K
$203.9K – $271.9K
NOI $16,313 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$204.6K
$179.0K – $238.7K
NOI $14,320 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$502.4K
$439.6K – $586.2K
NOI $35,171 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
387
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
$317,400
Median Home Value
Market
Average Price Trend$/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 - Both residences are leased and include private outdoor space and an attached garage.
Where is this duplex located?
The property is located at 515 Sierra CV Round Rock, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,586‑square‑foot duplex built in 1984; Both units leased
