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Two-Unit Duplex with Brick Exterior
For Sale
$375,000

610/608 Greenlawn Blvd, Round Rock, TX 78664

Two one-bedroom residences share a single-story layout, each with central electric HVAC and a kitchen appliance package.

Property Size1,645 SF
Price / SF$227.96
Days on Market49

Property Features for 610/608 Greenlawn Blvd

General Information

Standard status Active
Size 1,645 SF
Property subtype Multi Family Home

Site & Location

Neighborhood Greenslopes at Lake Creek

Units

Unit Mix 2 x 1BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,959

Building Details

Building Size 1,645 SF
Year Built 1985
Buildings 1
Stories 1
Construction brick
Listing Agency: Real Broker, LLC
Listed By: Dylan Jankovich · License #0683031
Source: Georgereinemund
Added: Sep 11 Changed: Oct 26 Last Checked: Oct 26 at 3:59AM

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 Real Broker, LLC

Rey
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Investment Insights

Based on property information with market context.

This single-story duplex contains two one-bedroom units totaling 1,645 square feet. Both residences have tile flooring, central electric heating and air conditioning, and kitchens equipped with an oven and refrigerator. The building has a brick exterior and a composition roof, and was built in 1985.

The property is within Round Rock ISD in Round Rock, Texas, with access to shopping, dining, employment centers, and major roadways.

Key Highlights

  • Two one‑bedroom units in a single‑story duplex
  • 1,645 square feet of total building area
  • Central electric heating and air conditioning in both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$16,920
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,400 $338.4K
Cap Rate 7%
$241,714 $241.7K
Cap Rate 9%
$188,000 $188.0K
Market Conditions
NOI Build-Up for 1,645 SF
Gross rent
$28.0K $17.04/SF
− Vacancy
−$3.9K −$2.35/SF
EGI
$24.2K $14.69/SF
− OpEx
−$7.3K −$4.41/SF
NOI
$16.9K $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%
$338,400
Cap Rate 7%
$241,714
Cap Rate 9%
$188,000

Alternative Uses

Best Use
Multifamily LT 5
$241.7K
$211.5K – $282.0K (±1% cap)
NOI $16,920 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$212.2K
$185.7K – $247.5K (±1% cap)
NOI $14,852 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$521.1K
$456.0K – $608.0K (±1% cap)
NOI $36,480 @ 7.0% cap · market cap 9.73%
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

455
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom residences share a single-story layout, each with central electric HVAC and a kitchen appliance package.
Where is this duplex located?
The property is located at 610/608 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: Two one‑bedroom units in a single‑story duplex; 1,645 square feet of total building area; Central electric heating and air conditioning in both units
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