Remodeled Fully Leased
621 Greenlawn Blvd Round Rock, TX 78664
For Sale
$485,000
Fully leased duplex updated in 2016 with vinyl plank flooring and LED lighting throughout.
Property Size2,124 SF
Price / SF$228.34
Days on Market30
Property Features for 621 Greenlawn Blvd
General Information
Standard status
Active
Size
2,124 SF
Property subtype
Multi Family Home
Building Details
Year Built
1985
Listing Agency:
Buono & Associates
(512) 956-3114
Listed By:
James Buono
Source:
Loessinproperties
Added: Jun 30
Changed: Jul 28
Last Checked: Jul 29 at 12:34PM
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 Buono & Associates
Investment Insights
Based on property information with market context.
This fully leased duplex was remodeled in 2016 and includes in-unit appliances such as a refrigerator, dishwasher, and microwave. The units feature ceiling fans throughout and LED lighting throughout, with vinyl plank flooring throughout and no carpet.
The property offers easy access to IH-35, I-45, I-30, Mopac, and 620, and it is close to Dell and other employers.
With a duplex configuration and current occupancy, the property presents a straightforward residential income asset for an owner or investor seeking established rental operations.
The property offers easy access to IH-35, I-45, I-30, Mopac, and 620, and it is close to Dell and other employers.
With a duplex configuration and current occupancy, the property presents a straightforward residential income asset for an owner or investor seeking established rental operations.
Key Highlights
- Fully leased duplex in Round Rock
- Remodeled in 2016 with vinyl plank flooring throughout (no carpet)
- Kitchen appliances included: refrigerator, dishwasher, and microwave
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 | $36.2k | $17.04 |
| − Vacancy | −$5.0k | −$2.35 |
| EGI | $31.2k | $14.69 |
| − OpEx | −$9.4k | −$4.41 |
| NOI | $21.8k | $10.29 |
2,124 SF · lease $17.04/SF/yr · vacancy 13.77% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$274.0K
$239.7K – $319.6K
NOI $19,177 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,102 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex updated in 2016 with vinyl plank flooring and LED lighting throughout.
Where is this duplex located?
The property is located at 621 Greenlawn Blvd Round Rock, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Fully leased duplex in Round Rock; Remodeled in 2016 with vinyl plank flooring throughout (no carpet); Kitchen appliances included: refrigerator, dishwasher, and microwave
