Duplex with Private
700 Misty Morning WAY # B Unit A and B, Round Rock, TX 78664
For Sale
$399,900
Both residences offer three bedrooms, two bathrooms, and an attached single-car garage.
Property Size2,004 SF
Price / SF$199.55
Days on Market128
Property Features for 700 Misty Morning WAY # B Unit A and B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Runners Real Estate LLC
Listed By:
Jila Nelson
(512) 537-1673
Source:
Austinchoicerealty
Added: Jul 3
Changed: Nov 7
Last Checked: Nov 7 at 12:46PM
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 Runners Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,004-square-foot duplex, built in 1983, contains two matching residences. Each has three bedrooms, two bathrooms, a single-car garage, and fenced outdoor space at the rear and side. Interior improvements include granite kitchen counters, stainless steel appliances, wood-look tile flooring, updated lighting and ceiling fans, and fresh paint. Exterior work includes replacement siding and a metal roof. The property is fully occupied, with tenants in place for more than 15 years and 3 years, respectively.
Major highways provide routes toward Austin and nearby cities. Downtown Round Rock, shopping, parks, and recreational destinations are also in the surrounding area.
Major highways provide routes toward Austin and nearby cities. Downtown Round Rock, shopping, parks, and recreational destinations are also in the surrounding area.
Key Highlights
- Two residences totaling 2,004 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and a single‑car garage
- Fully occupied; tenant tenures exceed 15 years and 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,612
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,240
$412.2K
Cap Rate 7%
$294,457
$294.5K
Cap Rate 9%
$229,022
$229.0K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$34.1K $17.04/SF
− Vacancy
−$4.7K −$2.35/SF
EGI
$29.4K $14.69/SF
− OpEx
−$8.8K −$4.41/SF
NOI
$20.6K $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%
$412,240
Cap Rate 7%
$294,457
Cap Rate 9%
$229,022
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$258.5K
$226.2K – $301.6K
NOI $18,094 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,441 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
642
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
$317,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 offer three bedrooms, two bathrooms, and an attached single-car garage.
Where is this duplex located?
The property is located at 700 Misty Morning WAY # B Unit A and B Round Rock, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residences totaling 2,004 square feet; Each unit has 3 bedrooms, 2 bathrooms, and a single‑car garage; Fully occupied; tenant tenures exceed 15 years and 3 years
