Georgetown Duplex on Large
For Sale
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40202 Settlers Path, Georgetown, TX 78626
Income-producing duplex in Georgetown on a .88 acre lot.
Property Size3,584 SF
Lot Size0.88 Acres
Price / SF$206.19
Days on Market1585
Property Features for 40202 Settlers Path
General Information
Standard status
Active
Size
3,584 SF
Lot size
0.88 Acres
Property subtype
Multifamily
Building Details
Year Built
1986
Year Renovated
2020
Buildings
4
Stories
2
Units
2
Listing Agency:
RRA Realty LLC
Listed By:
Rob Hinton · License #TX 645215
Source:
Crexi
Added: May 7, 2022
Changed: Aug 16
Last Checked: Sep 5 at 9:27PM
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 RRA Realty LLC
Investment Insights
Based on property information with market context.
This 3,500+ square foot duplex in Georgetown, Texas, presents an opportunity for investment, income generation, or residential use. Situated on a .88 acre lot near the 130-Tollway and I-35, the property features a floor plan with ample space, a detached shed/workshop, two garages, driveways, and parking. Each side of the duplex includes three bedrooms, bonus rooms/office spaces, laundry rooms, and 3.5 bathrooms. The left unit was updated in 2020 with new wood floors, an upgraded kitchen, and updated bathrooms. The entire building has a newer roof, and the well, well-house, and pump were upgraded in 2021. The exterior features stone siding on the front and hardy board around the rest of the main building. The Tesla Giga-Factory is located along the 130, and the Samsung campus in Taylor is easily accessible. The Circuit of the Americas, Austin’s Q2 Soccer stadium, downtown Georgetown, Downtown Austin, the Austin-Bergstrom Airport, and The Domain are also easily accessible, with restaurants and retail in the surrounding area.
Key Highlights
- Income‑producing duplex with 3,500+ sq ft on a .88 acre lot.
- Prime location near 130‑Tollway and I‑35, offering easy access to Tesla Giga‑Factory, Samsung campus, Austin, and Georgetown.
- Updated left unit (2020) with new wood floors, upgraded kitchen & baths.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,980
$1.2M
Cap Rate 7%
$858,557
$858.6K
Cap Rate 9%
$667,767
$667.8K
Market Conditions
NOI Build-Up for 3,584 SF
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.
Gross rent
$90.3K $25.20/SF
− Vacancy
−$4.5K −$1.24/SF
EGI
$85.9K $23.96/SF
− OpEx
−$25.8K −$7.19/SF
NOI
$60.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,980
Cap Rate 7%
$858,557
Cap Rate 9%
$667,767
Alternative Uses
Best Use
Multifamily LT 5
$858.6K
$751.2K – $1.00M
NOI $60,099 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$784.9K
$686.8K – $915.7K
NOI $54,940 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,874 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 78626, TX
39,935
Population
16,866
Households
2.4
Avg Household Size
34
Median Age
36%
College-Educated
90%
High-School Grad
88.6 sq mi
ZIP Area
451
Density / Sq Mi
$94,967
Median Household Income
$44,955
Median Earnings
$1,752
Median Rent
$358,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex in Georgetown on a .88 acre lot.
Where is this duplex located?
The property is located at 40202 Settlers Path Georgetown, TX.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Income‑producing duplex with 3,500+ sq ft on a .88 acre lot.; Prime location near 130‑Tollway and I‑35, offering easy access to Tesla Giga‑Factory, Samsung campus, Austin, and Georgetown.; Updated left unit (2020) with new wood floors, upgraded kitchen & baths.**
