Two-Story Duplex with Detached
For Sale
$879,000
Ab-4010 Cima Serena Drive, Austin, TX 78759
Both residences include detached garages with dedicated work and storage areas.
Property Size3,029 SF
Price / SF$290.19
Days on Market15
Property Features for Ab-4010 Cima Serena Drive
General Information
Standard status
Active
Size
3,029 SF
Property subtype
Residential Income
Site & Location
Neighborhood
North Shoal Creek
Highway Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,755
Amenities
detached garages
work areas
storage
stainless steel appliances
private fenced backyard
patio
wood-burning stove
Building Details
Stories
2
Listing Agency:
Team West Real Estate LLC
(512) 296-0669
Listed By:
Nevada Wood
(512) 565-1779
Source:
Exprealty
Added: Oct 17
Changed: Oct 30
Last Checked: Oct 30 at 2:52PM
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 Team West Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,029-square-foot, two-story duplex contains two three-bedroom residences. One has two bathrooms, high ceilings, a combined living and dining area, and a fenced backyard with a patio. The other offers two and a half bathrooms, a primary bedroom on the main level, and a wood-burning stove. Interior finishes include tile on the lower levels and luxury vinyl plank upstairs. Each unit has its own detached garage with work and storage space. Recent work in the second residence includes new recessed living-room lighting and refinished kitchen and bathroom surfaces, along with a replacement sink and pull-down faucet.
The property is across the street from Anderson High School and near Murchison Middle School. MoPac and US-183 provide access to shopping, dining, and entertainment in the surrounding area.
The property is across the street from Anderson High School and near Murchison Middle School. MoPac and US-183 provide access to shopping, dining, and entertainment in the surrounding area.
Key Highlights
- 3,029‑square‑foot duplex with two stories
- Two three‑bedroom units: one with 2 bathrooms and one with 2.5
- Detached garage for each residence, with work and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,745
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,900
$894.9K
Cap Rate 7%
$639,214
$639.2K
Cap Rate 9%
$497,167
$497.2K
Market Conditions
NOI Build-Up for 3,029 SF
Gross rent
$67.2K $22.20/SF
− Vacancy
−$3.3K −$1.10/SF
EGI
$63.9K $21.10/SF
− OpEx
−$19.2K −$6.33/SF
NOI
$44.7K $14.77/SF
Area
Austin, TX
Vacancy
4.94%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,900
Cap Rate 7%
$639,214
Cap Rate 9%
$497,167
Alternative Uses
Best Use
Multifamily LT 5
$639.2K
$559.3K – $745.8K
NOI $44,745 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,087 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 78759, TX
42,333
Population
23,843
Households
1.8
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,960
Density / Sq Mi
$102,799
Median Household Income
$67,807
Median Earnings
$1,680
Median Rent
$634,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include detached garages with dedicated work and storage areas.
Where is this duplex located?
The property is located at Ab-4010 Cima Serena Drive Austin, TX.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 3,029‑square‑foot duplex with two stories; Two three‑bedroom units: one with 2 bathrooms and one with 2.5; Detached garage for each residence, with work and storage areas
