Two-Story Duplex with Private
For Sale
$294,900
1015 N 10th Street, Killeen, TX 76541
Residential, Killeen, TX
Property Size2,614 SF
Lot Size0.16 Acres
Price / SF$112.82
Days on Market35
Property Features for 1015 N 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
Interior features
CeilingFans, DoubleVanity, TubShower, Pantry
Appliances
Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, SomeElectricAppliances, Range
Subdivision
10th Street Dev
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head toward Trimmier Rd, then use the right lane to stay on E Central Texas Expressway. Turn right onto Athens St, continue and turn right onto Bellaire Dr, then turn left onto Trimmier Rd. Continue straight as Trimmier Rd becomes S 10th St, and follow it for about 1.1 miles. The destination, 1015 N 10th St, will be on your left.
Standard status
Active
APN
516449
Size
2,614 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10TH STREET DEVELOPMENT, BLOCK 001, LOT 0001
Tax Annual Amount
6491
Legal Description
10TH STREET DEVELOPMENT, BLOCK 001, LOT 0001
Utilities
Water source
Public
Amenities
private fenced yard
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Flooring type
Paintedstained, Carpet, Concrete
Building materials
Masonry, VinylSiding
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
All City Real Estate
(866) 277-6005
Listed By:
Daisy Ruiz · License #0802660
(915) 242-3634
Added: Aug 4
Changed: Aug 27
Last Checked: Sep 7 at 10:06AM
MLS# 609448
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2023, this two-story duplex contains 2,614 square feet with matching layouts across both residences. Each unit offers three bedrooms, two bathrooms, a flex room, living area, kitchen, pantry, and upstairs bedroom placement. Refrigerators convey with the property, and additional features include dishwashers, electric ranges, disposals, microwaves, ceiling fans, double vanities, and tub-shower combinations.
Both residences include a private fenced yard and designated parking space. One unit is currently rented, providing an existing income component. The property sits on 0.1559 acres at 1015 N 10th Street in Killeen, Texas, with public water service and shingle composition roofing. Fort Hood is approximately 9 minutes away, while urgent care facilities, grocery stores, gas stations, parks, fast food, and restaurants are within a 4-mile radius.
Both residences include a private fenced yard and designated parking space. One unit is currently rented, providing an existing income component. The property sits on 0.1559 acres at 1015 N 10th Street in Killeen, Texas, with public water service and shingle composition roofing. Fort Hood is approximately 9 minutes away, while urgent care facilities, grocery stores, gas stations, parks, fast food, and restaurants are within a 4-mile radius.
Key Highlights
- 2023‑built duplex with 2,614 square feet
- Two matching units, each with 3 bedrooms, 2 bathrooms, and a flex room
- One unit is currently rented with a tenant
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
$22,593
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
7.66%
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%
$451,860
$451.9K
Cap Rate 7%
$322,757
$322.8K
Cap Rate 9%
$251,033
$251.0K
Market Conditions
NOI Build-Up for 2,614 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
$34.5K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.3K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.6K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /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%
$451,860
Cap Rate 7%
$322,757
Cap Rate 9%
$251,033
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$627.9K
$549.4K – $732.5K
NOI $43,950 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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 - Recently built duplex with matching layouts, fenced outdoor areas, and one unit currently occupied by a tenant.
Where is this duplex located?
The property is located at 1015 N 10th Street Killeen, TX.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 2023‑built duplex with 2,614 square feet; Two matching units, each with 3 bedrooms, 2 bathrooms, and a flex room; One unit is currently rented with a tenant
