Duplex with New
For Sale
$379,900
1105 Grace Point Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size3,448 SF
Lot Size0.23 Acres
Price / SF$110.18
Days on Market304
Property Features for 1105 Grace Point Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3
Interior features
CeilingFans, DoubleVanity, TubShower, KitchenFamilyRoomCombo
Appliances
Dishwasher, ElectricRange, Disposal, Refrigerator, Range
Subdivision
Gentle Grove Add Ph II
Lot features
Outside City Limits, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
HWY 190 take exit 238 TX 195/Fort Hood St Merge onto W. Central TX Expressway. Turn right onto Pershing Dr. and left onto FM 440 and then onto Grace Point Dr.
Standard status
Active
APN
455315
Size
3,448 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GENTLE GROVE ADDITION PHASE III 1ST AMENDMENT, BLOCK 001, LOT 0005
Tax Annual Amount
8608
Legal Description
GENTLE GROVE ADDITION PHASE III 1ST AMENDMENT, BLOCK 001, LOT 0005
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
2
Number of units
1
Flooring type
Laminate, Tile
Building materials
Brick, Stucco
Roof type
Shingle, Composition
Architectural style
Modern
Listing Agency:
JCKey Real Estate
Listed By:
Jackie Hayden · License #0609844
(254) 449-3835
Added: Nov 14, 2025
Changed: Sep 14
Last Checked: Sep 14 at 2:06AM
MLS# 597998
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 2015, this modern duplex contains 3,448 square feet across two residential units. The property features a 2024 roof, brick and stucco construction, laminate and tile flooring, central heating and cooling, and public water service. Each unit includes three bedrooms, a primary suite with a private bathroom and walk-in closet, an additional full bathroom, a downstairs half bath, a formal dining room, family room, laundry room, and storage. Kitchens are equipped with cabinetry, a built-in microwave, dishwasher, range, refrigerator, and disposal.
One unit is vacant and available for viewing, while the other is occupied. Set on 0.2324 acres at 1105 Grace Point Drive in Killeen, the duplex is positioned near Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals.
One unit is vacant and available for viewing, while the other is occupied. Set on 0.2324 acres at 1105 Grace Point Drive in Killeen, the duplex is positioned near Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals.
Key Highlights
- 3,448 square feet in a two‑unit duplex
- New roof installed in 2024
- One unit vacant; second unit occupied
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
$29,801
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
7.84%
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%
$596,020
$596.0K
Cap Rate 7%
$425,729
$425.7K
Cap Rate 9%
$331,122
$331.1K
Market Conditions
NOI Build-Up for 3,448 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
$45.5K $13.20/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$42.6K $12.35/SF
− OpEx
−$12.8K −$3.70/SF
NOI
$29.8K $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%
$596,020
Cap Rate 7%
$425,729
Cap Rate 9%
$331,122
Alternative Uses
Best Use
Multifamily LT 5
$425.7K
$372.5K – $496.7K
NOI $29,801 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.5K
NOI $27,572 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$828.2K
$724.7K – $966.2K
NOI $57,973 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Modern two-story duplex on a cul-de-sac near Fort Cavazos, schools, shopping, medical services, and daily retail amenities.
Where is this duplex located?
The property is located at 1105 Grace Point Drive Killeen, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 3,448 square feet in a two‑unit duplex; New roof installed in 2024; One unit vacant; second unit occupied
