Updated Duplex: Income
1202 Loyal Lane, Killeen, TX 76549
MULTI_FAMILY - Other - Killeen, TX
Property size:
2,408 SFLot size:
0.20 AcresPrice / SF:
$140/SF- Added:
- Apr 3, 2026
- Days on Market:
- 70
- Last Refresh:
- Jun 11 at 5:06 pm
Property Features for 1202 Loyal Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3
- Parking features
- Garage
- Interior features
- CeilingFans, Chandelier, HandicapAccess, ShowerOnly, SeparateShower, TubShower, Vanity, WalkInClosets, BreakfastArea, GraniteCounters, Pantry
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Microwave, Refrigerator, SomeElectricAppliances, Range
- Standard status
- Active Under Contract
- APN
- 393378
- Size
- 2,408 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OLD 440 VILLAGE, BLOCK 002, LOT 0021
- Tax Annual Amount
- 5619
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Masonry, StoneVeneer
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent Katie Strange License #0743427 (254) 316-9606
Listing office Two Lakes Real Estate 508 N Wall St, TX (254) 415-4040
Listing date Apr 3, 2026
MLS# 609503
Listing URL
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.
HighLights
- Duplex built in 2014 with 2 units: Unit A (2 bed/2 bath) and Unit B (3 bed/2 bath)
- Unit A features handicap accessibility, including accessible entrance doors and an accessible primary bathroom with walk‑in shower and grab bars
- Tenant‑occupied Unit B with a lease in place through July 29, 2026, generating $1,345/month rental income
- Each unit includes a one‑car garage, private backyard space, and driveway parking, plus separate HVAC systems and water heaters
- Updated interiors include granite counters, pantry space, ceramic tile flooring, new carpet, and fresh interior paint
- New 30‑year impact‑resistant architectural shingle roof; brick/masonry/stone veneer construction; electric and central heating/cooling
Overview
This updated duplex features two distinct units, offering functionality, flexibility, and income potential. Unit A includes 2 bedrooms and 2 bathrooms and has been designed with handicap accessibility in mind, featuring handicap-accessible entrance doors and a handicap-accessible primary bathroom with a handicap-accessible sink, walk-in shower, and grab bars. The primary suite includes double doors for added ease of access. The interior features ceramic tile flooring, new carpet, fresh interior paint, built-ins, a pantry, and a separate laundry room. The kitchen features granite countertops, stainless steel appliances, and a subway tile backsplash, all complemented by updated light fixtures. Unit B offers a 3-bedroom, 2-bath layout featuring ceramic tile flooring, shower/tub combinations in both bathrooms, a pantry, and a dedicated laundry room. This unit is currently tenant-occupied with a lease in place through July 29, 2026, generating $1,345 per month in rental income. Each unit includes its own one-car garage, private backyard space, and driveway parking, along with separate HVAC systems and water heaters. The exterior has been freshly painted, and the property is topped with a new 30-year impact-resistant architectural shingle roof. The property is located in Killeen, TX, and sits on a lot of 0.2015 acres. The property size is 2408 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $13.20 |
| − Vacancy | −$2.1k | −$0.85 |
| EGI | $29.7k | $12.35 |
| − OpEx | −$8.9k | −$3.70 |
| NOI | $20.8k | $8.64 |
2,408 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$275.1K
$240.7K – $320.9K
NOI $19,256 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$578.4K
$506.1K – $674.8K
NOI $40,487 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.764113
- Latitude
- 31.083924
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated duplex with two units, ideal for investors.
Where is this duplex located?
The property is located at 1202 Loyal Lane Killeen, TX.
What is the asking price?
The asking price for this property is $338,900.
What are key features of this property?
This property features: Duplex built in 2014 with 2 units: Unit A (2 bed/2 bath) and Unit B (3 bed/2 bath); Unit A features handicap accessibility, including accessible entrance doors and an accessible primary bathroom with walk‑in shower and grab bars; Tenant‑occupied Unit B with a lease in place through July 29, 2026, generating $1,345/month rental income
