Killeen Duplex with
1303 Nicholas Circle Killeen, TX 76542
For Sale
$300,000
MULTI_FAMILY - Ranch - Killeen, TX
Property Size2,482 SF
Lot Size0.22 Acres
Price / SF$120.87
Days on Market149
Property Features for 1303 Nicholas Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Open, Garage
- Patio and Porch features
- Patio
- Interior features
- CeilingFans, DoubleVanity, GardenTubRomanTub, LaminateCounters, TubShower, WalkInClosets, WindowTreatments, BreakfastArea, KitchenDiningCombo, Pantry
- Exterior features
- CoveredPatio
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, RangeHood, WaterHeater, SomeElectricAppliances, Range
- Standard status
- Active
- APN
- 365971
- Size
- 2,482 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- KINGWOOD ESTATES, BLOCK 001, LOT 0016
- Tax Annual Amount
- 6025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Brick, BrickVeneer, LapSiding, Masonry
- Roof type
- Composition, Shingle
- Architectural style
- Ranch
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Added: Feb 28
Changed: Jul 18
Last Checked: Jul 27 at 6:06AM
MLS# 605955
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.
Located in the south-central community of Killeen, the property at 1303 Nicholas Circle is a duplex constructed by Kingsbury Homes. It is situated within walking distance of Lions Park off Trimmier Road. Each side of the duplex features a layout consisting of 3 bedrooms, 2 baths, and a 1-car garage. The backyard is fully fenced, incorporating both a wooden privacy fence and chain link down the middle. The primary bedroom includes a walk-in closet and double vanities in the master bath, along with an oval garden shower and tub combination. Additional amenities include garage door openers, a computer desk off the hallway, a separate dining area, ceiling fans, and ceramic tile in the foyer, kitchen, bathroom, and laundry rooms. The property is situated on a lot of 0.2202 acres and the total property size is 2482 square feet. One unit is vacant and suitable for a VA or FHA owner occupant.
Key Highlights
- Kingsbury Homes‑built duplex (2005) in south‑central Killeen
- Layout per side: 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Primary suite includes a walk‑in closet and master bath with double vanities plus oval garden shower/tub combo
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 | $32.8k | $13.20 |
| − Vacancy | −$2.1k | −$0.85 |
| EGI | $30.6k | $12.35 |
| − OpEx | −$9.2k | −$3.70 |
| NOI | $21.5k | $8.64 |
2,482 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.5K
$268.2K – $357.5K
NOI $21,452 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Killeen, featuring garages and fenced yards.
Where is this duplex located?
The property is located at 1303 Nicholas Circle Killeen, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Kingsbury Homes‑built duplex (2005) in south‑central Killeen; Layout per side: 3 bedrooms, 2 bathrooms, and a 1‑car garage; Primary suite includes a walk‑in closet and master bath with double vanities plus oval garden shower/tub combo
