Brick Duplex with Private
New
For Sale
$330,000
1505 Golden Eagle Court, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,642 SF
Lot Size0.25 Acres
Price / SF$124.91
Days on Market2
Property Features for 1505 Golden Eagle Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
DoubleVanity
Appliances
Dishwasher, ElectricRange, Refrigerator, BuiltInOven, Microwave
Subdivision
Eagles Nest Ph Two
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school
Reeces Creek Elementary School
Middle school
Palo Alto Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
I-14 to exit Fort Hood Rd and turn left on Fort Hood St. south to Jasper rd, Turn right on Golden Eagle Ct,home is on the left.
Standard status
Active
APN
406995
Size
2,642 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
EAGLES NEST PHASE TWO, BLOCK 001, LOT 002B
Tax Annual Amount
6575
Legal Description
EAGLES NEST PHASE TWO, BLOCK 001, LOT 002B
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Homevets Realty Llc · EXIT Realty
(888) 953-8387
Listed By:
Charles Kimble · License #0836662
(254) 585-9668
Added: Sep 1
Last Checked: Sep 2 at 3:06AM
MLS# 622415
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.
This 2,642-square-foot duplex was built in 2007 with four-side brick construction and a composition shingle roof replaced in 2024. Each residence includes three bedrooms, two full bathrooms, a private one-car garage, tile and carpet flooring, central air, and heat-pump heating. Kitchens are equipped with a dishwasher, electric range, refrigerator, built-in oven, and microwave.
The property occupies 0.2501 acres in Killeen, Texas, with public water and sewer service. Its location provides interstate access toward Fort Hood, Austin, and Waco. Separate utility meters support distinct unit operations, while two HVAC systems serve the residences independently. One lease extends through December 2028, and the other is scheduled to end in March 2026, allowing future flexibility for an owner-occupant arrangement while retaining a second leased unit.
The property occupies 0.2501 acres in Killeen, Texas, with public water and sewer service. Its location provides interstate access toward Fort Hood, Austin, and Waco. Separate utility meters support distinct unit operations, while two HVAC systems serve the residences independently. One lease extends through December 2028, and the other is scheduled to end in March 2026, allowing future flexibility for an owner-occupant arrangement while retaining a second leased unit.
Key Highlights
- 2,642‑square‑foot duplex on a 0.2501‑acre lot
- Two 3‑bedroom, 2‑bath units, each with a private one‑car garage
- Four‑side brick construction with composition shingle roof replaced in 2024
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
$22,835
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
6.92%
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%
$456,700
$456.7K
Cap Rate 7%
$326,214
$326.2K
Cap Rate 9%
$253,722
$253.7K
Market Conditions
NOI Build-Up for 2,642 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
$34.9K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.6K $12.35/SF
− OpEx
−$9.8K −$3.70/SF
NOI
$22.8K $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%
$456,700
Cap Rate 7%
$326,214
Cap Rate 9%
$253,722
Alternative Uses
Best Use
Multifamily LT 5
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,127 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$634.6K
$555.3K – $740.4K
NOI $44,421 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
646
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
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 - Two leased units offer separate utility meters and individual HVAC systems.
Where is this duplex located?
The property is located at 1505 Golden Eagle Court Killeen, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,642‑square‑foot duplex on a 0.2501‑acre lot; Two 3‑bedroom, 2‑bath units, each with a private one‑car garage; Four‑side brick construction with composition shingle roof replaced in 2024
