Two-Unit Duplex with
For Sale
$175,000
1714 Duncan Avenue, Killeen, TX 76541
Residential, Killeen, TX
Property Size1,713 SF
Lot Size0.20 Acres
Price / SF$102.16
Days on Market493
Property Features for 1714 Duncan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Carport
Patio and Porch features
Porch
Interior features
AllBedroomsDown, OpenFloorplan, TubShower
Exterior features
Porch
Appliances
ElectricCooktop, ElectricRange, Refrigerator, WaterHeater
Subdivision
Castle Heights Blks K-Y
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14/US-190, take the WS Young Dr exit and head north. Left turn on Rancier, left on Stewart St, and right on Duncan Ave; the duplex is on the right-hand side.
Special listing conditions
Short Sale, Auction
Standard status
Active
APN
107264
Size
1,713 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CASTLE HEIGHTS (BLKS K-Y), BLOCK 00V, LOT 0016
Tax Annual Amount
2600
Legal Description
CASTLE HEIGHTS (BLKS K-Y), BLOCK 00V, LOT 0016
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
HardiplankType, WoodSiding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Vylla Home
(346) 227-1957
Listed By:
Art Vales · License #0684954
(254) 285-1454
Added: Apr 22, 2025
Changed: Aug 26
Last Checked: Aug 27 at 3:06PM
MLS# 575912
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 duplex contains 1,713 square feet with two separate residences, each offering two bedrooms and one bathroom. Interior features include an open floor plan, laminate flooring, tub-and-shower bathrooms, electric cooking appliances, refrigerators, and water heaters. A porch, carport, composition shingle roof, and HardiePlank-type and wood siding provide additional property features. The building was constructed in 1956.
The property occupies 0.201 acres and is served by public water and public sewer. Shopping centers, restaurants, parks, and medical facilities are located within a 5-mile radius, providing access to a range of everyday services.
The property occupies 0.201 acres and is served by public water and public sewer. Shopping centers, restaurants, parks, and medical facilities are located within a 5-mile radius, providing access to a range of everyday services.
Key Highlights
- Two‑unit duplex with 1,713 square feet
- Each residence has 2 bedrooms and 1 bathroom
- 0.201‑acre lot
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
$14,806
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
8.46%
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%
$296,120
$296.1K
Cap Rate 7%
$211,514
$211.5K
Cap Rate 9%
$164,511
$164.5K
Market Conditions
NOI Build-Up for 1,713 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
$22.6K $13.20/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$21.2K $12.35/SF
− OpEx
−$6.3K −$3.70/SF
NOI
$14.8K $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%
$296,120
Cap Rate 7%
$211,514
Cap Rate 9%
$164,511
Alternative Uses
Best Use
Multifamily LT 5
$211.5K
$185.1K – $246.8K
NOI $14,806 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,801 @ 7.0% cap · market cap 16.46%
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
333
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 - Both residences include two bedrooms, one bathroom, an open floor plan, and a dedicated living room.
Where is this duplex located?
The property is located at 1714 Duncan Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,713 square feet; Each residence has 2 bedrooms and 1 bathroom; 0.201‑acre lot
