Brick Duplex with Fenced
For Sale
$325,000
3003 Baldwin Loop, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,662 SF
Lot Size0.20 Acres
Price / SF$122.09
Days on Market35
Property Features for 3003 Baldwin Loop
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking features
Carport
Interior features
CeilingFans, TubShower, BreakfastBar, KitchenFamilyRoomCombo, Pantry
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, WaterHeater, SomeElectricAppliances, Microwave, Range
Subdivision
Gentle Grove Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Pershing Park Elementary School
Middle school
Patterson Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I 14 take exit for Fort Hood Street head Sout turn Right on Kathy Drive then left on Old FM 440, follow down left on Baldwin.
Standard status
Active
APN
331856
Size
2,662 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
GENTLE GROVE ADDITION, BLOCK 001, LOT 0031
Tax Annual Amount
6744
Legal Description
GENTLE GROVE ADDITION, BLOCK 001, LOT 0031
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
side porch
fenced backyard
Building Details
Year built
2008
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Brick, Masonry
Roof type
Composition, Shingle
Architectural style
Ranch
Listing Agency:
Lone Star Realty & Property Ma
(254) 699-7003
Listed By:
Karen Doerbaum · License #0386068
(254) 290-0718
Added: Jul 20
Changed: Aug 20
Last Checked: Aug 23 at 12:06PM
MLS# 619766
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 2008 brick-and-masonry duplex contains 2,662 square feet across two three-bedroom, two-bathroom units. Both sides feature open-concept living areas, high ceilings, natural light, laminate or vinyl flooring, and ceramic tile in the kitchens and bathrooms. Interior amenities include breakfast bars, pantry storage, ceiling fans, dishwashers, electric ranges, refrigerators, microwaves, and disposals. Each primary bathroom includes a garden tub, broad vanity, and walk-in closet space.
The property sits on 0.2042 acres at 3003 Baldwin Loop in Killeen, Texas. Exterior features include a side porch, an oversized fenced backyard with a sprinkler system, and carport parking. Public water and public sewer serve the property, with central electric heating and cooling and a composition shingle roof.
The property sits on 0.2042 acres at 3003 Baldwin Loop in Killeen, Texas. Exterior features include a side porch, an oversized fenced backyard with a sprinkler system, and carport parking. Public water and public sewer serve the property, with central electric heating and cooling and a composition shingle roof.
Key Highlights
- Duplex with 3 bedrooms and 2 bathrooms on each side
- 2,662 square feet on a 0.2042‑acre lot
- Built in 2008 with brick and masonry construction
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
$23,008
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
7.08%
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%
$460,160
$460.2K
Cap Rate 7%
$328,686
$328.7K
Cap Rate 9%
$255,644
$255.6K
Market Conditions
NOI Build-Up for 2,662 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
$35.1K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.9K $12.35/SF
− OpEx
−$9.9K −$3.70/SF
NOI
$23.0K $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%
$460,160
Cap Rate 7%
$328,686
Cap Rate 9%
$255,644
Alternative Uses
Best Use
Multifamily LT 5
$328.7K
$287.6K – $383.5K
NOI $23,008 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$639.4K
$559.5K – $746.0K
NOI $44,757 @ 7.0% cap · market cap 13.77%
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
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
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 ranch-style units offer three-bedroom layouts, durable finishes, and private outdoor space for residential rental use.
Where is this duplex located?
The property is located at 3003 Baldwin Loop Killeen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 2 bathrooms on each side; 2,662 square feet on a 0.2042‑acre lot; Built in 2008 with brick and masonry construction
