Masonry Duplex with
For Sale
$289,000
3015 Cantabrian Drive, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,226 SF
Lot Size0.31 Acres
Price / SF$129.83
Days on Market80
Property Features for 3015 Cantabrian Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 5
Interior features
CeilingFans, DoubleVanity, TubShower, EatInKitchen
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, Disposal, Refrigerator, SomeElectricAppliances, Microwave, Range
Subdivision
Loma Vista Estates Amd Lt
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
If driving I-14 to Killeen, take Trimmier Exist, turn Left toward Elms Rd, turn Right onto Florence Rd, turn Left onto Granada Dr, turn Right onto Cantabrian Dr, duplex is on the Right facing Toledo Dr. If from I-35 N, take Exit to Killeen/Fort Hood, keep driving to Fort Hood St, take Right onto Loma Vista Pkwy, turn Left onto Cantabrian Dr, the duplex is on the Left facing Toledo Dr
Standard status
Active
APN
168724
Size
2,226 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOMA VISTA ESTATES AMENDED (LTS 1-8 BLK 10), BLOCK 010, LOT 0006
Tax Annual Amount
5125
Legal Description
LOMA VISTA ESTATES AMENDED (LTS 1-8 BLK 10), BLOCK 010, LOT 0006
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Masonry
Roof type
Composition, Shingle
Architectural style
Contemporary
Listing Agency:
Centex Sunshine Realty
(254) 300-8228
Listed By:
Suky Simms · License #0591818
(254) 432-1140
Added: Jun 16
Changed: Sep 3
Last Checked: Sep 3 at 1:06PM
MLS# 617065
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 2,226-square-foot duplex, built in 2001, contains two residences with a three-bedroom, two-bath layout for each unit. Every residence includes a one-car garage, an eat-in kitchen, ceiling fans, double vanities, tub-and-shower bathrooms, and tile flooring without carpet. Kitchens are equipped with electric ranges, refrigerators, dishwashers, disposals, and microwaves. Central electric heating and cooling serve the property, which also features masonry construction, a composition shingle roof, and privacy fencing.
Both units are fully occupied, with current lease terms scheduled to end in March 2027 and May 2027. The property sits on a 0.3149-acre lot at 3015 Cantabrian Drive in Killeen, Texas, with public water and public sewer service.
Both units are fully occupied, with current lease terms scheduled to end in March 2027 and May 2027. The property sits on a 0.3149-acre lot at 3015 Cantabrian Drive in Killeen, Texas, with public water and public sewer service.
Key Highlights
- 2,226‑square‑foot duplex on a 0.3149‑acre lot
- Two 3‑bedroom, 2‑bath units, each with a 1‑car garage
- Fully occupied; leases expire in March 2027 and May 2027
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
$19,240
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
6.66%
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%
$384,800
$384.8K
Cap Rate 7%
$274,857
$274.9K
Cap Rate 9%
$213,778
$213.8K
Market Conditions
NOI Build-Up for 2,226 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
$29.4K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.5K $12.35/SF
− OpEx
−$8.2K −$3.70/SF
NOI
$19.2K $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%
$384,800
Cap Rate 7%
$274,857
Cap Rate 9%
$213,778
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.5K – $320.7K
NOI $19,240 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$534.7K
$467.8K – $623.8K
NOI $37,427 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
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 are occupied under leases extending into 2027, with garage access and tile flooring throughout.
Where is this duplex located?
The property is located at 3015 Cantabrian Drive Killeen, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,226‑square‑foot duplex on a 0.3149‑acre lot; Two 3‑bedroom, 2‑bath units, each with a 1‑car garage; Fully occupied; leases expire in March 2027 and May 2027
