Single-Story Duplex With Fenced
For Sale
$299,900
3504 Dustin Court, Killeen, TX 76549
MULTI_FAMILY - Killeen, TX
Property Size2,590 SF
Lot Size0.31 Acres
Price / SF$115.79
Days on Market347
Property Features for 3504 Dustin Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 6
Patio and Porch features
Patio
Fencing
Fenced
High school district
KILLEEN ISD
Directions
Head northeast toward E Central Texas Expy Turn right onto E Central Texas Expy Turn right onto O W Curry Dr Turn right onto Bacon Ranch Rd Turn left onto S W S Young Dr Turn right onto Elms Rd Turn right onto Dustin Ct
Standard status
Active
Size
2,590 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2690
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Flooring type
Carpet, Laminate
Building materials
Brick
Listing Agency:
Your Home SOLD Guaranteed Realty Shelly Salas
(254) 768-0190
Listed By:
Shelly Salas
(254) 768-0190
Added: Sep 11, 2025
Changed: Aug 4
Last Checked: Aug 23 at 11:06AM
MLS# 11571437
Copyright © 2026 My State MLS. 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.
Single-story duplex set on approximately 0.307 acres, offering a combined 2,590 square feet across two separate units. Constructed in 2003 with brick construction, the property provides six bedrooms and four bathrooms total, with each side designed as a three-bedroom, two-bath layout. Living and dining areas flow to the kitchen to create an open, functional feel within each unit.
Interiors include carpet and laminate flooring and electric heating. The property is served by public water and features a patio, along with fenced outdoor space for privacy and practical everyday use.
Financing options listed include cash, conventional, FHA, VA, Texas Vet, and USDA.
Interiors include carpet and laminate flooring and electric heating. The property is served by public water and features a patio, along with fenced outdoor space for privacy and practical everyday use.
Financing options listed include cash, conventional, FHA, VA, Texas Vet, and USDA.
Key Highlights
- Approximately 0.307 acres with a fenced yard and patio
- Combined 2,590 SF across two separate units
- Built in 2003 brick duplex, single‑story design
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
$22,386
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
7.46%
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%
$447,720
$447.7K
Cap Rate 7%
$319,800
$319.8K
Cap Rate 9%
$248,733
$248.7K
Market Conditions
NOI Build-Up for 2,590 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
$34.2K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.0K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.4K $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%
$447,720
Cap Rate 7%
$319,800
Cap Rate 9%
$248,733
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K
NOI $22,386 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.2K
NOI $20,711 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
147
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Single-story duplex featuring two units, six bedrooms, four bathrooms, and a fenced yard with patio.
Where is this duplex located?
The property is located at 3504 Dustin Court Killeen, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 0.307 acres with a fenced yard and patio; Combined 2,590 SF across two separate units; Built in 2003 brick duplex, single‑story design
