Income-Generating Duplex Near Fort
For Sale
$285,000
3704 Gus Drive, Killeen, TX 76549
MULTI_FAMILY - Other - Killeen, TX
Property Size2,450 SF
Lot Size0.19 Acres
Price / SF$116.33
Days on Market81
Property Features for 3704 Gus Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 4, Dining Room
Parking features
Garage
Interior features
CeilingFans, DiningArea, SeparateFormalDiningRoom, DoubleVanity, LaminateCounters, LivingDiningRoom, PullDownAtticStairs, TubShower, WalkInClosets, WindowTreatments, EatInKitchen, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Oven, Refrigerator, SomeElectricAppliances
Subdivision
Lonesome Dove Sub Phas
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Willow Springs Elementary School
Middle school
Roy J Smith Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Stan Schlueter. Take a right onto Robinette. Take a right on Gus. Property will be on your right hand side.
Standard status
Active
APN
232286
Size
2,450 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LONESOME DOVE SUBDIVISION PHASE TWO, BLOCK 001, LOT 0008
Tax Annual Amount
5597
Legal Description
LONESOME DOVE SUBDIVISION PHASE TWO, BLOCK 001, LOT 0008
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
Carpet, Tile
Building materials
Brick, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Added: May 11
Changed: Jul 30
Last Checked: Jul 30 at 7:06PM
MLS# 613193
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 income-generating duplex, located in Killeen, TX, is positioned as an investment opportunity. The property is situated minutes from Fort Hood. The property contains 2,450 square feet of space and sits on a lot of 0.1901 acres. Both sides of the duplex are currently occupied. Showings are available by appointment only, with 24 hours notice.
Key Highlights
- Duplex with both sides occupied and income‑generating per public remarks
- Located only minutes from Fort Hood; showings by appointment with 24 hours notice
- Built in 2001 with brick/masonry construction
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $13.20 |
| − Vacancy | −$2.1k | −$0.85 |
| EGI | $30.3k | $12.35 |
| − OpEx | −$9.1k | −$3.70 |
| NOI | $21.2k | $8.64 |
2,450 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,193 @ 7.0% cap · market cap 14.45%
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
381
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 - Duplex in Killeen, TX, near Fort Hood.
Where is this duplex located?
The property is located at 3704 Gus Drive Killeen, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex with both sides occupied and income‑generating per public remarks; Located only minutes from Fort Hood; showings by appointment with 24 hours notice; Built in 2001 with brick/masonry construction
