508 Rhode Island Street Killeen, TX 76541
MULTI_FAMILY - Other - Killeen, TX
- Added:
- Apr 1, 2026
- Days on Market:
- 105
- Last Refresh:
- Jul 14 at 12:06 pm
Property Features for 508 Rhode Island Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
- Interior features
- CeilingFans, MultipleClosets, TubShower, Vanity
- Appliances
- ExhaustFan, ElectricRange, GasWaterHeater, MultipleWaterHeaters, Refrigerator, SomeElectricAppliances
- Standard status
- Active
- APN
- 105126
- Size
- 960 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAMP ADDITION, BLOCK 007, LOT 0010
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- WoodSiding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Beker Garcia License #0828786 (254) 534-9054
Listing office Compass Re Texas, Llc 5960 Berkshire Lane #700, TX (214) 814-8100
Listing date Apr 1, 2026
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.
Key Highlights
- Fully vacant duplex with both units move‑in ready
- Two identical units: 1‑bedroom, 1‑bath floor plan on each side
- Just seconds from Fort Hood
Local 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 | $12.7k | $13.20 |
| − Vacancy | −$819 | −$0.85 |
| EGI | $11.9k | $12.35 |
| − OpEx | −$3.6k | −$3.70 |
| NOI | $8.3k | $8.64 |
