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Two-Unit Duplex with Fenced Yard

511 W Hallmark Avenue Killeen, TX 76541

Claim this Listing
For Sale
Under Contract
$129,000

MULTI_FAMILY - Other - Killeen, TX

Property size:
1,410 SF
Lot size:
0.20 Acres
Price / SF:
$91.49/SF
Added:
Jan 13, 2026
Days on Market:
182
Last Refresh:
Jul 14 at 11:06 am

Property Features for 511 W Hallmark Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4
Interior features
CeilingFans, EatInKitchen
Appliances
ElectricRange, Oven, Refrigerator, SomeElectricAppliances
Standard status
Active Under Contract
APN
105253
Size
1,410 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
A0813BC A THOMPSON, 770-39, (64' X 132'), ACRES .195
Tax Annual Amount
2270

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1967
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
WoodSiding
Roof type
Composition, Shingle
Architectural style
Other

Listing agent Milidtza Guerrero License #0624768

Listing office Guerrero Executives Realty 501 Snapper Cove, Killeen, TX

Listing date Jan 13, 2026

MLS# 601785 Listing URL

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 well-maintained duplex offers two separate units within one property, each featuring a functional layout with 2 bedrooms and 1 full bath. The home is configured as a straightforward two-family setup, supporting either tenant occupancy or owner-occupancy with an additional unit. A fenced-in backyard is included, providing a private outdoor space suitable for everyday recreation.

Located at 511 W Hallmark Avenue in Killeen, Texas, the property is presented as conveniently positioned near shopping, dining, and schools. Public remarks also note proximity to Fort Cavazos, placing the duplex within an area that many renters and buyers consider for day-to-day convenience.

For buyers seeking a small residential income property, this duplex provides clear unit separation with matching bedroom and bath configurations across both sides. For owner-occupants, the second unit can support a flexible living arrangement while maintaining a dedicated, private backyard area on the property. With a total building area reported at 1,410 square feet on a 0.195-acre lot, the offering is compact and manageable for those looking for a two-unit residence.

Key Highlights

  • Duplex at 511 W. Hallmark Ave in Killeen
  • 2 separate units, each with 2 bedrooms and 1 full bath
  • Year built: 1967

Local Financial Insights For Apartment 5plus

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 $22.0k $15.60
− Vacancy −$1.5k −$1.06
EGI $20.5k $14.54
− OpEx −$9.2k −$6.54
NOI $11.3k $8.00
1,410 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$174.1K
$152.3K – $203.1K (±1% cap)
NOI $12,187 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$161.1K
$140.9K – $187.9K (±1% cap)
NOI $11,275 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$338.7K
$296.3K – $395.1K (±1% cap)
NOI $23,707 @ 7.0% cap · market cap 18.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Pet Grooming Service Catering Service Restaurant Nursing Home Fish Market Nursing Home Florist Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with two separate 2-bedroom units and a fenced-in backyard for outdoor use.
Where is this duplex located?
The property is located at 511 W Hallmark Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Duplex at 511 W. Hallmark Ave in Killeen; 2 separate units, each with 2 bedrooms and 1 full bath; Year built: 1967
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