Residential Income
531 S 54th Street Killeen, TX 76543
For Sale
$335,000
MULTI_FAMILY - Contemporary - Killeen, TX
Property Size2,668 SF
Lot Size0.21 Acres
Price / SF$125.56
Days on Market252
Property Features for 531 S 54th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
CeilingFans, KitchenDiningCombo
Fencing
Privacy
Appliances
Dishwasher, ElectricCooktop, Disposal
Standard status
Active
APN
383178
Size
2,668 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SIMMONS 1ST, BLOCK 001, LOT 0059
Tax Annual Amount
6085
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Masonry
Roof type
Composition, Shingle
Architectural style
Contemporary
Listing Agency:
Level Up Real Estate
(254) 226-3033
Listed By:
Ademola Olatunji · License #0659322
(910) 258-4043
Added: Nov 19, 2025
Changed: Jul 26
Last Checked: Jul 29 at 1:06PM
MLS# 598162
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 duplex is offered for sale as a residential income property with approximately 2,668 square feet of building area on a 0.2089-acre lot.
The property is located at 531 S 54th Street in Killeen, Bell County, Texas 76543.
The property is located at 531 S 54th Street in Killeen, Bell County, Texas 76543.
Key Highlights
- Year built 2006 with contemporary architectural style
- Masonry construction
- Interior features include ceiling fans and a kitchen‑dining combo
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 | $35.2k | $13.20 |
| − Vacancy | −$2.3k | −$0.85 |
| EGI | $32.9k | $12.35 |
| − OpEx | −$9.9k | −$3.70 |
| NOI | $23.1k | $8.64 |
2,668 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.4K
$288.3K – $384.3K
NOI $23,060 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,335 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$640.8K
$560.7K – $747.6K
NOI $44,858 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - For sale residential income duplex on a 0.2089-acre lot in Killeen, TX.
Where is this duplex located?
The property is located at 531 S 54th Street Killeen, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Year built 2006 with contemporary architectural style; Masonry construction; Interior features include ceiling fans and a kitchen‑dining combo
