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Killeen Multifamily Investment Opportunity

604 Wisconsin Street Killeen, TX 76541

604 Wisconsin Street, Killeen, TX, 76541
$165,000
For Sale
Claim this Listing
$165,000

MULTI_FAMILY - Other - Killeen, TX

Property Size1,278 SF
Lot Size0.12 Acres
Price / SF$129.11
AddedMar 4
Days on Market132
Last RefreshJul 14 at 5:06 pm

Property Features for 604 Wisconsin Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Interior features
Vanity, EatInKitchen
Appliances
ElectricRange, ElectricWaterHeater, MultipleWaterHeaters, Refrigerator, WaterHeater, SomeElectricAppliances
Standard status
Active
APN
114478
Size
1,278 SF
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
SPOFFORD, BLOCK 00A, LOT PT 7, (W 50' X 120' OF 7)
Tax Annual Amount
2607

Utilities

Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1928
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, HardiplankType, Stucco
Roof type
Composition, Shingle
Architectural style
Other

Listing agent Marilyn Metzger License #0763721

Listing office Central Texas H.O.M.E. 1702 Kingman Rd., Killeen, TX

Listing date Mar 4, 2026

MLS# 606043 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 property features two homes situated on a single parcel, which cannot be subdivided or sold separately. It presents an investment opportunity with income potential. The property is located in Killeen, Texas, within Bell County. The lot size is 0.1191 acres. The combined size of the two homes is 1278 square feet. Creative financing or a cash purchase is required. This property is suitable for investors seeking to expand their portfolio with multi-unit potential on a single lot.

Key Highlights

  • Two homes on one parcel (cannot be subdivided or sold separately)
  • 3 bedrooms and 2 bathrooms across the homes (Bedroom 1‑3, Bathroom 1‑2)
  • Year built 1928 with block and stucco construction and Hardiplank‑type siding

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 $16.9k $13.20
− Vacancy −$1.1k −$0.85
EGI $15.8k $12.35
− OpEx −$4.7k −$3.70
NOI $11.0k $8.64
1,278 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$157.8K
$138.1K – $184.1K (±1% cap)
NOI $11,046 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$146.0K
$127.8K – $170.3K (±1% cap)
NOI $10,220 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$307.0K
$268.6K – $358.1K (±1% cap)
NOI $21,488 @ 7.0% cap · market cap 13.02%
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 Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Electrical Service Carpet & Flooring Store Catering Service Pet Store & Service Restaurant

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

FAQs

What type of property is this?
Duplex - Two homes on one parcel with income potential.
Where is this duplex located?
The property is located at 604 Wisconsin Street Killeen, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two homes on one parcel (cannot be subdivided or sold separately); 3 bedrooms and 2 bathrooms across the homes (Bedroom 1‑3, Bathroom 1‑2); Year built 1928 with block and stucco construction and Hardiplank‑type siding
Contact an agent
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