704 Norris Avenue, Killeen, TX 76541
MULTI_FAMILY - Other - Killeen, TX
- Added:
- Nov 18, 2025
- Days on Market:
- 205
- Last Refresh:
- Jun 11 at 5:06 pm
Property Features for 704 Norris Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
- Parking features
- Garage
- Interior features
- CeilingFans, Chandelier, LaminateCounters, PullDownAtticStairs, TubShower, Vanity, WalkInClosets
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, WaterHeater, SomeElectricAppliances, Range
- Standard status
- Active
- APN
- 510378
- Size
- 2,534 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SPOFFORD ADDITION REPLAT NO 2 (LT PT 4 BLK D), BLOCK 001, LOT 0001
- Tax Annual Amount
- 811
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Vinyl
- Building materials
- HardiplankType
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Katie Strange License #0743427 (254) 316-9606
Listing office Two Lakes Real Estate 508 N Wall St, TX (254) 415-4040
Listing date Nov 18, 2025
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.
HighLights
- Seller will pay buyer's closing costs.
- Brand‑new duplex completed end of April 2026, each side features 3 bedrooms and 2 full bathrooms.
- Ideal location minutes from Fort Cavazos (Fort Hood), major shopping, dining, schools, hospitals, and major roadways.
- Stainless steel appliances included.
- New luxury vinyl plank flooring in main living areas and new carpet in bedrooms.
- Suitable for owner‑occupants, long‑term rentals, or short‑term investment strategies.
Overview
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 | $33.4k | $13.20 |
| − Vacancy | −$2.2k | −$0.85 |
| EGI | $31.3k | $12.35 |
| − OpEx | −$9.4k | −$3.70 |
| NOI | $21.9k | $8.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.736504
- Latitude
- 31.121485
