Duplex with
For Sale
$330,000
908 Lasso Drive, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,694 SF
Lot Size0.21 Acres
Price / SF$122.49
Days on Market192
Property Features for 908 Lasso Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Dining Room, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Parking features
Garage
Patio and Porch features
Patio, Porch
Interior features
CeilingFans, DiningArea, SeparateFormalDiningRoom, DoubleVanity, LaminateCounters, TubShower, WalkInClosets, WindowTreatments, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Exterior features
CoveredPatio, Porch
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Oven, Refrigerator, SomeElectricAppliances, Microwave
Subdivision
Texas North Sub Rep
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Hay Branch Elementary School
Middle school
Eastern Hills Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
North on Roy Reynolds. Take a right onto Rustler followed by a left on Lasso. property will be on the left hand side before the curve.
Standard status
Active
APN
414788
Size
2,694 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TEXAS NORTH SUBDIVISION REPLAT # 1, BLOCK 002, LOT 0019
Tax Annual Amount
7067
HOA Fee
$150 Quarterly
Legal Description
TEXAS NORTH SUBDIVISION REPLAT # 1, BLOCK 002, LOT 0019
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
LapSiding, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Added: Mar 6
Changed: Sep 13
Last Checked: Sep 14 at 4:06AM
MLS# 606378
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.
Built in 2019, this duplex contains 2,694 square feet across two residences, with each unit offering 3 bedrooms and 2 bathrooms. Both sides feature laminate flooring, walk-in closets, ceiling fans, dining areas, pantry storage, and kitchens equipped with electric ranges, refrigerators, dishwashers, disposals, and microwaves. A 1-car garage, covered patio, and porch add practical functionality.
The property occupies 0.2107 acres and is served by public water and public sewer. Central electric heating and cooling support both units. One residence is currently leased on a month-to-month basis, creating flexibility for an owner-occupant arrangement or continued rental use. The property is located at 908 Lasso Drive in Killeen, Texas.
The property occupies 0.2107 acres and is served by public water and public sewer. Central electric heating and cooling support both units. One residence is currently leased on a month-to-month basis, creating flexibility for an owner-occupant arrangement or continued rental use. The property is located at 908 Lasso Drive in Killeen, Texas.
Key Highlights
- 2,694‑square‑foot duplex built in 2019
- Each unit includes 3 bedrooms and 2 bathrooms
- One unit is leased month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,700
$465.7K
Cap Rate 7%
$332,643
$332.6K
Cap Rate 9%
$258,722
$258.7K
Market Conditions
NOI Build-Up for 2,694 SF
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.
Gross rent
$35.6K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$33.3K $12.35/SF
− OpEx
−$10.0K −$3.70/SF
NOI
$23.3K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$465,700
Cap Rate 7%
$332,643
Cap Rate 9%
$258,722
Alternative Uses
Best Use
Multifamily LT 5
$332.6K
$291.1K – $388.1K
NOI $23,285 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,543 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$647.1K
$566.2K – $754.9K
NOI $45,295 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout allows an owner to occupy one residence while leasing the other.
Where is this duplex located?
The property is located at 908 Lasso Drive Killeen, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,694‑square‑foot duplex built in 2019; Each unit includes 3 bedrooms and 2 bathrooms; One unit is leased month‑to‑month
