Two-Story Duplex with Spacious
For Sale
$379,900
1105 Grace Point Drive, Killeen, TX 76549
One residence is vacant for viewing, while the other is occupied.
Property Size3,448 SF
Price / SF$110.18
Days on Market319
Property Features for 1105 Grace Point Drive
General Information
Standard status
Active
Size
3,448 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
Central Air, Electric
3
Ceramic Tile, Laminate
Electric Dryer, Dishwasher, Electric Range/Cooktop, Disposal, Refrigerator, Range
Washer Hook Ups
Composition, Shingle
Rear, Wood
Fenced Yard.
1 Garage Spaces.
Stucco, Brick
Back Yard. Asphalt, Concrete Road.
Building Details
Year Built
2015
Buildings
1
Stories
2
Listing Agency:
JCKey Real Estate
Listed By:
Jackie Hayden · License #0609844
(254) 449-3835
Source:
Xome
Added: Oct 20, 2025
Changed: Sep 2
Last Checked: Sep 2 at 3:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JCKey Real Estate
Investment Insights
Based on property information with market context.
This 3,448-square-foot duplex, built in 2015, provides two substantial residential units with matching two-story layouts. Each unit includes three upstairs bedrooms, a primary bathroom, an additional full bathroom, and a half bath on the main level. Primary suites feature walk-in closets, shelving, ceiling fans, and spacious bathrooms. Main-level areas include kitchens with cabinetry, built-in microwaves, dishwashers, ranges, and refrigerators, along with formal dining rooms, family rooms, laundry rooms, and storage. A new roof was installed in 2024.
One unit is vacant and available to view, while the other is occupied. The property sits on a cul-de-sac near Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals. Exterior features include a fenced yard, rear wood elements, stucco and brick finishes, composition shingle roofing, and one garage space.
One unit is vacant and available to view, while the other is occupied. The property sits on a cul-de-sac near Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals. Exterior features include a fenced yard, rear wood elements, stucco and brick finishes, composition shingle roofing, and one garage space.
Key Highlights
- 3,448 SF duplex built in 2015
- New roof installed in 2024
- Each unit is over 1,700 SF with three bedrooms
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
$29,801
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
7.84%
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%
$596,020
$596.0K
Cap Rate 7%
$425,729
$425.7K
Cap Rate 9%
$331,122
$331.1K
Market Conditions
NOI Build-Up for 3,448 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
$45.5K $13.20/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$42.6K $12.35/SF
− OpEx
−$12.8K −$3.70/SF
NOI
$29.8K $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%
$596,020
Cap Rate 7%
$425,729
Cap Rate 9%
$331,122
Alternative Uses
Best Use
Multifamily LT 5
$425.7K
$372.5K – $496.7K
NOI $29,801 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.5K
NOI $27,572 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$828.2K
$724.7K – $966.2K
NOI $57,973 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant for viewing, while the other is occupied.
Where is this duplex located?
The property is located at 1105 Grace Point Drive Killeen, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 3,448 SF duplex built in 2015; New roof installed in 2024; Each unit is over 1,700 SF with three bedrooms
