Duplex with New
For Sale
$379,900
1105 Grace Point Dr, Killeen, TX 76549
Each residence offers three upstairs bedrooms, a separate dining room, and a dedicated laundry area.
Property Size3,448 SF
Price / SF$110.18
Days on Market346
Property Features for 1105 Grace Point Dr
General Information
Standard status
Active
Size
3,448 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2015
Listing Agency:
JCKey Real Estate
Listed By:
Jackie Hayden (254) 449-3835 · License #0609844
(254) 449-3835
Source:
Homeguidecentraltexas
Added: Nov 2, 2025
Changed: Oct 6
Last Checked: Oct 12 at 8:02PM
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 was built in 2015 and received a new roof in 2024. Each unit exceeds 1,700 square feet and has three upstairs bedrooms, including a primary bedroom with an en-suite bath and walk-in closet. The upper level also includes a second full bathroom; downstairs are a half bath, kitchen, formal dining room, family room, and laundry room with storage. Kitchen appliances include a built-in microwave, dishwasher, range oven, and refrigerator. Unit A is vacant, while Unit B is occupied.
The property is on a cul-de-sac in Killeen, close to Fort Cavazos and near schools, grocery stores, restaurants, shopping centers, and hospitals.
The property is on a cul-de-sac in Killeen, close to Fort Cavazos and near schools, grocery stores, restaurants, shopping centers, and hospitals.
Key Highlights
- 3,448 SF total; each unit is over 1,700 SF
- New roof installed in 2024
- Unit A is vacant; Unit B is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,801
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
2
Residential units
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
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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 - Each residence offers three upstairs bedrooms, a separate dining room, and a dedicated laundry area.
Where is this duplex located?
The property is located at 1105 Grace Point Dr 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 total; each unit is over 1,700 SF; New roof installed in 2024; Unit A is vacant; Unit B is occupied
