Contemporary Duplex with New
For Sale
$379,900
1105 Grace Point Drive, Killeen, TX 76549
MULTI_FAMILY - Modern - Killeen, TX
Property Size3,448 SF
Lot Size0.23 Acres
Price / SF$110.18
Days on Market258
Property Features for 1105 Grace Point Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Interior features
CeilingFans, DoubleVanity, TubShower, KitchenFamilyRoomCombo
Appliances
Dishwasher, ElectricRange, Disposal, Refrigerator, Range
Subdivision
Gentle Grove Add Ph II
Lot features
Outside City Limits, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
HWY 190 take exit 238 TX 195/Fort Hood St Merge onto W. Central TX Expressway. Turn right onto Pershing Dr. and left onto FM 440 and then onto Grace Point Dr.
Standard status
Active
APN
455315
Size
3,448 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GENTLE GROVE ADDITION PHASE III 1ST AMENDMENT, BLOCK 001, LOT 0005
Tax Annual Amount
8608
Legal Description
GENTLE GROVE ADDITION PHASE III 1ST AMENDMENT, BLOCK 001, LOT 0005
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
2
Number of units
1
Flooring type
Laminate, Tile
Building materials
Brick, Stucco
Roof type
Composition, Shingle
Architectural style
Modern
Listing Agency:
JCKey Real Estate
(254) 449-3835
Listed By:
Jackie Hayden · License #0609844
(254) 449-3835
Added: Nov 14, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:06PM
MLS# 597998
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 contemporary duplex offers a total of 3,448 square feet, with each unit sized at over 1,700 square feet. Unit A is vacant and ready to view now, while Unit B is currently occupied. Both units feature three bedrooms with the master suite and additional bath accommodations located upstairs. The upstairs also includes a master bath and a minor bath, along with a ceiling fan in the master bedroom and a large walk-in closet with shelving.
Downstairs, each unit includes a half bath and a linen closet for convenience. The layout includes a kitchen with built-in microwave, dishwasher, range oven, and refrigerator, along with separate formal dining and a family room. A dedicated laundry room with storage space rounds out the interior.
A new roof was installed in 2024. The property sits on a cul-de-sac and is located close to Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals.
Downstairs, each unit includes a half bath and a linen closet for convenience. The layout includes a kitchen with built-in microwave, dishwasher, range oven, and refrigerator, along with separate formal dining and a family room. A dedicated laundry room with storage space rounds out the interior.
A new roof was installed in 2024. The property sits on a cul-de-sac and is located close to Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals.
Key Highlights
- $20,000 price reduction; duplex totaling 3,448 sqft with each unit over 1,700 sqft
- New roof installed in 2024
- Unit A is vacant and ready to view; Unit B is occupied
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 | $45.5k | $13.20 |
| − Vacancy | −$2.9k | −$0.85 |
| EGI | $42.6k | $12.35 |
| − OpEx | −$12.8k | −$3.70 |
| NOI | $29.8k | $8.64 |
3,448 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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 - Each side offers spacious two-story living with a 2024 new roof and one unit currently vacant for viewing.
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: $20,000 price reduction; duplex totaling 3,448 sqft with each unit over 1,700 sqft; New roof installed in 2024; Unit A is vacant and ready to view; Unit B is occupied
