Two-Unit
For Sale
$379,900
1105 Grace Point Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size3,448 SF
Lot Size0.23 Acres
Price / SF$110.18
Days on Market337
Property Features for 1105 Grace Point Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1
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
Sewer type
Septic Needed
Heating system
Central, Electric (Heating)
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
Shingle, Composition
Architectural style
Modern
Listing Agency:
JCKey Real Estate
Listed By:
Jackie Hayden · License #0609844
(254) 449-3835
Added: Nov 14, 2025
Changed: Oct 16
Last Checked: Oct 17 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 2015-built duplex contains 3,448 square feet across two residences, each measuring more than 1,700 square feet. The property sits on a 0.2324-acre lot and received a new roof in 2024. One residence is vacant and available to view; the other is occupied.
The home is on a cul-de-sac in Killeen, with Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals among the nearby destinations identified. Each residence is described with three upstairs bedrooms, including a primary bedroom with a walk-in closet and private bath. Downstairs spaces include a kitchen, dining room, family room, laundry area, and half bath. Listed appliances include a dishwasher, range, and refrigerator.
The home is on a cul-de-sac in Killeen, with Fort Cavazos, schools, grocery stores, restaurants, shopping centers, and hospitals among the nearby destinations identified. Each residence is described with three upstairs bedrooms, including a primary bedroom with a walk-in closet and private bath. Downstairs spaces include a kitchen, dining room, family room, laundry area, and half bath. Listed appliances include a dishwasher, range, and refrigerator.
Key Highlights
- 3,448 square feet total, with each residence measuring more than 1,700 square feet
- New roof installed in 2024
- One residence is vacant; the other 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
448
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the second 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 square feet total, with each residence measuring more than 1,700 square feet; New roof installed in 2024; One residence is vacant; the other is occupied
