Duplex with New
New
For Sale
$259,900
1207 Wales Drive, Killeen, TX 76549
One residence is leased, while the other is vacant; each has a private one-car garage.
Property Size2,424 SF
Price / SF$107.22
Days on Market2
Property Features for 1207 Wales Drive
General Information
Standard status
Active
Size
2,424 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
fireplace
Ceiling Fan(s)
Building Details
Building Size
2,424 SF
Year Built
1976
Units
2
Listing Agency:
Soldiers of Real Estate
(254) 618-5140
Listed By:
Steven Darden · License #0477241
(254) 458-4668
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:15AM
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 Soldiers of Real Estate
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Investment Insights
Based on property information with market context.
This 2,424-square-foot duplex in Killeen contains two residences: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. The larger unit has a living-room fireplace. Each residence includes a one-car garage. The building was constructed in 1976, and a new roof was installed in January 2025.
One unit is currently rented, and the other is vacant. The property has a single water meter, with the landlord responsible for the water bill.
One unit is currently rented, and the other is vacant. The property has a single water meter, with the landlord responsible for the water bill.
Key Highlights
- 2,424‑square‑foot duplex built in 1976
- Unit A: 3 bedrooms, 2 bathrooms, living‑room fireplace, and currently vacant
- Unit B: 2 bedrooms and 1 bathroom; currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,951
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,020
$419.0K
Cap Rate 7%
$299,300
$299.3K
Cap Rate 9%
$232,789
$232.8K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$32.0K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$29.9K $12.35/SF
− OpEx
−$9.0K −$3.70/SF
NOI
$21.0K $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%
$419,020
Cap Rate 7%
$299,300
Cap Rate 9%
$232,789
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,951 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.1K
NOI $19,384 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$582.2K
$509.5K – $679.3K
NOI $40,756 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
118
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other is vacant; each has a private one-car garage.
Where is this duplex located?
The property is located at 1207 Wales Drive Killeen, TX.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2,424‑square‑foot duplex built in 1976; Unit A: 3 bedrooms, 2 bathrooms, living‑room fireplace, and currently vacant; Unit B: 2 bedrooms and 1 bathroom; currently rented
