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Killeen Duplex Investment Opportunity

1207 Wales Drive Killeen, TX 76549

Claim this Listing
For Sale
$275,000

MULTI_FAMILY - Killeen, TX

Property size:
2,424 SF
Lot size:
0.19 Acres
Price / SF:
$113.45/SF
Added:
Apr 3, 2026
Days on Market:
103
Last Refresh:
Jul 14 at 6:06 am

Property Features for 1207 Wales Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3
Interior features
CeilingFans
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, ElectricRange, Disposal, Refrigerator, Range
Standard status
Active
APN
109395
Size
2,424 SF
Lot size
0.19 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
HOOD VIEW ADDITION, BLOCK 004, LOT 0011
Tax Annual Amount
5441

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
BrickVeneer
Roof type
Shingle, Composition

Listing agent Steven Darden License #0477241

Listing office Soldiers of Real Estate 4000 Bacon Ranch Road, TX

Listing date Apr 3, 2026

MLS# 609581 Listing URL

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 duplex in Killeen, TX, presents an investment opportunity. Unit A features 3 bedrooms and 2 bathrooms, including a fireplace in the living room, and is currently vacant and ready to show. Unit B offers 2 bedrooms and 1 bathroom and is currently rented at $1,000 per month. The property has a total size of 2424 square feet and sits on a lot of 0.186 acres. Each unit includes a 1-car garage and a private fenced backyard. The property operates with a single water meter, which is landlord paid. A new roof is scheduled to be installed in January 2025. The projected rent for Unit A is $1,375 per month. This property offers cash-flow potential or the option to live in one unit and rent out the other.

Key Highlights

  • Duplex at 1207 Wales Drive in Killeen with brick veneer construction and tile flooring
  • Unit A: 3 bed/2 bath with fireplace in living room; currently vacant
  • Unit B: 2 bed/1 bath currently rented for $1,000/month

Local 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 $32.0k $13.20
− Vacancy −$2.1k −$0.85
EGI $29.9k $12.35
− OpEx −$9.0k −$3.70
NOI $21.0k $8.64
2,424 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K (±1% cap)
NOI $20,951 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.1K (±1% cap)
NOI $19,384 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$582.2K
$509.5K – $679.3K (±1% cap)
NOI $40,756 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Kitchen & Bath Showroom Electrical Service Spa & Massage Center Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store Gym & Fitness Center Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex in Killeen, TX with income potential.
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 $275,000.
What are key features of this property?
This property features: Duplex at 1207 Wales Drive in Killeen with brick veneer construction and tile flooring; Unit A: 3 bed/2 bath with fireplace in living room; currently vacant; Unit B: 2 bed/1 bath currently rented for $1,000/month
Contact an agent
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