Fully Occupied
For Sale
$95,000
Pending
1414 MULFORD Street, Killeen, TX 76541
Duplex is fully occupied, with owner-paid water and electricity and recent interior and exterior updates.
Property Size960 SF
Days on Market459
Property Features for 1414 MULFORD Street
General Information
Standard status
Pending
Size
960 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Entire Real Estate
(512) 869-9953
Listed By:
Cynthia Ross · License #0597654
(512) 869-9953
Source:
Exitrealty
Added: Apr 28, 2025
Changed: Jul 20
Last Checked: Jul 30 at 8:20AM
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 Entire Real Estate
Investment Insights
Based on property information with market context.
This fully occupied duplex provides residential income with tenants paying on time. The landlord covers water and electricity, and rent rolls and leases are available through supplemental documents. Recent improvements include new interior and exterior paint, new vinyl plank flooring, and bathroom updates.
The property is centrally located in Killeen, Texas.
With two rental units under current occupancy, the building offers a straightforward setup for investors seeking ongoing collected rent while managing utilities directly.
The property is centrally located in Killeen, Texas.
With two rental units under current occupancy, the building offers a straightforward setup for investors seeking ongoing collected rent while managing utilities directly.
Key Highlights
- Duplex built in 1956 and fully occupied with tenants paying on time
- Owner pays water and electricity
- Recent updates include new interior and exterior paint and new vinyl plank flooring
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 | $12.7k | $13.20 |
| − Vacancy | −$819 | −$0.85 |
| EGI | $11.9k | $12.35 |
| − OpEx | −$3.6k | −$3.70 |
| NOI | $8.3k | $8.64 |
960 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$118.5K
$103.7K – $138.3K
NOI $8,297 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$109.7K
$96.0K – $128.0K
NOI $7,677 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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 - Duplex is fully occupied, with owner-paid water and electricity and recent interior and exterior updates.
Where is this duplex located?
The property is located at 1414 MULFORD Street Killeen, TX.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Duplex built in 1956 and fully occupied with tenants paying on time; Owner pays water and electricity; Recent updates include new interior and exterior paint and new vinyl plank flooring
