Kingsbury Duplex with Fenced
1303 Nicholas Circle Killeen, TX 76542
For Sale
$300,000
Each side features 3 bedrooms, 2 baths, and a 1-car garage, with fenced back yards and apartment B vacant.
Property Size2,482 SF
Price / SF$120.87
Days on Market183
Property Features for 1303 Nicholas Circle
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Duplex
Building Details
Year Built
2005
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy · License #0433118
(254) 200-3800
Source:
Xome
Added: Jan 27
Changed: Jul 21
Last Checked: Jul 29 at 4:26AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
1303 Nicholas Circle is a Kingsbury Homes-built duplex located in the south-central community of Killeen. The property is arranged as a 1-owner duplex with a layout consisting of 3 bedrooms, 2 baths, and a 1-car garage per side. Each unit includes separate dining space, ceiling fans, and ceramic tile in the foyer, kitchen, bathrooms, and laundry rooms. Interior details include a computer desk off the hallway, garage door openers, and a primary bedroom suite with a walk-in closet and master bath amenities such as double vanities and a garden shower/tub combination. Apt B is vacant and ready for VA/FHA owner-occupant use.
The back yards are fully fenced, with both a wooden privacy fence and chain link down the middle.
Additional notes from the listing include a walk-in closet, double vanities in the master bath, and a fenced yard configuration that separates the two sides of the duplex.
The back yards are fully fenced, with both a wooden privacy fence and chain link down the middle.
Additional notes from the listing include a walk-in closet, double vanities in the master bath, and a fenced yard configuration that separates the two sides of the duplex.
Key Highlights
- Kingsbury Homes built duplex (Year built 2005) with 3 bed/2 bath and a 1‑car garage on each side
- Apartment B is vacant and ready for VA/FHA owner‑occupant financing
- Fenced back yards with both a wooden privacy fence and chain link fencing down the middle
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 | $32.8k | $13.20 |
| − Vacancy | −$2.1k | −$0.85 |
| EGI | $30.6k | $12.35 |
| − OpEx | −$9.2k | −$3.70 |
| NOI | $21.5k | $8.64 |
2,482 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.5K
$268.2K – $357.5K
NOI $21,452 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Each side features 3 bedrooms, 2 baths, and a 1-car garage, with fenced back yards and apartment B vacant.
Where is this duplex located?
The property is located at 1303 Nicholas Circle Killeen, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Kingsbury Homes built duplex (Year built 2005) with 3 bed/2 bath and a 1‑car garage on each side; Apartment B is vacant and ready for VA/FHA owner‑occupant financing; Fenced back yards with both a wooden privacy fence and chain link fencing down the middle
