Duplex with Attached
For Sale
$300,000
1303 Nicholas Circle, Killeen, TX 76542
Each residence has a separate dining area, a fenced backyard, and a primary bedroom with a walk-in closet.
Property Size2,482 SF
Price / SF$120.87
Days on Market243
Property Features for 1303 Nicholas Circle
General Information
Standard status
Active
Size
2,482 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-2
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Average Monthly Rent
$1,100
Tenant in Place
Yes
Amenities
Garage Door Openers
Computer Desk Off The Hallway
Separate Dining Area
Ceiling fans
Ceramic tile
Ceiling Fan(s)
Double Vanity
Garden Tub/Roman Tub
Laminate Counters
Tub Shower
Walk-In Closet(s)
Window Treatments
Breakfast Area
Kitchen/Dining Combo
Pantry
Covered Patio
Building Details
Building Size
2,482 SF
Year Built
2005
Buildings
1
Stories
1
Units
2
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Source:
Harkerheightsproperties
Added: Feb 28
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this R-2-zoned duplex contains 2,482 square feet. Each residence has three bedrooms, two bathrooms, and a one-car garage. Interior features include a separate dining area, a hallway computer desk, ceiling fans, and ceramic tile in the foyer, kitchen, bathrooms, and laundry rooms. The primary bedroom includes a walk-in closet, while the primary bathroom has double vanities and a tub-shower combination.
The property at 1303 Nicholas Circle in Killeen is within walking distance of Lions Park. A fenced backyard includes wood privacy fencing and a chain-link divider between the two sides. Both residences are currently rented.
The property at 1303 Nicholas Circle in Killeen is within walking distance of Lions Park. A fenced backyard includes wood privacy fencing and a chain-link divider between the two sides. Both residences are currently rented.
Key Highlights
- 2,482‑square‑foot duplex built in 2005
- Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- R‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,452
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,040
$429.0K
Cap Rate 7%
$306,457
$306.5K
Cap Rate 9%
$238,356
$238.4K
Market Conditions
NOI Build-Up for 2,482 SF
Gross rent
$32.8K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.6K $12.35/SF
− OpEx
−$9.2K −$3.70/SF
NOI
$21.5K $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%
$429,040
Cap Rate 7%
$306,457
Cap Rate 9%
$238,356
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.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
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 - Each residence has a separate dining area, a fenced backyard, and a primary bedroom with a walk-in closet.
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: 2,482‑square‑foot duplex built in 2005; Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; R‑2 zoning
