Ranch Duplex with Fenced
For Sale
$300,000
1303 Nicholas Circle, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,482 SF
Lot Size0.22 Acres
Price / SF$120.87
Days on Market227
Property Features for 1303 Nicholas Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Parking features
Garage, Open
Patio and Porch features
Patio
Interior features
CeilingFans, DoubleVanity, GardenTubRomanTub, LaminateCounters, TubShower, WalkInClosets, WindowTreatments, BreakfastArea, KitchenDiningCombo, Pantry
Exterior features
CoveredPatio
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, RangeHood, WaterHeater, SomeElectricAppliances, Range
Subdivision
Kingwood Estates
Lot features
City Lot, Level, Sprinklers In Ground, Less Than Quarter Acre
Elementary school
Saegert Elementary School
Middle school
Liberty Hill Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14: South On Trimmier Road, Cross Over Stan Schuleter Loop; Left On Nicholas Circle.
Standard status
Active
APN
365971
Size
2,482 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KINGWOOD ESTATES, BLOCK 001, LOT 0016
Tax Annual Amount
6025
Legal Description
KINGWOOD ESTATES, BLOCK 001, LOT 0016
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
fenced backyard
garage door openers
computer desk off hallway
separate dining area
ceiling fans
ceramic tile in foyer, kitchen, bathroom, and laundry rooms
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Brick, BrickVeneer, LapSiding, Masonry
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Added: Feb 28
Changed: Sep 15
Last Checked: Oct 13 at 5:06AM
MLS# 605955
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.
Built in 2005, this 2,482-square-foot ranch duplex contains two residences, each offering 3 bedrooms, 2 baths, and a 1-car garage. Interior details include walk-in closets, double vanities, garden tub and shower combinations, ceiling fans, pantry storage, and ceramic tile in the foyer, kitchen, bathrooms, and laundry rooms. Each side also includes a separate dining area and a computer desk near the hallway. Garage door openers, central electric heating and cooling, public water, and public sewer support daily use. The rear yard is enclosed with a wooden privacy fence, with chain-link fencing dividing the two sides. Both units are rented. The property is located in Killeen’s South-Central community, within walking distance of Lions Park and near Trimmier Road.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 baths, and a 1‑car garage per side
- 2,482 square feet on a 0.2202‑acre lot
- Built in 2005 with ranch‑style construction
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.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed residences feature garage parking, defined dining areas, and a fenced backyard with separate outdoor space.
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: Two‑unit duplex with 3 bedrooms, 2 baths, and a 1‑car garage per side; 2,482 square feet on a 0.2202‑acre lot; Built in 2005 with ranch‑style construction
