Brick Duplex with Covered
New
For Sale
$320,000
1304 Cinch Drive, Killeen, TX 76549
Two separate homes offer three-bedroom layouts, individual garages, and divided outdoor space.
Property Size2,580 SF
Price / SF$124.03
Days on Market2
Property Features for 1304 Cinch Drive
General Information
Standard status
Active
Size
2,580 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
R-2
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
covered porches
covered patios
fenced yard
computer nook
dual sink
garden tub/shower combination
Ceiling Fan(s)
Double Vanity
Laminate Counters
Tub Shower
Walk-In Closet(s)
Window Treatments
Breakfast Area
Kitchen/Dining Combo
Pantry
Covered Patio
Porch
Building Details
Building Size
2,580 SF
Year Built
2007
Buildings
1
Units
2
Construction
brick
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:20AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,580-square-foot duplex contains two residences, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. The exterior combines brick and stone detailing, with covered porches and patios. A fenced yard is divided between the two units. Inside, each home features a living room, tile flooring in the kitchen, dining area, and bathrooms, plus a hallway computer nook. The primary bathroom includes dual sinks and a tub-and-shower combination.
The property is in Killeen near the junction of Hwy 195 and Stan Schlueter Loop. It is zoned R-2. Apartment A’s lease expires 1-31-2027, and Apartment B’s lease expires 5-31-2026.
The property is in Killeen near the junction of Hwy 195 and Stan Schlueter Loop. It is zoned R-2. Apartment A’s lease expires 1-31-2027, and Apartment B’s lease expires 5-31-2026.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,580‑square‑foot duplex built in 2007
- Brick exterior with stone accents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,299
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,980
$446.0K
Cap Rate 7%
$318,557
$318.6K
Cap Rate 9%
$247,767
$247.8K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$34.1K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$31.9K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.3K $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%
$445,980
Cap Rate 7%
$318,557
Cap Rate 9%
$247,767
Alternative Uses
Best Use
Multifamily LT 5
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$619.7K
$542.2K – $723.0K
NOI $43,379 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
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Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
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 - Two separate homes offer three-bedroom layouts, individual garages, and divided outdoor space.
Where is this duplex located?
The property is located at 1304 Cinch Drive Killeen, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,580‑square‑foot duplex built in 2007; Brick exterior with stone accents
