Brick Duplex with Covered
For Sale
$320,000
1304 Cinch Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,580 SF
Lot Size0.20 Acres
Price / SF$124.03
Days on Market181
Property Features for 1304 Cinch Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Garage
Patio and Porch features
Patio, Porch
Interior features
CeilingFans, DoubleVanity, LaminateCounters, TubShower, WalkInClosets, WindowTreatments, BreakfastArea, KitchenDiningCombo, Pantry
Exterior features
CoveredPatio, Porch
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
Saddleridge Estates Ph One
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Haynes Elementary School
Middle school
Roy J Smith Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
South On Hwy 195; Turn Right On Stan Schlueter Loop; Left On Saddleridge Drive, Right On Cinch Drive, The Property is on the left side.
Standard status
Active
APN
385301
Size
2,580 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SADDLERIDGE ESTATES PHASE ONE, BLOCK 003, LOT 0030
Tax Annual Amount
6483
Legal Description
SADDLERIDGE ESTATES PHASE ONE, BLOCK 003, LOT 0030
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered porches
covered patios
fenced yard
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Carpet, 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: Aug 20
Last Checked: Aug 28 at 11:06AM
MLS# 605993
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.
This ranch-style duplex contains two residences within a 2,580-square-foot property. Each side provides 3 bedrooms, 2 bathrooms, and a 1-car garage. The exterior combines four-sided brick construction with stone accents, covered porches, covered patios, and a privacy-fenced yard separated between the two units.
Interior features include tile flooring in the kitchens, dining areas, and bathrooms, along with carpeted spaces, ceiling fans, walk-in closets, pantry storage, and a hallway computer nook. Both primary bathrooms include dual sinks and a garden tub with shower combination. Kitchens include dishwashers, electric ranges, refrigerators, range hoods, and disposals.
The property is at 1304 Cinch Drive in Killeen, near the intersections of Hwy 195 and Stan Schlueter Loop. Public water and sewer serve the property. The lease for Apartment A expires 1-31-2027, while Apartment B’s lease expires 5-31-2026.
Interior features include tile flooring in the kitchens, dining areas, and bathrooms, along with carpeted spaces, ceiling fans, walk-in closets, pantry storage, and a hallway computer nook. Both primary bathrooms include dual sinks and a garden tub with shower combination. Kitchens include dishwashers, electric ranges, refrigerators, range hoods, and disposals.
The property is at 1304 Cinch Drive in Killeen, near the intersections of Hwy 195 and Stan Schlueter Loop. Public water and sewer serve the property. The lease for Apartment A expires 1-31-2027, while Apartment B’s lease expires 5-31-2026.
Key Highlights
- 2,580‑square‑foot duplex with two 3‑bedroom, 2‑bath residences
- Each side includes a 1‑car garage
- Four‑sided brick exterior with stone accents
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
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
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 - Two three-bedroom residences feature private garages, fenced outdoor areas, and functional interior layouts.
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: 2,580‑square‑foot duplex with two 3‑bedroom, 2‑bath residences; Each side includes a 1‑car garage; Four‑sided brick exterior with stone accents
