Duplex with Private
For Sale
$300,000
1305 Nicholas Circle, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,482 SF
Lot Size0.22 Acres
Price / SF$120.87
Days on Market178
Property Features for 1305 Nicholas Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 2
Patio and Porch features
Porch, Patio
Interior features
CeilingFans, DoubleVanity, GardenTubRomanTub, LaminateCounters, TubShower, WalkInClosets, WindowTreatments, KitchenDiningCombo, Pantry
Exterior features
CoveredPatio, Porch
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
Kingwood Estates
Lot features
City Lot, Level, 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: Exit Trimmier Road; South On Trimmier Road, Cross Over Stan Schlueter Loop; Left On Nicholas Circle, The Duplex Is Ahead on The Left Side.
Standard status
Active
APN
365972
Size
2,482 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KINGWOOD ESTATES, BLOCK 001, LOT 0017
Tax Annual Amount
6025
Legal Description
KINGWOOD ESTATES, BLOCK 001, LOT 0017
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
garage door openers
computer desk
separate dining area
ceiling fans
ceramic tile flooring
fully fenced backyard
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
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: Mar 3
Changed: Aug 27
Last Checked: Aug 28 at 11:06AM
MLS# 606644
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 brick duplex contains 2,482 square feet and is arranged as two three-bedroom, two-bath residences, each with a one-car garage. The ranch-style layout includes separate dining areas, walk-in closets, ceiling fans, and ceramic tile in the foyers, kitchens, bathrooms, and laundry rooms. Primary suites feature double vanities and garden tub-shower combinations. Additional improvements include garage door openers, covered patio and porch areas, public water and sewer, central electric heating and cooling, and privacy fencing with a chain-link divider between the backyards.
The property occupies 0.2202 acres at 1305 Nicholas Circle in Killeen, Texas, near Lions Park, Trimmier Road, and Stan Schlueter Loop. One unit is vacant and available for access through a combination lockbox. The duplex has had one owner.
The property occupies 0.2202 acres at 1305 Nicholas Circle in Killeen, Texas, near Lions Park, Trimmier Road, and Stan Schlueter Loop. One unit is vacant and available for access through a combination lockbox. The duplex has had one owner.
Key Highlights
- 2,482‑square‑foot duplex on a 0.2202‑acre lot
- Two 3‑bedroom, 2‑bath units with a 1‑car garage per side
- Built in 2005 with brick and masonry exterior materials
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
$21,452
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
7.15%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 ranch-style units offer fenced outdoor space, dedicated garages, and practical owner-occupant functionality.
Where is this duplex located?
The property is located at 1305 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 on a 0.2202‑acre lot; Two 3‑bedroom, 2‑bath units with a 1‑car garage per side; Built in 2005 with brick and masonry exterior materials
