Occupied
For Sale
$320,000
1306 Chips, Killeen, TX 76549
Each residence features three bedrooms, two bathrooms, and a mix of tile and carpet flooring.
Property Size2,580 SF
Price / SF$124.03
Days on Market26
Property Features for 1306 Chips
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2007
Listing Agency:
Armadillo Properties
Listed By:
Denise Zehr (254) 547-0505 · License #0417966
(254) 681-0282
Source:
Muzzypropertygroup
Added: Oct 4
Changed: Oct 26
Last Checked: Oct 28 at 8:38AM
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 Armadillo Properties
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,580-square-foot duplex contains two occupied residences. Each side has three bedrooms and two bathrooms, with ceramic tile in the kitchen and bathrooms and carpet in the living spaces and bedrooms.
The property is at 1306 Chips in Killeen, near Fort Hood, schools, shopping, and major commuter routes.
The property is at 1306 Chips in Killeen, near Fort Hood, schools, shopping, and major commuter routes.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Both units are currently occupied
- 2,580 square feet
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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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
368
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features three bedrooms, two bathrooms, and a mix of tile and carpet flooring.
Where is this duplex located?
The property is located at 1306 Chips 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 and 2 bathrooms; Both units are currently occupied; 2,580 square feet
