3-Bedroom
New
For Sale
$320,000
1306 Chips, Killeen, TX 76549
Both residences are occupied and offer ceramic tile in kitchens and bathrooms, with carpet in living areas and bedrooms.
Property Size2,580 SF
Price / SF$124.03
Days on Market2
Property Features for 1306 Chips
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Ceiling Fan(s)
Kitchen/Dining Combo
Building Details
Building Size
2,580 SF
Year Built
2007
Units
2
Listing Agency:
Armadillo Properties
(254) 547-0505
Listed By:
Denise Zehr · License #0417966
(254) 681-0282
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:24AM
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 duplex contains 2,580 square feet and is arranged as two residences. Each side has three bedrooms and two bathrooms, with a functional floor plan. Ceramic tile covers the kitchen and bathroom floors; carpet is used in the living spaces and bedrooms. Both units are occupied.
The property is in Killeen, near Fort Hood, schools, shopping, and major commuter routes.
The property is in Killeen, near Fort Hood, schools, shopping, and major commuter routes.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,580 square feet total
- Both units currently occupied
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
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 - Both residences are occupied and offer ceramic tile in kitchens and bathrooms, with carpet in living areas and bedrooms.
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 units, each with 3 bedrooms and 2 bathrooms; 2,580 square feet total; Both units currently occupied
