Duplex with Covered
For Sale
$365,000
1306 Vanguard Lane, Killeen, TX 76549
MULTI_FAMILY - Other - Killeen, TX
Property Size2,606 SF
Lot Size0.20 Acres
Price / SF$140.06
Days on Market45
Property Features for 1306 Vanguard Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Dining Room
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
CeilingFans, DiningArea, SeparateFormalDiningRoom, EatInKitchen, LivingDiningRoom, OpenFloorplan, PullDownAtticStairs, TubShower, Vanity, WalkInClosets, WindowTreatments, BreakfastBar, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Exterior features
CoveredPatio, Porch
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Microwave, Oven, Refrigerator, SomeElectricAppliances, Range
Subdivision
Old 440 Village
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Willow Springs Elementary School
Middle school
Patterson Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Stan Schlueter Loop take a turn onto Old FM 440. Take a left on Stealth Lane. At the stop sign take a right and an immediate left onto Vanguard. Property will be down the block on the left hand side.
Standard status
Active
APN
393300
Size
2,606 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
OLD 440 VILLAGE, BLOCK 001, LOT 0009
Tax Annual Amount
7464
Legal Description
OLD 440 VILLAGE, BLOCK 001, LOT 0009
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Brick, Masonry
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 12 at 5:06AM
MLS# 616760
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 duplex at 1306 Vanguard Lane was built in 2017 and features tile flooring throughout. Each unit is laid out with three bedrooms and two bathrooms, designed for comfortable everyday living. The interior includes a dining area and open floor plan components, along with kitchen features such as a breakfast bar, pantry, and solid surface counters. Central heating and central air are electric, and the home is serviced by public water and public sewer.
Outside, the property offers a porch and a covered patio for outdoor downtime, plus a privacy fence. Parking is provided with a garage.
From an occupancy standpoint, the property notes that one tenant is on a month-to-month (M2M) lease. A 24-hour notice is required for all showings.
Outside, the property offers a porch and a covered patio for outdoor downtime, plus a privacy fence. Parking is provided with a garage.
From an occupancy standpoint, the property notes that one tenant is on a month-to-month (M2M) lease. A 24-hour notice is required for all showings.
Key Highlights
- Built in 2017
- 0.2015‑acre lot
- 2,606 SF duplex property
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
$22,524
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
6.17%
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%
$450,480
$450.5K
Cap Rate 7%
$321,771
$321.8K
Cap Rate 9%
$250,267
$250.3K
Market Conditions
NOI Build-Up for 2,606 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
$34.4K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.2K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.5K $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%
$450,480
Cap Rate 7%
$321,771
Cap Rate 9%
$250,267
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,524 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,839 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$625.9K
$547.7K – $730.3K
NOI $43,816 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
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 - Duplex built in 2017 with tile flooring, a covered patio, and garage parking, plus three bedrooms and two baths per unit.
Where is this duplex located?
The property is located at 1306 Vanguard Lane Killeen, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Built in 2017; 0.2015‑acre lot; 2,606 SF duplex property
