Duplex with Central
For Sale
$250,000
1306 White Avenue 2, Killeen, TX 76541
The property includes electric appliances, a pantry, and a fenced backyard.
Property Size1,980 SF
Price / SF$126.26
Days on Market24
Property Features for 1306 White Avenue 2
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,966
Amenities
Playground, Park, Tennis Court(s), Curbs, Sidewalks
Ceiling Fan(s), Central Air, Electric
Central, Electric
Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Heater, Washer, Microwave, Range
Ceiling Fan(s), Pantry
Back Yard, Chain Link
Traditional
Building Details
Year Built
1955
Stories
1
Listing Agency:
Realty Executives of Killeen
Listed By:
Anita Riendeau · License #0289778
(254) 681-1000
Source:
Evrealestate
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 20 at 9:19PM
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 Realty Executives of Killeen
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Investment Insights
Based on property information with market context.
This duplex was built in 1955 and includes ceiling fans, central air, and electric service. Interior features include a pantry and electric range, refrigerator, disposal, microwave, and washer. A back yard with chain-link fencing is also part of the property.
Key Highlights
- Built in 1955
- Central air and ceiling fans
- Electric range, refrigerator, disposal, microwave, and washer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,113
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,260
$342.3K
Cap Rate 7%
$244,471
$244.5K
Cap Rate 9%
$190,144
$190.1K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$26.1K $13.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$24.4K $12.35/SF
− OpEx
−$7.3K −$3.70/SF
NOI
$17.1K $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%
$342,260
Cap Rate 7%
$244,471
Cap Rate 9%
$190,144
Alternative Uses
Best Use
Multifamily LT 5
$244.5K
$213.9K – $285.2K
NOI $17,113 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$226.2K
$197.9K – $263.9K
NOI $15,833 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$475.6K
$416.1K – $554.9K
NOI $33,291 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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 - The property includes electric appliances, a pantry, and a fenced backyard.
Where is this duplex located?
The property is located at 1306 White Avenue 2 Killeen, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Built in 1955; Central air and ceiling fans; Electric range, refrigerator, disposal, microwave, and washer
