Duplex with Attached
New
For Sale
$300,000
1307 Nicholas Circle, Killeen, TX 76542
Each residence offers three bedrooms, two bathrooms, a separate dining area, and a fenced backyard.
Property Size2,482 SF
Price / SF$120.87
Days on Market1
Property Features for 1307 Nicholas Circle
General Information
Standard status
Active
Size
2,482 SF
Property subtype
Multi Family Home
Zoning
R-2
Amenities
Ceiling Fan(s)
Double Vanity
Garden Tub/Roman Tub
Laminate Counters
Tub Shower
Walk-In Closet(s)
Window Treatments
Breakfast Area
Kitchen/Dining Combo
Pantry
Covered Patio
Porch
Building Details
Building Size
2,482 SF
Year Built
2005
Units
2
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy
Source:
Bluebonnetrealty
Added: Nov 4
Last Checked: Nov 4 at 2:27AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains 2,482 square feet and is arranged as two residences, each with three bedrooms, two bathrooms, and a one-car garage. Interior features include a walk-in closet in the primary bedroom, double bathroom vanities, a combined garden tub and shower, and a computer desk beside the hallway. Ceramic tile is installed in the foyer, kitchen, bathrooms, and laundry rooms; ceiling fans and garage door openers are also included.
The property is at 1307 Nicholas Circle in Killeen, within walking distance of Lions Park. Its backyard has a wooden privacy fence around the yard and a chain-link divider between the two sides. The duplex is zoned R-2. One residence is leased through March 31, 2026.
The property is at 1307 Nicholas Circle in Killeen, within walking distance of Lions Park. Its backyard has a wooden privacy fence around the yard and a chain-link divider between the two sides. The duplex is zoned R-2. One residence is leased through March 31, 2026.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,482‑square‑foot duplex built in 2005
- R‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,452
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two bathrooms, a separate dining area, and a fenced backyard.
Where is this duplex located?
The property is located at 1307 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: Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,482‑square‑foot duplex built in 2005; R‑2 zoning
