4-Unit Multifamily
New
For Sale
$370,000
1402 Dugger Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size3,717 SF
Lot Size12.00 Acres
Price / SF$99.54
Days on Market5
Property Features for 1402 Dugger Circle
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 6, Bedroom 1, Bathroom 8, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 5
Interior features
CeilingFans, MultipleClosets, BreakfastBar, BreakfastArea, KitchenFamilyRoomCombo, KitchenDiningCombo
Fencing
Privacy
Appliances
Dishwasher, Disposal, Oven, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
12 Acre Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From INT-14/US Hwy 190, take WS Young north to Zephyr Drive, turn right on Zephyr, and right onto Dugger. Property is on the left.
Standard status
Active
APN
238800
Size
3,717 SF
Lot size
12.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
12 ACRE ADDITION, BLOCK 001, LOT 0010
Tax Annual Amount
7123
Legal Description
12 ACRE ADDITION, BLOCK 001, LOT 0010
Utilities
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl, Laminate
Building materials
Masonry
Roof type
Shingle, Composition
Listing Agency:
Welcome In Realty
(254) 394-7368
Listed By:
Melissa Hauan · License #0581225
(254) 535-6049
Added: Sep 29
Last Checked: Oct 3 at 2:06AM
MLS# 626518
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 3,717-square-foot, four-unit multifamily property was built in 2002 and has masonry construction. Each apartment is arranged across two levels, with a full bathroom and a designated washer-and-dryer area upstairs, plus a half bathroom downstairs. Kitchens include dishwashers, stoves, and refrigerators.
Apartment C has new flooring and fresh paint and is being held available for owner occupancy. Interior features include ceiling fans, multiple closets, breakfast bars, and combined kitchen and living or dining areas. Flooring includes vinyl, carpet, and laminate.
Apartment C has new flooring and fresh paint and is being held available for owner occupancy. Interior features include ceiling fans, multiple closets, breakfast bars, and combined kitchen and living or dining areas. Flooring includes vinyl, carpet, and laminate.
Key Highlights
- Four‑unit multifamily property with 3,717 square feet
- Built in 2002 with masonry construction
- Each apartment has an upstairs full bath and downstairs half bath
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
$32,126
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
8.68%
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%
$642,520
$642.5K
Cap Rate 7%
$458,943
$458.9K
Cap Rate 9%
$356,956
$357.0K
Market Conditions
NOI Build-Up for 3,717 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
$49.1K $13.20/SF
− Vacancy
−$3.2K −$0.85/SF
EGI
$45.9K $12.35/SF
− OpEx
−$13.8K −$3.70/SF
NOI
$32.1K $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 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%
$642,520
Cap Rate 7%
$458,943
Cap Rate 9%
$356,956
Alternative Uses
Best Use
Multifamily LT 5
$458.9K
$401.6K – $535.4K
NOI $32,126 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$892.8K
$781.2K – $1.04M
NOI $62,496 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature separate upstairs and downstairs bathroom facilities, with designated laundry areas and equipped kitchens.
Where is this quadplex located?
The property is located at 1402 Dugger Circle Killeen, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,717 square feet; Built in 2002 with masonry construction; Each apartment has an upstairs full bath and downstairs half bath
