Occupied Quadplex with Private
For Sale
$419,900
1604 Dugger Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size4,712 SF
Lot Size0.20 Acres
Price / SF$89.11
Days on Market104
Property Features for 1604 Dugger Circle
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Full bathrooms
8
Rooms
Bathroom 2, Bathroom 8, Bedroom 8, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 10, Bathroom 4, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 6, Bedroom 11, Bathroom 7, Bathroom 5, Bedroom 12
Interior features
CeilingFans, TubShower, Vanity
Appliances
ElectricRange, SomeElectricAppliances, Range
Subdivision
12 Acre Add
Lot features
Ten To Twenty Acres, City Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head west on E Stan Schlueter Loop. Turn right onto Trimmier Rd. Turn left onto Zephyr Rd. Turn left onto Dugger Cir.
Standard status
Active
APN
238825
Size
4,712 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 ACRE ADDITION, BLOCK 002, LOT 0007
Tax Annual Amount
7823
Legal Description
12 ACRE ADDITION, BLOCK 002, LOT 0007
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
private entrances
Building Details
Year built
2003
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Isbell REALTORS
(254) 432-7030
Listed By:
Joshua Isbell · License #0597248
(254) 498-6025
Added: May 12
Changed: Aug 20
Last Checked: Aug 23 at 12:06PM
MLS# 612775
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 4,712-square-foot quadplex contains four residential units with private entrances, functional living areas, well-sized bedrooms, and a combined 12 bedrooms and 8 bathrooms. The property was built in 2003 and has received updates including a new water heater, HVAC units, and flooring. Interior features include ceiling fans, tub-and-shower combinations, and vanities, with carpet and vinyl flooring throughout the property. Electric ranges are among the installed appliances.
The property occupies 0.20 acres in Killeen, Texas, with access to public water and public sewer. Shopping, dining, schools, and major roadways are identified as nearby conveniences. The building is currently 100% occupied, and the roof consists of composition shingles.
The property occupies 0.20 acres in Killeen, Texas, with access to public water and public sewer. Shopping, dining, schools, and major roadways are identified as nearby conveniences. The building is currently 100% occupied, and the roof consists of composition shingles.
Key Highlights
- 4,712‑square‑foot quadplex on 0.20 acres
- 100% occupied four‑unit configuration
- 12 bedrooms and 8 bathrooms
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
$37,680
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
8.97%
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%
$753,600
$753.6K
Cap Rate 7%
$538,286
$538.3K
Cap Rate 9%
$418,667
$418.7K
Market Conditions
NOI Build-Up for 4,712 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
$73.5K $15.60/SF
− Vacancy
−$5.0K −$1.06/SF
EGI
$68.5K $14.54/SF
− OpEx
−$30.8K −$6.54/SF
NOI
$37.7K $8.00/SF
Area
Killeen, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$753,600
Cap Rate 7%
$538,286
Cap Rate 9%
$418,667
Alternative Uses
Best Use
Multifamily LT 5
$581.8K
$509.1K – $678.8K
NOI $40,726 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$538.3K
$471.0K – $628.0K
NOI $37,680 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.13M
$990.3K – $1.32M
NOI $79,225 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property offers updated systems, functional layouts, and full occupancy.
Where is this quadplex located?
The property is located at 1604 Dugger Circle Killeen, TX.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 4,712‑square‑foot quadplex on 0.20 acres; 100% occupied four‑unit configuration; 12 bedrooms and 8 bathrooms
