Duplex with Private
For Sale
$339,900
1607 Powder Riv, Killeen, TX 76549
Each residence has three bedrooms, two full bathrooms, and a built-in office nook.
Property Size2,626 SF
Price / SF$129.44
Days on Market20
Property Features for 1607 Powder Riv
General Information
Standard status
Active
Size
2,626 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
polished stained concrete floors
high ceilings
abundant natural light
neutral finishes
wood cabinetry
durable countertops
matching black appliances
built-in microwave
dishwasher
built-in office nook
private fenced backyards with patios
low-maintenance landscaping
Building Details
Year Built
2016
Construction
brick
Listing Agency:
All City Real Estate Ltd. Co
Listed By:
Joel Henderson (866) 277-6005 · License #0742835
(254) 397-6595
Source:
Homeguidecentraltexas
Added: Oct 10
Changed: Oct 25
Last Checked: Oct 28 at 8:45AM
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 All City Real Estate Ltd. Co
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Investment Insights
Based on property information with market context.
Built in 2016, this 2,626-square-foot duplex contains two residences, each with three bedrooms and two full bathrooms. Both layouts include an open living area, high ceilings, stained concrete flooring, and a built-in office nook. Kitchens feature wood cabinets, durable countertops, black appliances, a built-in microwave, and a dishwasher.
Each unit also has a fenced backyard with a patio. The property is less than one mile from H-E-B, with schools, shopping, dining, and major commuter routes noted nearby.
Each unit also has a fenced backyard with a patio. The property is less than one mile from H-E-B, with schools, shopping, dining, and major commuter routes noted nearby.
Key Highlights
- Two‑unit duplex with 2,626 square feet, built in 2016
- Each unit has 3 bedrooms and 2 full bathrooms
- Built‑in office nook in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,697
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,940
$453.9K
Cap Rate 7%
$324,243
$324.2K
Cap Rate 9%
$252,189
$252.2K
Market Conditions
NOI Build-Up for 2,626 SF
Gross rent
$34.7K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.4K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.7K $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%
$453,940
Cap Rate 7%
$324,243
Cap Rate 9%
$252,189
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.7K – $378.3K
NOI $22,697 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $20,999 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$630.7K
$551.9K – $735.9K
NOI $44,152 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two full bathrooms, and a built-in office nook.
Where is this duplex located?
The property is located at 1607 Powder Riv Killeen, TX.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,626 square feet, built in 2016; Each unit has 3 bedrooms and 2 full bathrooms; Built‑in office nook in both residences
