Duplex with Fenced
New
For Sale
$339,900
1607 Powder River, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,626 SF
Lot Size0.20 Acres
Price / SF$129.44
Days on Market2
Property Features for 1607 Powder River
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Interior features
CeilingFans, DoubleVanity, GardenTubRomanTub, QuartzCounters, SolidSurfaceCounters, TubShower, BreakfastBar, KitchenDiningCombo, Pantry
Fencing
Privacy
Appliances
Dishwasher, ElectricWaterHeater, Disposal, MultipleWaterHeaters, SomeElectricAppliances, BuiltInOven, Microwave
Subdivision
Saddleridge Estates Ph One
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 S Fort Hood St turn onto Powder River Dr..
Standard status
Active
APN
385230
Size
2,626 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SADDLERIDGE ESTATES PHASE ONE, BLOCK 001, LOT 0021
Tax Annual Amount
7409
Legal Description
SADDLERIDGE ESTATES PHASE ONE, BLOCK 001, LOT 0021
Utilities
Water source
Public
Amenities
open-concept floor plan
polished stained concrete floors
high ceilings
wood cabinetry
built-in microwave
dishwasher
built-in office nook
fenced backyard
patio
low-maintenance landscaping
Building Details
Year built
2016
Floors in Building
1
Flooring type
Concrete, Paintedstained
Building materials
Masonry
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Joel Henderson · License #0742835
(254) 397-6595
Added: Oct 15
Last Checked: Oct 16 at 11:06PM
MLS# 621877
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.
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Investment Insights
Based on property information with market context.
Built in 2016, this masonry duplex contains 2,626 square feet across two residences. Each unit has three bedrooms, two full bathrooms, an open-concept layout, and a built-in office nook. Interior details include stained concrete flooring, high ceilings, quartz and solid-surface counters, wood cabinetry, a pantry, and a breakfast bar. Both units have fenced backyards with patios.
The property is less than 1 mile from H-E-B and offers access to schools, shopping, dining, and major commuter routes. The 0.1969-acre site is in Killeen, Texas.
The property is less than 1 mile from H-E-B and offers access to schools, shopping, dining, and major commuter routes. The 0.1969-acre site is in Killeen, Texas.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 2,626 square feet on a 0.1969‑acre lot
- Built in 2016 with masonry construction
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have open layouts, three bedrooms, two full baths, and a built-in office nook.
Where is this duplex located?
The property is located at 1607 Powder River 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 units, each with 3 bedrooms and 2 full bathrooms; 2,626 square feet on a 0.1969‑acre lot; Built in 2016 with masonry construction
