Three-Bedroom Duplex With
New
For Sale
$265,000
1705 Copperfield Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,221 SF
Lot Size0.43 Acres
Price / SF$119.32
Days on Market3
Property Features for 1705 Copperfield Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
Interior features
TubShower
Appliances
Dishwasher, ElectricRange
Subdivision
Copperfield Add Rep L
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From 439 take a right on Hotten St Left on Lake Rd right on Copperfield Circle
Standard status
Active
APN
95677
Size
2,221 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COPPERFIELD ADDITION REPLAT (LTS 20-21 BLK 3), BLOCK 003, LOT 0025
Tax Annual Amount
5467
Legal Description
COPPERFIELD ADDITION REPLAT (LTS 20-21 BLK 3), BLOCK 003, LOT 0025
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Building materials
Masonry
Roof type
Composition, Shingle
Listing Agency:
Hometown Realty
(254) 760-4465
Listed By:
Tabitha Cartwright · License #0617348
(254) 913-9623
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 10:06AM
MLS# 623837
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.
Built in 1996, this masonry duplex contains 2,221 square feet across two residential units. Each side includes 3 bedrooms, 2 full bathrooms, a functional floor plan, and a private garage. Interior finishes include flooring installed approximately 3 years ago, while the roof was replaced within the last three years.
The property occupies 0.4339 acres in Killeen, Texas. Building systems include central heating and central air conditioning, with public water service. Each unit is equipped with a dishwasher and electric range.
The property occupies 0.4339 acres in Killeen, Texas. Building systems include central heating and central air conditioning, with public water service. Each unit is equipped with a dishwasher and electric range.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 full bathrooms per side
- 2,221‑square‑foot masonry property built in 1996
- Private garage serving each residential unit
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
$19,196
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
7.24%
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%
$383,920
$383.9K
Cap Rate 7%
$274,229
$274.2K
Cap Rate 9%
$213,289
$213.3K
Market Conditions
NOI Build-Up for 2,221 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
$29.3K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.4K $12.35/SF
− OpEx
−$8.2K −$3.70/SF
NOI
$19.2K $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%
$383,920
Cap Rate 7%
$274,229
Cap Rate 9%
$213,289
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$240.0K – $319.9K
NOI $19,196 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$253.7K
$222.0K – $296.0K
NOI $17,760 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,343 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
292
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide matching layouts with private parking and recent property improvements.
Where is this duplex located?
The property is located at 1705 Copperfield Circle Killeen, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full bathrooms per side; 2,221‑square‑foot masonry property built in 1996; Private garage serving each residential unit
