Killeen Duplex Investment
For Sale
$130,000
1806 Alamo Avenue, Killeen, TX 76541
MULTI_FAMILY - Other - Killeen, TX
Property Size846 SF
Lot Size0.19 Acres
Price / SF$153.66
Days on Market130
Property Features for 1806 Alamo Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2
Appliances
SomeElectricAppliances
Subdivision
Castle Heights Blks K-Y
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Turn right off of E Rancier Ave onto Massey Street. Turn left onto Duncan Ave. Then turn right onto Toliver Street. Turn right onto Alamo Avenue the duplex will be to your right.
Standard status
Active
APN
107281
Size
846 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CASTLE HEIGHTS (BLKS K-Y), BLOCK 00T, LOT 0002
Tax Annual Amount
1494
Legal Description
CASTLE HEIGHTS (BLKS K-Y), BLOCK 00T, LOT 0002
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1955
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
WoodSiding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Morris Real Estate
(254) 634-8852
Listed By:
Bailey Scoggins · License #0802393
(254) 630-2516
Added: Mar 23
Changed: Jul 30
Last Checked: Jul 30 at 3:06PM
MLS# 608248
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 duplex, located in Killeen, Texas, presents an investment opportunity. The property includes both three-bedroom and two-bedroom units. Situated on a 0.191-acre lot, the duplex has a total area of 846 square feet. This property is suitable as a fixer-upper or investment property.
Key Highlights
- 3‑bedroom and 2‑bedroom duplex available now
- Built in 1955
- Public water source
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.2k | $13.20 |
| − Vacancy | −$721 | −$0.85 |
| EGI | $10.4k | $12.35 |
| − OpEx | −$3.1k | −$3.70 |
| NOI | $7.3k | $8.64 |
846 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$104.5K
$91.4K – $121.9K
NOI $7,312 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$96.6K
$84.6K – $112.8K
NOI $6,765 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$203.2K
$177.8K – $237.1K
NOI $14,224 @ 7.0% cap · market cap 10.94%
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
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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?
Duplex - Three and two bedroom duplex, ideal for investment property.
Where is this duplex located?
The property is located at 1806 Alamo Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 3‑bedroom and 2‑bedroom duplex available now; Built in 1955; Public water source
