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    Killeen Duplex Investment Opportunity Title is generated by Realmo AI

    1806 Alamo Avenue, Killeen, TX 76541

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    For Sale
    $130,000

    MULTI_FAMILY - Other - Killeen, TX

    Property size:
    846 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $153/SF
    Added:
    Mar 23, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 15 at 7:06 am

    Property Features for 1806 Alamo Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
    Appliances
    SomeElectricAppliances
    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

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1955
    Number of units
    2
    Flooring type
    Vinyl, Laminate
    Building materials
    WoodSiding
    Roof type
    Composition, Shingle
    Architectural style
    Other

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    Listing Contact
    Bailey Scoggins

    Listing agent Bailey Scoggins License #0802393

    Listing office Morris Real Estate 1104 W Veterans Memorial Blvd, TX

    Listing date Mar 23, 2026

    MLS# 608248 Listing URL

    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.

    HighLights

    • 3‑bedroom and 2‑bedroom duplex available now
    • Year built 1955
    • Wood siding exterior with composition shingle roof
    • Window unit cooling
    • Public water source
    • Vinyl and laminate flooring

    Overview

    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.

    Local 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 (±1% cap)
    NOI $7,312 @ 7.0% cap · market cap 5.62%
    Second Best
    Apartment 5plus
    $96.6K
    $84.6K – $112.8K (±1% cap)
    NOI $6,765 @ 7.0% cap · market cap 5.20%
    Theoretical Best
    Office A
    $203.2K
    $177.8K – $237.1K (±1% cap)
    NOI $14,224 @ 7.0% cap · market cap 10.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.710932
    Latitude
    31.126481

    FAQs

    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; Year built 1955; Wood siding exterior with composition shingle roof
    More about this property
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