Three-Bedroom Duplex with New
For Sale
$355,000
200 Sladecek Drive, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,696 SF
Lot Size0.26 Acres
Price / SF$131.68
Days on Market33
Property Features for 200 Sladecek Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Interior features
AllBedroomsDown, DoubleVanity
Appliances
ElectricCooktop, MultipleWaterHeaters, Oven, SomeElectricAppliances, Cooktop, Microwave
Subdivision
Stefek Trust Add Ph Fo
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Hwy 195 S to Left on Stefek, right on Sladecek, duplex at the end of the street on the left.
Standard status
Active
APN
470639
Size
2,696 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
STEFEK TRUST ADDITION PHASE FOUR, BLOCK 003, LOT 0001
Tax Annual Amount
7201
Legal Description
STEFEK TRUST ADDITION PHASE FOUR, BLOCK 003, LOT 0001
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Homevets Realty Llc · EXIT Realty
(888) 953-8387
Listed By:
Charles Kimble · License #0836662
(254) 585-9668
Added: Sep 1
Changed: Sep 24
Last Checked: Oct 3 at 4:06AM
MLS# 622799
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 2017, this 2,696-square-foot duplex contains two residences, each with three bedrooms, two full bathrooms, and open living space. The interiors include carpet and tile flooring, double vanities, electric cooking appliances, microwaves, and multiple water heaters. Brick construction and a composition shingle roof support the property's practical design, while a replacement roof was completed in 2024.
The property occupies 0.2604 acres at 200 Sladecek Drive in Killeen, Texas. Both units are occupied by long-term tenants, with each lease currently approximately halfway through a one-year term. Public water and public sewer serve the property. Fort Hood is nearby, with access to Stan Schlueter Loop and Highway 195.
The property occupies 0.2604 acres at 200 Sladecek Drive in Killeen, Texas. Both units are occupied by long-term tenants, with each lease currently approximately halfway through a one-year term. Public water and public sewer serve the property. Fort Hood is nearby, with access to Stan Schlueter Loop and Highway 195.
Key Highlights
- 2,696‑square‑foot duplex built in 2017
- Two units, each with 3 bedrooms and 2 full bathrooms
- Both units occupied under one‑year leases currently halfway through their terms
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
$23,302
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
6.56%
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%
$466,040
$466.0K
Cap Rate 7%
$332,886
$332.9K
Cap Rate 9%
$258,911
$258.9K
Market Conditions
NOI Build-Up for 2,696 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
$35.6K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$33.3K $12.35/SF
− OpEx
−$10.0K −$3.70/SF
NOI
$23.3K $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%
$466,040
Cap Rate 7%
$332,886
Cap Rate 9%
$258,911
Alternative Uses
Best Use
Multifamily LT 5
$332.9K
$291.3K – $388.4K
NOI $23,302 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$308.0K
$269.5K – $359.3K
NOI $21,559 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$647.6K
$566.6K – $755.5K
NOI $45,329 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied under one-year leases and feature open living areas with three bedrooms and two full baths.
Where is this duplex located?
The property is located at 200 Sladecek Drive Killeen, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,696‑square‑foot duplex built in 2017; Two units, each with 3 bedrooms and 2 full bathrooms; Both units occupied under one‑year leases currently halfway through their terms
