Brick-Veneer Duplex with
For Sale
$270,000
2011 Windward Drive, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,256 SF
Lot Size0.19 Acres
Price / SF$119.68
Days on Market25
Property Features for 2011 Windward Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3
Parking features
Garage
Interior features
CeilingFans, WalkInClosets
Fencing
Privacy
Appliances
Dishwasher, Refrigerator, SomeElectricAppliances
Subdivision
Evening Hollow 2nd Ext
Lot features
City Lot
Elementary school
Hay Branch Elementary School
Middle school
Rancier Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Killeen Head east on I-14, take exit 286 towards FM 3470/Stan Schlueter Loop, Turn right to left onto Stan Schlueter Loop, Use the left 2 lanes to turn left onto W. FM 2410 Rd/Martin Luther King JR Blvd; Continue onto S. Twin Creek Drive for about 2 miles; turn right onto Rancier Ave, turn left onto Benttree Drive, Turn right onto Windward Drive; Property will be on the left.
Standard status
Active
APN
32385
Size
2,256 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
EVENING HOLLOW 2ND EXTENSION, BLOCK 003, LOT 0011
Tax Annual Amount
6229
Legal Description
EVENING HOLLOW 2ND EXTENSION, BLOCK 003, LOT 0011
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
BrickVeneer
Roof type
Composition, Shingle
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Stefan Clark · License #0689270
(254) 226-3307
Added: Sep 9
Changed: Sep 16
Last Checked: Oct 3 at 5:06AM
MLS# 624809
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.
Located at 2011 Windward Drive in Killeen, this 1986 duplex contains 2,256 square feet on a 0.1899-acre lot. The property is configured as two units, with each side offering two bedrooms, two bathrooms, its own backyard, and garage parking. Brick-veneer construction, laminate flooring, walk-in closets, ceiling fans, and central heating and cooling are included across the property.
Appliances include dishwashers, refrigerators, and select electric appliances. The duplex is served by public water and features composition shingle roofing, privacy fencing, and central air. Its location in the Evening Hollow subdivision places it close to Fort Hood and minutes from a grocery store.
Appliances include dishwashers, refrigerators, and select electric appliances. The duplex is served by public water and features composition shingle roofing, privacy fencing, and central air. Its location in the Evening Hollow subdivision places it close to Fort Hood and minutes from a grocery store.
Key Highlights
- Two‑unit duplex with 2,256 square feet
- Each unit has 2 bedrooms and 2 bathrooms
- Built in 1986 on a 0.1899‑acre lot
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
$19,499
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
7.22%
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%
$389,980
$390.0K
Cap Rate 7%
$278,557
$278.6K
Cap Rate 9%
$216,656
$216.7K
Market Conditions
NOI Build-Up for 2,256 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
$29.8K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.9K $12.35/SF
− OpEx
−$8.4K −$3.70/SF
NOI
$19.5K $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%
$389,980
Cap Rate 7%
$278,557
Cap Rate 9%
$216,656
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.7K – $325.0K
NOI $19,499 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,040 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$541.9K
$474.1K – $632.2K
NOI $37,931 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
132
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each two-bedroom, two-bath unit includes a private fenced backyard and separate living space.
Where is this duplex located?
The property is located at 2011 Windward Drive Killeen, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,256 square feet; Each unit has 2 bedrooms and 2 bathrooms; Built in 1986 on a 0.1899‑acre lot
