Two-Unit Duplex with Private
New
For Sale
$260,000
2201 Westcliff Rd, Killeen, TX 76543
Each residence combines a practical layout with a private garage and access to nearby daily conveniences.
Property Size1,974 SF
Price / SF$131.71
Days on Market6
Property Features for 2201 Westcliff Rd
General Information
Standard status
Active
Size
1,974 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Vicki Cantrell (254) 200-3800 · License #0213116
(254) 628-9651
Source:
Homeguidecentraltexas
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,974-square-foot duplex, built in 1999, contains two separate residences. Each side offers two bedrooms, one full bathroom, and a private garage, creating a consistent configuration across both units. The property provides a straightforward residential income layout with defined living spaces and dedicated vehicle storage.
Located at 2201 Westcliff Rd in Killeen, the duplex is near Fort Hood, shopping, dining, and everyday necessities. Its two-unit design accommodates separate households while maintaining the convenience of private garage access for each residence.
Located at 2201 Westcliff Rd in Killeen, the duplex is near Fort Hood, shopping, dining, and everyday necessities. Its two-unit design accommodates separate households while maintaining the convenience of private garage access for each residence.
Key Highlights
- Two‑unit duplex with 1,974 square feet
- Built in 1999
- Each unit includes 2 bedrooms and 1 full bath
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
$17,061
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%
$341,220
$341.2K
Cap Rate 7%
$243,729
$243.7K
Cap Rate 9%
$189,567
$189.6K
Market Conditions
NOI Build-Up for 1,974 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
$26.1K $13.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$24.4K $12.35/SF
− OpEx
−$7.3K −$3.70/SF
NOI
$17.1K $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%
$341,220
Cap Rate 7%
$243,729
Cap Rate 9%
$189,567
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.3K – $284.4K
NOI $17,061 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$225.5K
$197.3K – $263.1K
NOI $15,785 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$474.1K
$414.9K – $553.2K
NOI $33,190 @ 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
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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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 residence combines a practical layout with a private garage and access to nearby daily conveniences.
Where is this duplex located?
The property is located at 2201 Westcliff Rd Killeen, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,974 square feet; Built in 1999; Each unit includes 2 bedrooms and 1 full bath
