Brick Duplex with Private
New
For Sale
$260,000
2201 Westcliff Road, Killeen, TX 76543
Residential, Killeen, TX
Property Size1,974 SF
Lot Size0.82 Acres
Price / SF$131.71
Days on Market6
Property Features for 2201 Westcliff Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Garage
Interior features
TubShower, Vanity, BreakfastArea, EatInKitchen
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, RangeHood, WaterHeater, Range
Subdivision
Mayhorn Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head East on Hwy 190 East, ( I 14) . Take Exit W. S. Young and head north. Turn Right on Westcliff.
Standard status
Active
APN
187694
Size
1,974 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
MAYHORN ADDITION, BLOCK 001, LOT 0004
Tax Annual Amount
5207
Legal Description
MAYHORN ADDITION, BLOCK 001, LOT 0004
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private garage
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
BrickVeneer, Masonry
Architectural style
Ranch
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vicki Cantrell · License #0213116
(254) 628-9651
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 19 at 3:06PM
MLS# 625203
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 1,974-square-foot duplex includes two residential units, each with two bedrooms, one full bathroom, a private garage, and an eat-in kitchen. The ranch-style property was built in 1999 and features brick veneer and masonry construction, vinyl and carpet flooring, central electric heating and cooling, privacy fencing, and a fireplace. Appliances include refrigerators, electric ranges, dishwashers, range hoods, and electric water heaters.
The property occupies 0.8234 acres at 2201 Westcliff Road in Killeen, Texas. Public water and sewer serve the site, and the location is described as being near Fort Hood, shopping, dining, and everyday necessities.
The property occupies 0.8234 acres at 2201 Westcliff Road in Killeen, Texas. Public water and sewer serve the site, and the location is described as being near Fort Hood, shopping, dining, and everyday necessities.
Key Highlights
- 1,974‑square‑foot duplex on 0.8234 acres
- Two units, each with 2 bedrooms and 1 full bathroom
- Private garage for each unit
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
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 - Built in 1999, this duplex features two-bedroom units, private garages, and public water and sewer service.
Where is this duplex located?
The property is located at 2201 Westcliff Road 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: 1,974‑square‑foot duplex on 0.8234 acres; Two units, each with 2 bedrooms and 1 full bathroom; Private garage for each unit
