Leased
For Sale
$285,000
2203 Agate Drive, Killeen, TX 76549
Both residences have tenants under active lease agreements.
Property Size2,356 SF
Price / SF$120.97
Days on Market11
Property Features for 2203 Agate Drive
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
Tub Shower
Building Details
Building Size
2,356 SF
Year Built
1999
Units
2
Listing Agency:
Step by Step Realty
(254) 319-1316
Listed By:
Jeanette Amthor-Rodriguez · License #0582875
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 29 at 6:32PM
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 Step by Step Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains 2,356 square feet across two residential units. Both units are occupied and have active leases.
The property is in Killeen near Fort Hood, local schools, and major commuter routes.
The property is in Killeen near Fort Hood, local schools, and major commuter routes.
Key Highlights
- 2,356‑square‑foot duplex built in 1999
- Both units are occupied under active leases
- Killeen location near Fort Hood, schools, and major commuter routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,363
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,260
$407.3K
Cap Rate 7%
$290,900
$290.9K
Cap Rate 9%
$226,256
$226.3K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$31.1K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.1K $12.35/SF
− OpEx
−$8.7K −$3.70/SF
NOI
$20.4K $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 Rate 5%
$407,260
Cap Rate 7%
$290,900
Cap Rate 9%
$226,256
Alternative Uses
Best Use
Multifamily LT 5
$290.9K
$254.5K – $339.4K
NOI $20,363 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have tenants under active lease agreements.
Where is this duplex located?
The property is located at 2203 Agate Drive Killeen, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,356‑square‑foot duplex built in 1999; Both units are occupied under active leases; Killeen location near Fort Hood, schools, and major commuter routes
