Occupied Duplex with Active
For Sale
$295,000
2205 Agate Dr, Killeen, TX 76549
Both units are leased and occupied, with showings coordinated to protect resident privacy.
Property Size2,356 SF
Price / SF$125.21
Days on Market26
Property Features for 2205 Agate Dr
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Building Details
Year Built
1999
Listing Agency:
Step by Step Realty
(254) 319-1316
Listed By:
Jeanette Amthor-Rodriguez (254) 319-1316 · License #0582875
Source:
Louis.magnoliarealtytemplebelton
Added: Aug 7
Changed: Aug 29
Last Checked: Sep 1 at 7:53PM
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
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains 2,356 square feet and is configured as two occupied residential units. Each unit is subject to an active lease, providing established occupancy at the time of sale. Interior access is handled with tenant privacy in mind, and showings or inspections should be scheduled in advance.
The property is located in Killeen near Fort Hood, local schools, and major commuter routes. Its 76549 location places the duplex within an established residential area served by nearby employment, education, and transportation destinations. Lease information may be requested for review, with sufficient time allowed for coordination.
The property is located in Killeen near Fort Hood, local schools, and major commuter routes. Its 76549 location places the duplex within an established residential area served by nearby employment, education, and transportation destinations. Lease information may be requested for review, with sufficient time allowed for coordination.
Key Highlights
- 2,356‑square‑foot duplex built in 1999
- Two units currently occupied under active leases
- Located near Fort Hood army installation
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
$20,363
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
6.90%
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%
$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
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
$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 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%
$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 6.90%
Second Best
Apartment 5plus
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and occupied, with showings coordinated to protect resident privacy.
Where is this duplex located?
The property is located at 2205 Agate Dr Killeen, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,356‑square‑foot duplex built in 1999; Two units currently occupied under active leases; Located near Fort Hood army installation
