Occupied
For Sale
$285,000
2205 Agate Drive, Killeen, TX 76549
Both residences are leased, with active agreements currently in place.
Property Size2,356 SF
Price / SF$120.97
Days on Market11
Property Features for 2205 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 6:44PM
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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Investment Insights
Based on property information with market context.
This duplex contains 2,356 square feet and was built in 1999. Both units are occupied under active leases, offering an existing residential rental configuration.
The property is in Killeen, near Fort Hood, local schools, and major commuter routes. It is offered individually or as part of a larger multi-duplex portfolio. Interior photographs are not provided to respect resident privacy, and showings and inspections require advance scheduling with occupants.
The property is in Killeen, near Fort Hood, local schools, and major commuter routes. It is offered individually or as part of a larger multi-duplex portfolio. Interior photographs are not provided to respect resident privacy, and showings and inspections require advance scheduling with occupants.
Key Highlights
- Two units, both occupied with active leases
- 2,356 square feet of building area
- Built in 1999
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
Check the figures for this property
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 are leased, with active agreements currently in place.
Where is this duplex located?
The property is located at 2205 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: Two units, both occupied with active leases; 2,356 square feet of building area; Built in 1999
