Occupied Duplex Near Fort
For Sale
$280,000
2600 Edgefield St, Killeen, TX 76549
Two leased units provide an income-producing residential configuration near Fort Hood and major commuter routes.
Property Size2,352 SF
Price / SF$119.05
Days on Market22
Property Features for 2600 Edgefield St
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
Step by Step Realty
(254) 319-1316
Listed By:
Jeanette Amthor-Rodriguez (254) 319-1316 · License #0582875
Source:
Louis.magnoliarealtytemplebelton
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 31 at 5:31PM
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.
This duplex contains 2,352 square feet and was constructed in 2002. Both units are occupied under active leases, providing an operating residential income property with established tenancy. Interior photographs are not provided, and showings and inspections are coordinated to protect tenant privacy.
The property is located at 2600 Edgefield St in Killeen, Texas, near Fort Hood, local schools, and major commuter routes. It may be acquired individually or together with a larger multi-duplex portfolio in ZIP code 76549.
The property is located at 2600 Edgefield St in Killeen, Texas, near Fort Hood, local schools, and major commuter routes. It may be acquired individually or together with a larger multi-duplex portfolio in ZIP code 76549.
Key Highlights
- 2,352‑square‑foot duplex built in 2002
- Both units are fully occupied with active leases
- Located near Fort Hood, local schools, and major commuter routes
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
$20,329
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
7.26%
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%
$406,580
$406.6K
Cap Rate 7%
$290,414
$290.4K
Cap Rate 9%
$225,878
$225.9K
Market Conditions
NOI Build-Up for 2,352 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
$31.0K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.0K $12.35/SF
− OpEx
−$8.7K −$3.70/SF
NOI
$20.3K $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%
$406,580
Cap Rate 7%
$290,414
Cap Rate 9%
$225,878
Alternative Uses
Best Use
Multifamily LT 5
$290.4K
$254.1K – $338.8K
NOI $20,329 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$268.7K
$235.1K – $313.5K
NOI $18,808 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$564.9K
$494.3K – $659.1K
NOI $39,545 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
142
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 - Two leased units provide an income-producing residential configuration near Fort Hood and major commuter routes.
Where is this duplex located?
The property is located at 2600 Edgefield St Killeen, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 2002; Both units are fully occupied with active leases; Located near Fort Hood, local schools, and major commuter routes
