Two-Unit Duplex with
For Sale
$255,999
Pending
2602 Alma Dr, Killeen, TX 76549
Two separate residences offer three-bedroom layouts, two full baths, and individual one-car garages.
Property Size2,282 SF
Days on Market49
Property Features for 2602 Alma Dr
General Information
Standard status
Pending
Size
2,282 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Burks Real Estate
(254) 471-5738
Listed By:
Homecity Real Estate
(254) 939-3585
Source:
Homecity
Added: Sep 12
Changed: Oct 28
Last Checked: Oct 28 at 7:54AM
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 Burks Real Estate
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Investment Insights
Based on property information with market context.
Built in 2002, this duplex at 2602 Alma Dr in Killeen, Texas, contains 2,282 square feet across two residences. Each side includes 3 bedrooms, 2 full baths, and a 1-car garage, creating a combined configuration of 6 bedrooms, 4 baths, and two garages.
The property is near shopping, dining, schools, Fort Cavazos, and major roads. Its two-unit layout supports an owner-occupant arrangement with one residence available for rent, or use as an income-producing addition to a portfolio.
The property is near shopping, dining, schools, Fort Cavazos, and major roads. Its two-unit layout supports an owner-occupant arrangement with one residence available for rent, or use as an income-producing addition to a portfolio.
Key Highlights
- Two‑unit duplex totaling 2,282 square feet
- Each side has 3 bedrooms and 2 full baths
- Combined total of 6 bedrooms and 4 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,724
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
$394.5K
Cap Rate 7%
$281,771
$281.8K
Cap Rate 9%
$219,156
$219.2K
Market Conditions
NOI Build-Up for 2,282 SF
Gross rent
$30.1K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$28.2K $12.35/SF
− OpEx
−$8.5K −$3.70/SF
NOI
$19.7K $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%
$394,480
Cap Rate 7%
$281,771
Cap Rate 9%
$219,156
Alternative Uses
Best Use
Multifamily LT 5
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$548.1K
$479.6K – $639.5K
NOI $38,368 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer three-bedroom layouts, two full baths, and individual one-car garages.
Where is this duplex located?
The property is located at 2602 Alma Dr Killeen, TX.
What is the asking price?
The asking price for this property is $255,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,282 square feet; Each side has 3 bedrooms and 2 full baths; Combined total of 6 bedrooms and 4 baths
