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    Killeen Duplex Near Fort Hood Title is generated by Realmo AI

    2604 Seabiscuit Drive, Killeen, TX 76549

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    For Sale
    $324,900

    MULTI_FAMILY - Other - Killeen, TX

    Property size:
    2,632 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $123/SF
    Added:
    Mar 25, 2026
    Days on Market:
    52
    Last Refresh:
    May 15 at 3:06 pm

    Property Features for 2604 Seabiscuit Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3
    Interior features
    AllBedroomsDown, CeilingFans, CarbonMonoxideDetector, DoubleVanity, LaminateCounters, TubShower, WalkInClosets, EatInKitchen, Pantry, SolidSurfaceCounters
    Fencing
    Privacy, Gate
    Appliances
    Dishwasher, ElectricRange, Disposal, MultipleWaterHeaters, Microwave, Oven, Refrigerator, SomeElectricAppliances
    Standard status
    Active
    APN
    367668
    Size
    2,632 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MEWHINNEY ACRES, BLOCK 001, LOT 0003
    Tax Annual Amount
    6341

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    HardiplankType, Masonry
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Kruttlin

    Listing agent Jason Kruttlin License #0643961

    Listing office Compass Re Texas, Llc 5960 Berkshire Lane #700, TX

    Listing date Mar 25, 2026

    MLS# 608421 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent Location: Minutes from Fort Hood, Tarleton State University, Central Texas College, shopping, and dining.
    • Two Vacant Units: Unit A features new carpet, and Unit B is move‑in ready with luxury vinyl flooring and stainless steel appliances.
    • New Roof: Replaced in 2022 with 30‑year shingles.
    • Freshly Painted: Exterior and both units have been freshly painted.
    • Each Unit Features: 3 bedrooms, 2 bathrooms, spacious living room, eat‑in kitchen, garage, and private backyard.
    • Quiet Cul‑de‑Sac Location: Situated in a single‑family residential community with an open field, offering added privacy.

    Overview

    This duplex is located minutes from Fort Hood in a quiet cul-de-sac, offering added privacy due to an open field in front. Situated within a single-family residential community, with only a few duplexes tucked behind it, this location provides a unique blend of neighborhood charm and investment opportunity. The property features two units, each offering 3 bedrooms, 2 bathrooms, a spacious living room, eat-in kitchen, garage, and private backyards. The exterior and both units have been freshly painted. The roof was replaced in 2022 with 30-year shingles. Both HVAC units have been recently serviced. Unit A is vacant and includes new carpet and original tile throughout, a freshly painted interior, ceiling fans in all rooms, and kitchen appliances that convey. The primary suite offers a double vanity en-suite and walk-in closet. Unit B is vacant and move-in ready, featuring luxury vinyl flooring throughout, stainless steel appliances, updated lighting and fixtures, and freshly painted interiors. The HVAC system was replaced in 2022, and cabinets were refinished the same year. This unit also includes a built-in microwave and shares the same functional floor plan as Unit A. The property is conveniently located just minutes from the Clear Creek entrance to Fort Hood, Tarleton State University, Central Texas College, as well as shopping, dining, and everyday conveniences. The lot size is 0.1866 acres and the property size is 2632 square feet. This property is a fantastic investment opportunity, owner-occupant option, large family living, or multi generational living arrangements.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $252.8K
    NOI $22,749 @ 9.00% cap · cautious / downside scenario
    Moderate
    $325.0K
    NOI $22,749 @ 7.00% cap · market / base-case scenario
    Aggressive
    $455.0K
    NOI $22,749 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $34.7k $13.20
    − Vacancy −$2.2k −$0.85
    EGI $32.5k $12.35
    − OpEx −$9.7k −$3.70
    NOI $22.7k $8.64
    2,632 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $325.0K
    $284.4K – $379.2K (±1% cap)
    NOI $22,749 @ 7.0% cap · market cap 7.00%
    Second Best
    Apartment 5plus
    $300.7K
    $263.1K – $350.8K (±1% cap)
    NOI $21,047 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Office A
    $632.2K
    $553.2K – $737.6K (±1% cap)
    NOI $44,253 @ 7.0% cap · market cap 13.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.787872
    Latitude
    31.109171

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near Fort Hood with updated units.
    Where is this duplex located?
    The property is located at 2604 Seabiscuit Drive Killeen, TX.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: Excellent Location: Minutes from Fort Hood, Tarleton State University, Central Texas College, shopping, and dining.; Two Vacant Units: Unit A features new carpet, and Unit B is move‑in ready with luxury vinyl flooring and stainless steel appliances.; New Roof: Replaced in 2022 with 30‑year shingles.
    (254) 220-2220
    We can help!
    Listing Contact
    Jason Kruttlin
    Real Estate License ID: 0643961
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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