Brick Duplex with Private
For Sale
$290,000
2606 Edgefield Street, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,352 SF
Lot Size0.20 Acres
Price / SF$123.30
Days on Market93
Property Features for 2606 Edgefield Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Interior features
PullDownAtticStairs, TubShower, Vanity, BreakfastArea, KitchenFamilyRoomCombo
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, Refrigerator
Subdivision
Roberts Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Clear Creek to Watercrest Rd, Right on Robinett Rd, Left on Edgefield St.
Standard status
Active
APN
231052
Size
2,352 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROBERTS ADDITION, BLOCK 001, LOT 0012
Tax Annual Amount
5598
Legal Description
ROBERTS ADDITION, BLOCK 001, LOT 0012
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
private wood-fenced backyard
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
BrickVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Bluebonnet Realty
(254) 200-2583
Listed By:
Juanita Escobedo · License #0480828
(254) 702-9070
Added: Jun 3
Changed: Aug 20
Last Checked: Sep 3 at 4:06AM
MLS# 615745
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.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. The interiors provide open-concept living, with the living room connected to the breakfast area. Kitchens include access to utility areas positioned between the kitchen and garage, while tile and carpet flooring serve the living spaces. Each unit also has a private wood-fenced backyard. Dishwashers, electric ranges, and refrigerators are included.
Built in 2001, the property encompasses 2352 square feet on 0.2039 acres at 2606 Edgefield Street in Killeen, Texas. Public water and public sewer serve the property. Both units are currently vacant, allowing for occupancy of one residence while leasing the other or leasing both units.
Built in 2001, the property encompasses 2352 square feet on 0.2039 acres at 2606 Edgefield Street in Killeen, Texas. Public water and public sewer serve the property. Both units are currently vacant, allowing for occupancy of one residence while leasing the other or leasing both units.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units
- 1‑car garage serving each residence
- 2352 square feet on 0.2039 acres
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
7.01%
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 7.01%
Second Best
Apartment 5plus
$268.7K
$235.1K – $313.5K
NOI $18,808 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$564.9K
$494.3K – $659.1K
NOI $39,545 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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 - Both residences are vacant and offer open living areas, fenced outdoor space, and kitchen-to-utility access.
Where is this duplex located?
The property is located at 2606 Edgefield Street Killeen, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units; 1‑car garage serving each residence; 2352 square feet on 0.2039 acres
