Duplex with Six
For Sale
$355,000
2813 Leroy Circle, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,944 SF
Lot Size0.49 Acres
Price / SF$120.58
Days on Market125
Property Features for 2813 Leroy Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bathroom 6
Parking features
Garage
Interior features
CeilingFans
Appliances
Dryer, Dishwasher, Disposal, Refrigerator, Washer, SomeElectricAppliances, BuiltInOven, Microwave
Subdivision
Loma Vista Estates Ph Three
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 I-14/US-190, exit toward Trimmier Rd. Head south on Trimmier Rd, then turn left onto E Stan Schlueter Loop. Turn right onto Bunny Trail, then turn left onto Leroy Circle. Property will be on your right.
Standard status
Active
APN
234393
Size
2,944 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOMA VISTA ESTATES PHASE THREE, BLOCK 001, LOT 0007
Tax Annual Amount
8768
Legal Description
LOMA VISTA ESTATES PHASE THREE, BLOCK 001, LOT 0007
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Flooring type
Concrete
Building materials
Brick, VinylSiding
Roof type
Shingle, Composition
Listing Agency:
EG Realty
(254) 218-4220
Listed By:
Jessica Garcia · License #0832524
(512) 592-1720
Added: Jun 1
Changed: Oct 2
Last Checked: Oct 3 at 4:06AM
MLS# 615236
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 at 2813 Leroy Circle contains 2,944 square feet on a 0.4893-acre lot. Constructed in 2021, the property includes six bedrooms and six bathrooms arranged across the two-unit layout. Brick and vinyl siding frame the exterior, while central electric heating and cooling support the interior. Garage parking, public water, concrete flooring, and a composition shingle roof are also included. The kitchens are equipped with built-in ovens, microwaves, refrigerators, dishwashers, disposals, washers, and dryers.
The property is currently operating as a short-term rental and is also positioned for long-term tenants. Its Killeen setting places occupants near shopping, dining, schools, and major roadways. Interior features include ceiling fans, with the two sides providing separate residential living areas within the duplex format.
The property is currently operating as a short-term rental and is also positioned for long-term tenants. Its Killeen setting places occupants near shopping, dining, schools, and major roadways. Interior features include ceiling fans, with the two sides providing separate residential living areas within the duplex format.
Key Highlights
- 2,944‑square‑foot duplex on 0.4893 acres
- Six bedrooms and six bathrooms across two residential sides
- Built in 2021 with brick and vinyl siding
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
$25,445
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
7.17%
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%
$508,900
$508.9K
Cap Rate 7%
$363,500
$363.5K
Cap Rate 9%
$282,722
$282.7K
Market Conditions
NOI Build-Up for 2,944 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
$38.9K $13.20/SF
− Vacancy
−$2.5K −$0.85/SF
EGI
$36.4K $12.35/SF
− OpEx
−$10.9K −$3.70/SF
NOI
$25.4K $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 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%
$508,900
Cap Rate 7%
$363,500
Cap Rate 9%
$282,722
Alternative Uses
Best Use
Multifamily LT 5
$363.5K
$318.1K – $424.1K
NOI $25,445 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$336.3K
$294.3K – $392.4K
NOI $23,542 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$707.1K
$618.7K – $825.0K
NOI $49,499 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2021, the property offers garage parking, central air conditioning, and a six-bedroom, six-bathroom configuration.
Where is this duplex located?
The property is located at 2813 Leroy Circle Killeen, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,944‑square‑foot duplex on 0.4893 acres; Six bedrooms and six bathrooms across two residential sides; Built in 2021 with brick and vinyl siding
