Duplex with Fenced
For Sale
$325,000
3003 Baldwin Loop, Killeen, TX 76549
Two residential units offer open living areas, durable finishes, private porches, and landscaped outdoor space.
Property Size2,662 SF
Price / SF$122.09
Days on Market81
Property Features for 3003 Baldwin Loop
General Information
Standard status
Active
Size
2,662 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
side porch
fenced backyard
sprinkler system
Building Details
Year Built
2008
Listing Agency:
Lone Star Realty & Property Ma
(254) 290-0718
Listed By:
Karen Doerbaum (254) 699-7003 · License #0386068
Source:
Homeguidecentraltexas
Added: Jun 13
Changed: Aug 31
Last Checked: Sep 1 at 7:43PM
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 Lone Star Realty & Property Ma
Investment Insights
Based on property information with market context.
Built in 2008, this duplex contains two residential units with 3 bedrooms and 2 bathrooms per side, totaling 2,662 square feet. Each side features an open-concept arrangement with high ceilings, substantial natural light, and finishes selected for everyday durability. Vinyl plank flooring is used in the living rooms, while ceramic tile serves the kitchens and bathrooms. Primary suites include garden tubs, large vanities, and generous closet areas.
The exterior provides a side porch for each unit along with an oversized fenced backyard and sprinkler system. The property is located at 3003 Baldwin Loop in Killeen, Texas, and is configured as a residential income property with consistent features across both sides.
The exterior provides a side porch for each unit along with an oversized fenced backyard and sprinkler system. The property is located at 3003 Baldwin Loop in Killeen, Texas, and is configured as a residential income property with consistent features across both sides.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side
- 2,662 square feet total; built in 2008
- Open‑concept interiors with high ceilings and abundant natural light
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
$23,008
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
7.08%
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%
$460,160
$460.2K
Cap Rate 7%
$328,686
$328.7K
Cap Rate 9%
$255,644
$255.6K
Market Conditions
NOI Build-Up for 2,662 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
$35.1K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.9K $12.35/SF
− OpEx
−$9.9K −$3.70/SF
NOI
$23.0K $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%
$460,160
Cap Rate 7%
$328,686
Cap Rate 9%
$255,644
Alternative Uses
Best Use
Multifamily LT 5
$328.7K
$287.6K – $383.5K
NOI $23,008 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$639.4K
$559.5K – $746.0K
NOI $44,757 @ 7.0% cap · market cap 13.77%
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
448
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 residential units offer open living areas, durable finishes, private porches, and landscaped outdoor space.
Where is this duplex located?
The property is located at 3003 Baldwin Loop Killeen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side; 2,662 square feet total; built in 2008; Open‑concept interiors with high ceilings and abundant natural light
