Masonry Duplex with
For Sale
$289,000
3015 Cantabrian Drive, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,226 SF
Lot Size0.31 Acres
Price / SF$129.83
Days on Market90
Property Features for 3015 Cantabrian Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 2
Interior features
CeilingFans, DoubleVanity, TubShower, EatInKitchen
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, Disposal, Refrigerator, SomeElectricAppliances, Microwave, Range
Subdivision
Loma Vista Estates Amd Lt
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
If driving I-14 to Killeen, take Trimmier Exist, turn Left toward Elms Rd, turn Right onto Florence Rd, turn Left onto Granada Dr, turn Right onto Cantabrian Dr, duplex is on the Right facing Toledo Dr. If from I-35 N, take Exit to Killeen/Fort Hood, keep driving to Fort Hood St, take Right onto Loma Vista Pkwy, turn Left onto Cantabrian Dr, the duplex is on the Left facing Toledo Dr
Standard status
Active
APN
168724
Size
2,226 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOMA VISTA ESTATES AMENDED (LTS 1-8 BLK 10), BLOCK 010, LOT 0006
Tax Annual Amount
5125
Legal Description
LOMA VISTA ESTATES AMENDED (LTS 1-8 BLK 10), BLOCK 010, LOT 0006
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Masonry
Roof type
Shingle, Composition
Architectural style
Contemporary
Listing Agency:
Centex Sunshine Realty
(254) 300-8228
Listed By:
Suky Simms · License #0591818
(254) 432-1140
Added: Jun 16
Changed: Sep 13
Last Checked: Sep 13 at 9:06PM
MLS# 617065
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.
Built in 2001, this contemporary duplex contains 2,226 square feet with two matching residences. Each unit offers 3 bedrooms, 2 full bathrooms, a one-car garage, an eat-in kitchen, ceiling fans, double vanities, and tub-and-shower combinations. Tile flooring runs throughout the interiors without carpet, while central electric heating and cooling support year-round comfort. Kitchen appliances include refrigerators, electric ranges, dishwashers, disposals, and microwaves.
Both units are fully occupied, with current lease terms ending in March 2027 and May 2027. The property sits on a 0.3149-acre lot with privacy fencing, public water, and public sewer. Masonry construction and a composition shingle roof complete the primary building features.
Both units are fully occupied, with current lease terms ending in March 2027 and May 2027. The property sits on a 0.3149-acre lot with privacy fencing, public water, and public sewer. Masonry construction and a composition shingle roof complete the primary building features.
Key Highlights
- Two‑unit duplex totaling 2,226 square feet
- Each unit includes 3 bedrooms, 2 full bathrooms, and a one‑car garage
- Fully occupied with leases expiring in March 2027 and May 2027
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
$19,240
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
6.66%
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%
$384,800
$384.8K
Cap Rate 7%
$274,857
$274.9K
Cap Rate 9%
$213,778
$213.8K
Market Conditions
NOI Build-Up for 2,226 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
$29.4K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.5K $12.35/SF
− OpEx
−$8.2K −$3.70/SF
NOI
$19.2K $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%
$384,800
Cap Rate 7%
$274,857
Cap Rate 9%
$213,778
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.5K – $320.7K
NOI $19,240 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,800 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$534.7K
$467.8K – $623.8K
NOI $37,427 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
534
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with leases extending into 2027.
Where is this duplex located?
The property is located at 3015 Cantabrian Drive Killeen, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,226 square feet; Each unit includes 3 bedrooms, 2 full bathrooms, and a one‑car garage; Fully occupied with leases expiring in March 2027 and May 2027
