Two-Unit Duplex with Granite
For Sale
$359,900
310 Lowes Boulevard, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,592 SF
Lot Size0.27 Acres
Price / SF$138.85
Days on Market110
Property Features for 310 Lowes Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5
Interior features
CeilingFans, DoubleVanity, TubShower, GraniteCounters
Appliances
Dishwasher, ElectricRange, Microwave, Refrigerator, SomeElectricAppliances, Range
Subdivision
Levy Comm First Amendmen
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head E on Stan Schlueter Loop. Turn right onto Trimmier Rd. Turn left onto Lowe's Blvd.
Standard status
Active
APN
479953
Size
2,592 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEVY COMMERCIAL FIRST AMENDMENT (L1-19, B2), BLOCK 002, LOT 0017
Tax Annual Amount
7460
Legal Description
LEVY COMMERCIAL FIRST AMENDMENT (L1-19, B2), BLOCK 002, LOT 0017
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
stained concrete flooring
ceiling fans
central heating and air
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Paintedstained, Concrete
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Isbell REALTORS
(254) 432-7030
Listed By:
Joshua Isbell · License #0597248
(254) 498-6025
Added: May 11
Changed: Aug 26
Last Checked: Aug 28 at 10:06AM
MLS# 613169
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 2019, this 2,592-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. Interior details include stained concrete floors, ceiling fans, granite counters, double vanities, tub-and-shower combinations, and central heating and air. Kitchens are equipped with dishwashers, electric ranges, microwaves, and refrigerators.
The property occupies 0.2686 acres at 310 Lowes Boulevard in Killeen, Bell County, Texas. Public water and public sewer serve the property, while the roof is finished with composition shingles. Unit A is in the process of moving out and is expected to be vacant in June, providing the option for owner occupancy or placement of a new tenant.
The property occupies 0.2686 acres at 310 Lowes Boulevard in Killeen, Bell County, Texas. Public water and public sewer serve the property, while the roof is finished with composition shingles. Unit A is in the process of moving out and is expected to be vacant in June, providing the option for owner occupancy or placement of a new tenant.
Key Highlights
- 2,592‑square‑foot duplex built in 2019
- Two residences with three bedrooms and two bathrooms each
- Unit A expected to be vacant in June
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
$22,403
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
6.22%
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%
$448,060
$448.1K
Cap Rate 7%
$320,043
$320.0K
Cap Rate 9%
$248,922
$248.9K
Market Conditions
NOI Build-Up for 2,592 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
$34.2K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.0K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.4K $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%
$448,060
Cap Rate 7%
$320,043
Cap Rate 9%
$248,922
Alternative Uses
Best Use
Multifamily LT 5
$320.0K
$280.0K – $373.4K
NOI $22,403 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$622.6K
$544.8K – $726.3K
NOI $43,580 @ 7.0% cap · market cap 12.11%
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
808
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
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 - Each residence offers three bedrooms, two bathrooms, central HVAC, and stained concrete flooring.
Where is this duplex located?
The property is located at 310 Lowes Boulevard Killeen, TX.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,592‑square‑foot duplex built in 2019; Two residences with three bedrooms and two bathrooms each; Unit A expected to be vacant in June
