Two-Unit Duplex with Attached
For Sale
$288,700
311 S 42ND A B KILLEEN TX 76543, Killeen, TX 76543
Both residences have three bedrooms, two bathrooms, and attached one-car garages, with leases extending into 2027.
Property Size2,199 SF
Price / SF$131.29
Days on Market14
Property Features for 311 S 42ND A B KILLEEN TX 76543
General Information
Standard status
Active
Size
2,199 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2005
Stories
1
Listing Agency:
Olive Branch Realty & PM
Listed By:
Cheree Clemons · License #0663120
(512) 317-4925
Source:
Kwsanantonio
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 28 at 4:39AM
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 Olive Branch Realty & PM
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,199-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. Both units include an attached one-car garage. One residence has vinyl plank flooring, newer appliances, and other interior updates; the second offers a different level of finish.
Key Highlights
- Two 3‑bedroom, 2‑bathroom residences
- 2,199‑square‑foot duplex built in 2005
- Attached one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,006
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,120
$380.1K
Cap Rate 7%
$271,514
$271.5K
Cap Rate 9%
$211,178
$211.2K
Market Conditions
NOI Build-Up for 2,199 SF
Gross rent
$29.0K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.2K $12.35/SF
− OpEx
−$8.1K −$3.70/SF
NOI
$19.0K $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 Rate 5%
$380,120
Cap Rate 7%
$271,514
Cap Rate 9%
$211,178
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,006 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.1K
NOI $17,584 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two bathrooms, and attached one-car garages, with leases extending into 2027.
Where is this duplex located?
The property is located at 311 S 42ND A B KILLEEN TX 76543 Killeen, TX.
What is the asking price?
The asking price for this property is $288,700.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom residences; 2,199‑square‑foot duplex built in 2005; Attached one‑car garage for each unit
