Two-Unit Residential
311 S 42nd Street #A&B, Killeen, TX 76543
For Sale
New
$288,700
Both residences are occupied under leases running into 2027.
Property Size2,199 SF
Price / SF$131.29
Days on Market6
Property Features for 311 S 42nd Street #A&B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
Ceiling Fan(s)
Tub Shower
Building Details
Building Size
Year Built
Units
Listing Agency:
Olive Branch Realty & PM
(512) 317-4925
Listed By:
Cheree A. Clemons · License TX #0663120
Source:
Hallamericansa
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 12 at 11:57PM
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, two bathrooms, and an attached one-car garage. One unit has vinyl plank flooring throughout, newer appliances, and selected interior updates. The other has scope for further interior improvements.
Both units are tenant-occupied, with leases extending into 2027. The property is located on S 42nd Street in Killeen, Texas.
Both units are tenant-occupied, with leases extending into 2027. The property is located on S 42nd Street in Killeen, Texas.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Both units are tenant‑occupied with leases extending into 2027
- Each residence has an attached one‑car garage
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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
$140,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Killeen, TX
Properties on Market for Duplexes in Killeen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under leases running into 2027.
Where is this duplex located?
The property is located at 311 S 42nd Street #A&B 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 residences, each with 3 bedrooms and 2 bathrooms; Both units are tenant‑occupied with leases extending into 2027; Each residence has an attached one‑car garage
