2-Unit Duplex with Attached
New
For Sale
$288,700
311 S 42nd Street, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,199 SF
Lot Size0.25 Acres
Price / SF$131.29
Days on Market4
Property Features for 311 S 42nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3
Interior features
CeilingFans, TubShower
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
Subdivision
Brooksville Add
Lot features
City Lot, Mature Trees
Elementary school
Ira Cross Elementary School
Middle school
Manor Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head northwest out of Georgetown toward TX-195 N (Berry Creek area).Merge onto TX-195 N / S Fort Hood Rd and follow it straight for about 35 miles toward Killeen. As you enter Killeen, take the exit toward I-14 / US-190 E. Take the W S Young Drive exit, turn left onto S Young Dr, then turn right onto E Veterans Memorial Blvd. Turn right onto S 42nd St; your destination will be on the right.
Standard status
Active
APN
3174
Size
2,199 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BROOKSVILLE ADDITION, BLOCK 003, LOT 0010, (TOD DEED)
Tax Annual Amount
6943
Legal Description
BROOKSVILLE ADDITION, BLOCK 003, LOT 0010, (TOD DEED)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
BrickVeneer, VinylSiding
Roof type
Composition, Shingle
Listing Agency:
Olive Branch Realty & PM
Listed By:
Cheree A. Clemons · License #0663120
(512) 317-4925
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 19 at 8:06PM
MLS# 627988
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains two three-bedroom, two-bathroom residences within 2,199 square feet. Each unit has an attached one-car garage. Central heating and air conditioning serve the property, and the listed finishes include carpet and vinyl flooring alongside brick veneer and vinyl siding.
Both residences are occupied under leases that extend into 2027. The property sits on a 0.2516-acre lot in Killeen, Texas.
Both residences are occupied under leases that extend into 2027. The property sits on a 0.2516-acre lot in Killeen, Texas.
Key Highlights
- Two 3‑bedroom, 2‑bathroom residences
- 2,199 square feet on a 0.2516‑acre lot
- Both units tenant‑occupied with leases extending into 2027
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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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, with lease terms extending into 2027.
Where is this duplex located?
The property is located at 311 S 42nd Street 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 feet on a 0.2516‑acre lot; Both units tenant‑occupied with leases extending into 2027
