Brick Duplex With
For Sale
$295,000
3207 Dannen Court, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,222 SF
Lot Size0.23 Acres
Price / SF$132.76
Days on Market710
Property Features for 3207 Dannen Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Garage
Interior features
CeilingFans, DoubleVanity, KitchenIsland
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, RangeHood
Subdivision
Windfield Estates Ph Six
Lot features
Less Than Quarter Acre
Elementary school
Maxdale Elementary School
Middle school
Live Oak Ridge Middle School
High school
Shoemaker High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Clear Creek Rd turn on Watercrest, take a right on Cody Poe, then a right on Dannen. Duplex will be on your right.
Standard status
Active
APN
348883
Size
2,222 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WINDFIELD ESTATES PHASE SIX, BLOCK 001, LOT 0011
Tax Annual Amount
5704
Legal Description
WINDFIELD ESTATES PHASE SIX, BLOCK 001, LOT 0011
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Centroplex Investors, Inc.
(254) 526-2020
Listed By:
Donna Gormley · License #0287969
(254) 290-1157
Added: Sep 18, 2024
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 557223
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.
This two-unit duplex contains 2,222 square feet on a 0.2298-acre parcel and was built in 2005. The property provides four bedrooms and four bathrooms in total, with each side described as a two-bedroom, two-bath layout. Interior features include ceiling fans, double vanities, and kitchen islands, while appliances include dishwashers, electric ranges, refrigerators, range hoods, and electric water heaters. Central electric heating and cooling serve the units. Brick construction, carpet and tile flooring, composition shingle roofing, privacy fencing, and garage parking complete the improvements.
The duplex is fully rented and situated in South Killeen near Fort Cavazos, schools, a hospital, and shopping. Public water and public sewer serve the property.
The duplex is fully rented and situated in South Killeen near Fort Cavazos, schools, a hospital, and shopping. Public water and public sewer serve the property.
Key Highlights
- 2,222 SF duplex on 0.2298 acres
- Four bedrooms and four bathrooms total; each unit is described as two bedrooms and two bathrooms
- Built in 2005 with brick construction and composition shingle roof
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
$19,205
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
6.51%
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%
$384,100
$384.1K
Cap Rate 7%
$274,357
$274.4K
Cap Rate 9%
$213,389
$213.4K
Market Conditions
NOI Build-Up for 2,222 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
$29.3K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.4K $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%
$384,100
Cap Rate 7%
$274,357
Cap Rate 9%
$213,389
Alternative Uses
Best Use
Multifamily LT 5
$274.4K
$240.1K – $320.1K
NOI $19,205 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,359 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
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 - Fully occupied duplex with private garages, brick construction, and public water and sewer service.
Where is this duplex located?
The property is located at 3207 Dannen Court Killeen, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,222 SF duplex on 0.2298 acres; Four bedrooms and four bathrooms total; each unit is described as two bedrooms and two bathrooms; Built in 2005 with brick construction and composition shingle roof
