Brick-and-Stone
For Sale
$390,000
3414 Abraham Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,733 SF
Lot Size0.17 Acres
Price / SF$142.70
Days on Market177
Property Features for 3414 Abraham Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
Patio and Porch features
Patio, Porch
Interior features
CeilingFans, PullDownAtticStairs, TubShower, Vanity, WalkInClosets, BreakfastBar, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry
Exterior features
CoveredPatio, Porch
Appliances
Dishwasher, ElectricCooktop, Disposal, Oven, Refrigerator, WaterHeater, Cooktop, Microwave, Range
Subdivision
Bunny Trl Vlg
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Bunny Trail, Right on Abraham
Standard status
Active
APN
509312
Size
2,733 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BUNNY TRAIL VILLAGE, BLOCK 002, LOT 0023
Legal Description
BUNNY TRAIL VILLAGE, BLOCK 002, LOT 0023
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Amenities
full yard sod
privacy fencing
vinyl plank flooring
open-concept kitchen
granite countertops
custom wood cabinetry
stainless steel appliance package
walk-in closet
garage door openers
garbage disposals
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Masonry
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
The Real Estate Home Team Llc
(254) 213-2708
Listed By:
Jessica Lloyd · License #0644878
(251) 656-0254
Added: Mar 4
Changed: Aug 27
Last Checked: Aug 28 at 11:06AM
MLS# 606221
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 2022 ranch-style duplex contains 2,733 square feet across two residential units. Each unit includes three bedrooms, two bathrooms, a one-car garage, a walk-in closet in the primary bedroom, and an open connection between the kitchen, dining, and living areas. Granite countertops, wood cabinetry, stainless steel appliances, laminate flooring, ceiling fans, and central air add practical functionality. Exterior features include masonry construction, sod, an irrigation system, privacy fencing, a covered patio, and a porch.
The property is located at 3414 Abraham Drive in Killeen, Texas, within Bell County. Public sewer serves the property, with electric heating and cooling. Current leases are in place for Unit A through 5/31/2026 and Unit B through 5/31/2027. The lot measures 0.1728 acres, and the roof uses shingle and composition materials.
The property is located at 3414 Abraham Drive in Killeen, Texas, within Bell County. Public sewer serves the property, with electric heating and cooling. Current leases are in place for Unit A through 5/31/2026 and Unit B through 5/31/2027. The lot measures 0.1728 acres, and the roof uses shingle and composition materials.
Key Highlights
- 2,733‑square‑foot duplex completed in 2022
- Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Open kitchen, dining, and living layouts with granite counters and stainless steel appliances
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
$23,622
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
6.06%
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%
$472,440
$472.4K
Cap Rate 7%
$337,457
$337.5K
Cap Rate 9%
$262,467
$262.5K
Market Conditions
NOI Build-Up for 2,733 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
$36.1K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$33.7K $12.35/SF
− OpEx
−$10.1K −$3.70/SF
NOI
$23.6K $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%
$472,440
Cap Rate 7%
$337,457
Cap Rate 9%
$262,467
Alternative Uses
Best Use
Multifamily LT 5
$337.5K
$295.3K – $393.7K
NOI $23,622 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.3K
NOI $21,855 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$656.4K
$574.4K – $765.9K
NOI $45,951 @ 7.0% cap · market cap 11.78%
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
295
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 - Two ranch-style units offer open living areas, private garages, fenced backyards, and contemporary kitchen finishes.
Where is this duplex located?
The property is located at 3414 Abraham Drive Killeen, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,733‑square‑foot duplex completed in 2022; Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; Open kitchen, dining, and living layouts with granite counters and stainless steel appliances
