Single-Story Brick
For Sale
$245,000
3604 Littleleaf Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size1,943 SF
Lot Size0.20 Acres
Price / SF$126.09
Days on Market11
Property Features for 3604 Littleleaf Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Interior features
CeilingFans, WindowTreatments, BreakfastBar, BedroomOnMainLevel, BreakfastArea, EatInKitchen, KitchenFamilyRoomCombo
Appliances
ElectricRange, ElectricWaterHeater, Cooktop, Range
Subdivision
Roberts Add Sec Two
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14/US-190: Take I-14/US-190 to the Elm Road exit. Travel on Elm Road, then turn onto Littleleaf Drive. Continue on Littleleaf Drive to the property. 3604 Littleleaf Drive will be on the left. Property records and nearby listings confirm the Elm Road ? Littleleaf Drive route.
Standard status
Active
APN
238242
Size
1,943 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
ROBERTS ADDITION SECTION TWO, BLOCK 003, LOT 0009
Tax Annual Amount
4761
Legal Description
ROBERTS ADDITION SECTION TWO, BLOCK 003, LOT 0009
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry area
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Layne Hix · License #0699305
(254) 394-0665
Added: Sep 2
Changed: Sep 7
Last Checked: Sep 12 at 1:06PM
MLS# 624332
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 single-story duplex contains two 2-bedroom, 1-bathroom residences totaling approximately 1,943 square feet. Each unit measures approximately 970 square feet and includes a laundry area, off-street parking, living spaces, an eat-in kitchen, and a breakfast bar. The building has a brick exterior, vinyl and carpet flooring, ceiling fans, window treatments, and electric ranges. Constructed in 2003, the property includes recent updates but requires some light work and is offered AS IS.
The 0.1973-acre property is served by public water and public sewer. Shopping centers are approximately 1.5 miles away, AdventHealth Central Texas is approximately 2.8 miles away, and Fort Hood is approximately 11.4 miles from the property. Access to I-14/US-190 connects the area with Harker Heights, Copperas Cove, Belton, and Temple. Austin is approximately 70 miles away, while Waco is approximately 60 miles away.
The 0.1973-acre property is served by public water and public sewer. Shopping centers are approximately 1.5 miles away, AdventHealth Central Texas is approximately 2.8 miles away, and Fort Hood is approximately 11.4 miles from the property. Access to I-14/US-190 connects the area with Harker Heights, Copperas Cove, Belton, and Temple. Austin is approximately 70 miles away, while Waco is approximately 60 miles away.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units with approximately 970 square feet each
- Approximately 1,943 square feet total on 0.1973 acres
- Built in 2003 with an all‑brick exterior
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
$16,794
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
6.85%
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%
$335,880
$335.9K
Cap Rate 7%
$239,914
$239.9K
Cap Rate 9%
$186,600
$186.6K
Market Conditions
NOI Build-Up for 1,943 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
$25.6K $13.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$24.0K $12.35/SF
− OpEx
−$7.2K −$3.70/SF
NOI
$16.8K $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%
$335,880
Cap Rate 7%
$239,914
Cap Rate 9%
$186,600
Alternative Uses
Best Use
Multifamily LT 5
$239.9K
$209.9K – $279.9K
NOI $16,794 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,537 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$466.7K
$408.4K – $544.5K
NOI $32,669 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residential units include private laundry areas, off-street parking, and updated living areas.
Where is this duplex located?
The property is located at 3604 Littleleaf Drive Killeen, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units with approximately 970 square feet each; Approximately 1,943 square feet total on 0.1973 acres; Built in 2003 with an all‑brick exterior
