Brick Duplex with Garage
For Sale
$280,000
3704 Gus Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,450 SF
Lot Size0.19 Acres
Price / SF$114.29
Days on Market115
Property Features for 3704 Gus Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Dining Room
Parking features
Garage
Interior features
CeilingFans, DiningArea, SeparateFormalDiningRoom, DoubleVanity, LaminateCounters, LivingDiningRoom, PullDownAtticStairs, TubShower, WalkInClosets, WindowTreatments, EatInKitchen, KitchenFamilyRoomCombo, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Oven, Refrigerator, SomeElectricAppliances
Subdivision
Lonesome Dove Sub Phas
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Willow Springs Elementary School
Middle school
Roy J Smith Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Stan Schlueter. Take a right onto Robinette. Take a right on Gus. Property will be on your right hand side.
Standard status
Active
APN
232286
Size
2,450 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LONESOME DOVE SUBDIVISION PHASE TWO, BLOCK 001, LOT 0008
Tax Annual Amount
5597
Legal Description
LONESOME DOVE SUBDIVISION PHASE TWO, BLOCK 001, LOT 0008
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Added: May 11
Changed: Aug 20
Last Checked: Sep 2 at 6:06PM
MLS# 613193
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.
Located at 3704 Gus Drive in Killeen, this duplex contains 2,450 square feet on a 0.1901-acre lot. Built in 2001, the property features brick and masonry construction, a composition shingle roof, central electric heating and cooling, and garage parking. Privacy fencing surrounds the property, while public water and public sewer serve the building.
The interior room inventory includes six bedrooms, four bathrooms, and a dining room. Interior features include walk-in closets, ceiling fans, tile and carpet flooring, laminate and solid-surface counters, pantry storage, and pull-down attic stairs. Kitchens are equipped with electric ranges, ovens, refrigerators, dishwashers, disposals, and electric water heaters.
Both sides are occupied. The property is located in Killeen, with Fort Hood described as only minutes away. Showings are available by appointment with 24 hours’ notice.
The interior room inventory includes six bedrooms, four bathrooms, and a dining room. Interior features include walk-in closets, ceiling fans, tile and carpet flooring, laminate and solid-surface counters, pantry storage, and pull-down attic stairs. Kitchens are equipped with electric ranges, ovens, refrigerators, dishwashers, disposals, and electric water heaters.
Both sides are occupied. The property is located in Killeen, with Fort Hood described as only minutes away. Showings are available by appointment with 24 hours’ notice.
Key Highlights
- 2,450 square feet on a 0.1901‑acre lot
- Both sides are occupied
- Built in 2001 with brick and masonry construction
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
$21,176
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
7.56%
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%
$423,520
$423.5K
Cap Rate 7%
$302,514
$302.5K
Cap Rate 9%
$235,289
$235.3K
Market Conditions
NOI Build-Up for 2,450 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
$32.3K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.3K $12.35/SF
− OpEx
−$9.1K −$3.70/SF
NOI
$21.2K $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%
$423,520
Cap Rate 7%
$302,514
Cap Rate 9%
$235,289
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,193 @ 7.0% cap · market cap 14.71%
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
381
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 - Both units are occupied, with brick construction, garage parking, and privacy fencing.
Where is this duplex located?
The property is located at 3704 Gus Drive Killeen, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 2,450 square feet on a 0.1901‑acre lot; Both sides are occupied; Built in 2001 with brick and masonry construction
