Back to Search
Income-Generating Duplex Near Fort Hood

3704 Gus Drive Killeen, TX 76549

Claim this Listing
For Sale
$285,000

MULTI_FAMILY - Other - Killeen, TX

Property size:
2,450 SF
Lot size:
0.19 Acres
Price / SF:
$116.33/SF
Added:
May 11, 2026
Days on Market:
65
Last Refresh:
Jul 14 at 10:06 am

Property Features for 3704 Gus Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bathroom 4, Bedroom 4, Dining Room, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
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
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

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
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
Composition, Shingle
Architectural style
Other

Listing agent Priscilla Linnemann License #0715159

Listing office Linnemann Realty 3402 S W.S. Young Drive #A, TX

Listing date May 11, 2026

MLS# 613193 Listing URL

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 income-generating duplex, located in Killeen, TX, is positioned as an investment opportunity. The property is situated minutes from Fort Hood. The property contains 2,450 square feet of space and sits on a lot of 0.1901 acres. Both sides of the duplex are currently occupied. Showings are available by appointment only, with 24 hours notice.

Key Highlights

  • Duplex built in 2001 with both sides occupied
  • Minutes from Fort Hood
  • Brick/masonry construction with composition/shingle roof

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $32.3k $13.20
− Vacancy −$2.1k −$0.85
EGI $30.3k $12.35
− OpEx −$9.1k −$3.70
NOI $21.2k $8.64
2,450 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K (±1% cap)
NOI $21,176 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.5K (±1% cap)
NOI $19,592 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K (±1% cap)
NOI $41,193 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm HVAC Service Dental Office Electrical Service Building Supply Grocery & Convenience Store Kitchen & Bath Showroom Accounting Firm (Bike/Boat/Book/etc) Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in Killeen, TX, near Fort Hood.
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 $285,000.
What are key features of this property?
This property features: Duplex built in 2001 with both sides occupied; Minutes from Fort Hood; Brick/masonry construction with composition/shingle roof
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message