Three-Bedroom
For Sale
$325,000
3708 Littleleaf Drive, Killeen, TX 76549
Two residential units offer matching layouts, fenced outdoor space, and proximity to Fort Cavazos, shopping, and restaurants.
Property Size2,590 SF
Price / SF$125.48
Days on Market1066
Property Features for 3708 Littleleaf Drive
General Information
Standard status
Active
Size
2,590 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
50%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,229
Amenities
fenced backyard
Central Air
3
Dishwasher, Disposal, Range, Refrigerator, Oven
Composition
Patio, Covered, Deck
R-2
Parking. Deck.
No Parking, Assigned Parking Space.
Brick Trim/Veneer
Building Details
Year Built
2004
Buildings
1
Listing Agency:
HomeSmart
(972) 401-1400
Listed By:
Lety Ford
(254) 220-9956
Source:
Xome
Added: Oct 4, 2023
Changed: Sep 2
Last Checked: Sep 2 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains two residential units with matching layouts of three bedrooms and two bathrooms per side. Central air serves the units, and each includes a kitchen equipped with a dishwasher, disposal, range, refrigerator, and oven. The property also features a covered patio, deck, fenced backyard, brick trim or veneer, and new exterior light fixtures.
One unit is currently rented while the other is available for occupancy. The roof was replaced in 2024. The property is approximately 10 minutes from Fort Cavazos, shopping, and restaurants, providing a residential setting with access to nearby daily conveniences.
One unit is currently rented while the other is available for occupancy. The roof was replaced in 2024. The property is approximately 10 minutes from Fort Cavazos, shopping, and restaurants, providing a residential setting with access to nearby daily conveniences.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- One side currently rented; the other side available for occupancy
- Roof replaced in 2024
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
$22,386
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
6.89%
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%
$447,720
$447.7K
Cap Rate 7%
$319,800
$319.8K
Cap Rate 9%
$248,733
$248.7K
Market Conditions
NOI Build-Up for 2,590 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
$34.2K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.0K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.4K $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%
$447,720
Cap Rate 7%
$319,800
Cap Rate 9%
$248,733
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K
NOI $22,386 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.2K
NOI $20,711 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
227
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 residential units offer matching layouts, fenced outdoor space, and proximity to Fort Cavazos, shopping, and restaurants.
Where is this duplex located?
The property is located at 3708 Littleleaf Drive Killeen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; One side currently rented; the other side available for occupancy; Roof replaced in 2024
