Corner-Lot
For Sale
$330,000
3801 Hitchrock Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,392 SF
Lot Size0.22 Acres
Price / SF$137.96
Days on Market696
Property Features for 3801 Hitchrock Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4
Interior features
CeilingFans
Appliances
Dishwasher, ExhaustFan, ElectricRange, ElectricWaterHeater, Refrigerator, SomeElectricAppliances
Subdivision
Stratford Fifth Ext
Lot features
Corner Lot, Less Than Quarter Acre
Elementary school
Willow Springs Elementary School
Middle school
Palo Alto Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From I-14 travel south on Clear Creek, left on Elms, right on Hitchrock, duplex is on the corner of Hitchrock and Elms on the right.
Standard status
Active
APN
208347
Size
2,392 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STRATFORD FIFTH EXT, BLOCK 015, LOT 0001
Tax Annual Amount
4800
Legal Description
STRATFORD FIFTH EXT, BLOCK 015, LOT 0001
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
BrickVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Centroplex Investors, Inc.
(254) 526-2020
Listed By:
Donna Gormley · License #0287969
(254) 290-1157
Added: Oct 2, 2024
Changed: Aug 20
Last Checked: Aug 28 at 11:06AM
MLS# 558571
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.
Built in 2000, this duplex contains 2,392 square feet across two residences, with each side offering three bedrooms, two bathrooms, and a one-car garage. The property sits on a 0.2233-acre corner lot and features brick veneer construction, shingle composition roofing, central electric heating and cooling, ceiling fans, carpet and laminate flooring, and public water and sewer service. Kitchens include electric ranges, refrigerators, dishwashers, exhaust fans, and electric water heaters.
The property is located in South Killeen near schools and shopping, with access to Post and a hospital identified in the property information. Its residential income configuration and separate garage capacity on each side provide a straightforward two-unit layout.
The property is located in South Killeen near schools and shopping, with access to Post and a hospital identified in the property information. Its residential income configuration and separate garage capacity on each side provide a straightforward two-unit layout.
Key Highlights
- 2,392‑square‑foot duplex built in 2000
- Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 0.2233‑acre corner lot in South Killeen
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
$20,674
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
6.26%
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%
$413,480
$413.5K
Cap Rate 7%
$295,343
$295.3K
Cap Rate 9%
$229,711
$229.7K
Market Conditions
NOI Build-Up for 2,392 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
$31.6K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.5K $12.35/SF
− OpEx
−$8.9K −$3.70/SF
NOI
$20.7K $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%
$413,480
Cap Rate 7%
$295,343
Cap Rate 9%
$229,711
Alternative Uses
Best Use
Multifamily LT 5
$295.3K
$258.4K – $344.6K
NOI $20,674 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,128 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$574.5K
$502.7K – $670.3K
NOI $40,218 @ 7.0% cap · market cap 12.19%
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
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 - Each residence provides three bedrooms, two bathrooms, and a one-car garage.
Where is this duplex located?
The property is located at 3801 Hitchrock Drive Killeen, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,392‑square‑foot duplex built in 2000; Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; 0.2233‑acre corner lot in South Killeen
