Duplex with Fenced
For Sale
$310,000
3809 Edgefield Street, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,366 SF
Lot Size0.19 Acres
Price / SF$131.02
Days on Market100
Property Features for 3809 Edgefield Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Interior features
CeilingFans, TubShower
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, Microwave, Refrigerator, WaterHeater, SomeElectricAppliances, Range
Subdivision
Windmill Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Maxdale Elementary School
Middle school
Live Oak Ridge Middle School
High school
Shoemaker High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Stan Schlueter to Robinette Road, turn right on Edgefield.
Standard status
Active
APN
366541
Size
2,366 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WINDMILL ADDITION, BLOCK 001, LOT 0014
Tax Annual Amount
6153
Legal Description
WINDMILL ADDITION, BLOCK 001, LOT 0014
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
fenced backyard
Building Details
Year built
2006
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
Brick, Masonry
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
Lone Star Realty & Property Ma
(254) 699-7003
Listed By:
Karen Doerbaum · License #0386068
(254) 290-0718
Added: May 21
Changed: Aug 27
Last Checked: Aug 28 at 11:06AM
MLS# 614488
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 ranch-style duplex at 3809 Edgefield Street provides 2,366 square feet on a 0.1928-acre lot. The layout includes three bedrooms and two bathrooms, with carpet in the bedrooms and ceramic tile across the primary living areas. Brick and masonry construction, composition shingle roofing, central electric heating, and central air conditioning are documented improvements.
The kitchen includes a dishwasher, electric range, microwave, refrigerator, and breakfast bar. It connects with a dedicated dining area that looks toward the living room, while the fenced backyard adds a defined outdoor area. Public water and public sewer serve the property, which was built in 2006 and is located in Killeen, Texas.
The kitchen includes a dishwasher, electric range, microwave, refrigerator, and breakfast bar. It connects with a dedicated dining area that looks toward the living room, while the fenced backyard adds a defined outdoor area. Public water and public sewer serve the property, which was built in 2006 and is located in Killeen, Texas.
Key Highlights
- 2,366‑square‑foot duplex on a 0.1928‑acre lot
- Three bedrooms and two bathrooms
- Brick and masonry construction completed in 2006
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
$20,450
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
6.60%
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%
$409,000
$409.0K
Cap Rate 7%
$292,143
$292.1K
Cap Rate 9%
$227,222
$227.2K
Market Conditions
NOI Build-Up for 2,366 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
$31.2K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.2K $12.35/SF
− OpEx
−$8.8K −$3.70/SF
NOI
$20.4K $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%
$409,000
Cap Rate 7%
$292,143
Cap Rate 9%
$227,222
Alternative Uses
Best Use
Multifamily LT 5
$292.1K
$255.6K – $340.8K
NOI $20,450 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$270.3K
$236.5K – $315.3K
NOI $18,920 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$568.3K
$497.3K – $663.0K
NOI $39,781 @ 7.0% cap · market cap 12.83%
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
109
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 - Ranch-style property with durable tile in living spaces, carpeted bedrooms, and a kitchen connected to dining and living areas.
Where is this duplex located?
The property is located at 3809 Edgefield Street Killeen, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,366‑square‑foot duplex on a 0.1928‑acre lot; Three bedrooms and two bathrooms; Brick and masonry construction completed in 2006
