Duplex With New Roof and
For Sale
$339,000
4201 Cambridge Drive, Killeen, TX 76549
Two-unit property with stained concrete floors and no HOA.
Property Size2,806 SF
Price / SF$120.81
Days on Market91
Property Features for 4201 Cambridge Drive
General Information
Standard status
Active
Size
2,806 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2008
Listing Agency:
StarPointe Realty CTX, LLC
Listed By:
Sujin Henson · License #0713862
(737) 203-0360
Source:
Efirsttexas
Added: Aug 4
Changed: Nov 1
Last Checked: Nov 1 at 2:50AM
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 StarPointe Realty CTX, LLC
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Investment Insights
Based on property information with market context.
Built in 2008, this duplex provides 2806 square feet across two residences. Stained concrete flooring extends throughout both sides, with no carpet to maintain. Each side is served by a brand new HVAC system, and the property also has a brand new roof. The absence of an HOA provides ownership flexibility.
The property is minutes from Fort Hood and offers access to nearby shopping and dining. Its location is suited to military households seeking proximity to post and to investors evaluating rental housing near the installation.
The property is minutes from Fort Hood and offers access to nearby shopping and dining. Its location is suited to military households seeking proximity to post and to investors evaluating rental housing near the installation.
Key Highlights
- 2806‑square‑foot duplex built in 2008
- Brand new roof serving the property
- Brand new HVAC systems on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,253
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,060
$485.1K
Cap Rate 7%
$346,471
$346.5K
Cap Rate 9%
$269,478
$269.5K
Market Conditions
NOI Build-Up for 2,806 SF
Gross rent
$37.0K $13.20/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$34.6K $12.35/SF
− OpEx
−$10.4K −$3.70/SF
NOI
$24.3K $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 Rate 5%
$485,060
Cap Rate 7%
$346,471
Cap Rate 9%
$269,478
Alternative Uses
Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.2K
NOI $24,253 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$320.5K
$280.5K – $374.0K
NOI $22,438 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$674.0K
$589.7K – $786.3K
NOI $47,179 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with stained concrete floors and no HOA.
Where is this duplex located?
The property is located at 4201 Cambridge Drive Killeen, TX.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2806‑square‑foot duplex built in 2008; Brand new roof serving the property; Brand new HVAC systems on both sides
