Duplex with Privacy
For Sale
$327,000
4202 Elms Run Circle, Killeen, TX 76542
Two-unit residential income property with central air, electric systems, and kitchens equipped with major appliances.
Property Size2,538 SF
Price / SF$128.84
Days on Market149
Property Features for 4202 Elms Run Circle
General Information
Standard status
Active
Size
2,538 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,427
Amenities
Curbs, Sidewalks
Ceiling Fan(s), Central Air, Electric
Central, Electric
Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Refrigerator, Microwave, Range
Built-in Features, Ceiling Fan(s), Chandelier, Double Vanity, Laminate Counters, Walk-In Closet(s), Eat-in Kitchen, Pantry
Back Yard, Full, Privacy, Wood
Traditional
Building Details
Year Built
2007
Stories
1
Listing Agency:
RE/MAX Legends
(254) 654-0090
Listed By:
Cher Hislop · License #0556816
(254) 654-0090
Source:
Evrealestate
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 1:13PM
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 RE/MAX Legends
Investment Insights
Based on property information with market context.
Built in 2007, this duplex spans 2,538 square feet and offers a residential income configuration in Killeen. Interior details include central air, ceiling fans, laminate counters, walk-in closets, pantries, eat-in kitchens, and double vanities. Kitchen equipment includes electric ranges, refrigerators, microwaves, dishwashers, exhaust fans, and electric water heaters.
The property is located at 4202 Elms Run Circle, with access from Elms Road and nearby S WS Young Drive. Exterior features include a full wood privacy fence and a traditional design. The property is in Bell County.
The property is located at 4202 Elms Run Circle, with access from Elms Road and nearby S WS Young Drive. Exterior features include a full wood privacy fence and a traditional design. The property is in Bell County.
Key Highlights
- Duplex property totaling 2,538 square feet
- Built in 2007
- Central air and electric systems
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
$21,936
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
6.71%
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%
$438,720
$438.7K
Cap Rate 7%
$313,371
$313.4K
Cap Rate 9%
$243,733
$243.7K
Market Conditions
NOI Build-Up for 2,538 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
$33.5K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$31.3K $12.35/SF
− OpEx
−$9.4K −$3.70/SF
NOI
$21.9K $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%
$438,720
Cap Rate 7%
$313,371
Cap Rate 9%
$243,733
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,936 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.3K
NOI $20,295 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$609.6K
$533.4K – $711.2K
NOI $42,673 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with central air, electric systems, and kitchens equipped with major appliances.
Where is this duplex located?
The property is located at 4202 Elms Run Circle Killeen, TX.
What is the asking price?
The asking price for this property is $327,000.
What are key features of this property?
This property features: Duplex property totaling 2,538 square feet; Built in 2007; Central air and electric systems
