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Killeen Duplex: Investor's Dream

4202 Elms Run Circle Killeen, TX 76542

Claim this Listing
For Sale
$327,000

MULTI_FAMILY - Other - Killeen, TX

Property size:
2,538 SF
Lot size:
0.21 Acres
Price / SF:
$128.84/SF
Added:
Apr 2, 2026
Days on Market:
104
Last Refresh:
Jul 14 at 4:06 am

Property Features for 4202 Elms Run Circle

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
Parking features
Garage, Open
Patio and Porch features
Porch, Patio
Interior features
BuiltInFeatures, CeilingFans, Chandelier, DoubleVanity, GardenTubRomanTub, LaminateCounters, TubShower, WalkInClosets, CustomCabinets, EatInKitchen, KitchenDiningCombo, Pantry, SolidSurfaceCounters
Exterior features
CoveredPatio, Porch, PrivateYard
Fencing
Privacy
Appliances
Dishwasher, ExhaustFan, ElectricRange, ElectricWaterHeater, Refrigerator, SomeElectricAppliances, Microwave, Range
Standard status
Active
APN
385198
Size
2,538 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
ELMS RUN ADDITION PHASE ONE, BLOCK 003, LOT 0012
Tax Annual Amount
6427

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public

Building Details

Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
BrickVeneer, Frame, Masonry, Stone
Roof type
Composition, Shingle
Architectural style
Other

Listing agent Cher Hislop License #0556816

Listing office Texas Legends Realty P.O. Box 1017, TX

Listing date Apr 2, 2026

MLS# 609189 Listing URL

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 duplex in Killeen, Texas, presents an investment opportunity. The property features a total of 2538 square feet, with each side offering a 3-bedroom, 2-bathroom layout and a 1-car garage. Constructed with four sides of brick accented with stone, the duplex has been maintained annually, including upgrades such as new carpet, fresh paint, and a new wooden privacy fence. Both units are currently leased. Each unit includes a full kitchen that opens to a spacious dining area. Black appliances, including an electric range, built-in microwave, dishwasher, and Whirlpool refrigerator, are provided. Tile flooring is installed in the wet areas, while the bedrooms and hallway are carpeted. Additional amenities include a built-in desk area, lighted ceiling fans, a garden tub, blinds, window treatments, and a garage door opener. The property is situated on a lot of 0.2121 acres. The property includes a current home warranty with AHS.

Key Highlights

  • Duplex built in 2007 with 2 identical 3BR/2BA units, 2,538 SF total
  • 4‑sides brick exterior with stone accents
  • Each unit features a full kitchen open to a spacious dining area plus a pantry

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $33.5k $13.20
− Vacancy −$2.2k −$0.85
EGI $31.3k $12.35
− OpEx −$9.4k −$3.70
NOI $21.9k $8.64
2,538 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K (±1% cap)
NOI $21,936 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.3K (±1% cap)
NOI $20,295 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$609.6K
$533.4K – $711.2K (±1% cap)
NOI $42,673 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service Plumbing Service Accounting Firm Storage Facility Law Firm (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex in Killeen, leased and ready for investment.
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 built in 2007 with 2 identical 3BR/2BA units, 2,538 SF total; 4‑sides brick exterior with stone accents; Each unit features a full kitchen open to a spacious dining area plus a pantry
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