Brick Duplex with
For Sale
$327,000
4202 Elms Run Circle, Killeen, TX 76542
Residential, Killeen, TX
Property Size2,538 SF
Lot Size0.21 Acres
Price / SF$128.84
Days on Market185
Property Features for 4202 Elms Run Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4
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
Subdivision
Elms Run Add Ph One
Lot features
City Lot, Irregular Lot, Level, Sprinklers Automatic, Less Than Quarter Acre
Elementary school
Trimmier Elementary School
Middle school
Liberty Hill Middle School
High school
Ellison High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head southwest on I-14. Take exit 285 toward WS Young Dr. Merge onto E Central Texas Expy. Turn left onto S WS Young Drive. Turn right after Shilo Inns Killeen (on the right) onto Elms Rd. Turn left onto Elms Run Circle. Turn left to stay on Elms Run Circle. Realtor sign is in the yard.
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
Legal Description
ELMS RUN ADDITION PHASE ONE, BLOCK 003, LOT 0012
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
wooden privacy fence
built-in desk area
lighted ceiling fans
garden tub
blinds
window treatments
garage door opener
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
BrickVeneer, Frame, Masonry, Stone
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Texas Legends Realty
(254) 702-0598
Listed By:
Cher Hislop · License #0556816
(254) 654-0090
Added: Apr 2
Changed: Sep 27
Last Checked: Oct 3 at 4:06AM
MLS# 609189
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 2007, this duplex contains 2,538 square feet across two matching residences. Each side provides three bedrooms, two bathrooms, and a one-car garage, with an opposing floor plan in the second unit. Brick and stone exterior accents, privacy fencing, patios, and porches serve the property’s exterior areas.
Interior features include open kitchen and dining spaces, electric ranges, built-in microwaves, dishwashers, refrigerators, pantry storage, laminate or solid-surface counters, tile in wet areas, and carpet in the bedrooms and hallways. Additional features include ceiling fans, garden tubs, walk-in closets, built-in desk areas, blinds, and window treatments. Both units are leased, and the property has public water and public sewer service.
The duplex occupies 0.2121 acres at 4202 Elms Run Circle in Killeen, Texas. Parking includes garages and open spaces, while central electric heating and cooling serve the residences.
Interior features include open kitchen and dining spaces, electric ranges, built-in microwaves, dishwashers, refrigerators, pantry storage, laminate or solid-surface counters, tile in wet areas, and carpet in the bedrooms and hallways. Additional features include ceiling fans, garden tubs, walk-in closets, built-in desk areas, blinds, and window treatments. Both units are leased, and the property has public water and public sewer service.
The duplex occupies 0.2121 acres at 4202 Elms Run Circle in Killeen, Texas. Parking includes garages and open spaces, while central electric heating and cooling serve the residences.
Key Highlights
- Two‑unit duplex with 2,538 square feet total
- Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Both units are leased
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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer open kitchen-dining areas, private outdoor space, and current leases in place.
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: Two‑unit duplex with 2,538 square feet total; Each side includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; Both units are leased
