Duplex with Separate Utility
For Sale
$99,900
422 W Green Avenue, Killeen, TX 76541
Residential, Killeen, TX
Property Size968 SF
Lot Size0.20 Acres
Price / SF$103.20
Days on Market140
Property Features for 422 W Green Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Appliances
ElectricRange, Refrigerator, RangeHood
Subdivision
Carter
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Killeen Elementary
Middle school
Manor Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From S Fort Hood St, turn west onto W Green Ave. Pass N 2nd St and N 4th St; the property is on the left.
Standard status
Active
APN
18045
Size
968 SF
Lot size
0.20 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Description
CARTER, BLOCK 002, LOT 0005
Tax Annual Amount
2265
Legal Description
CARTER, BLOCK 002, LOT 0005
Utilities
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
LapSiding
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
The Agents Premiere Realty Grp
(254) 218-4177
Listed By:
Julissa Ortiz · License #0826434
(512) 489-7479
Added: Jun 18
Changed: Nov 2
Last Checked: Nov 4 at 9:06AM
MLS# 617040
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.
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Investment Insights
Based on property information with market context.
This 1957 duplex contains two 1-bedroom, 1-bathroom units within 968 square feet. The property sits on a 0.2038-acre lot and is offered as-is; both units are vacant. A foundation repair estimate is available, and the building has laminate flooring, lap siding, and a composition shingle roof.
At 422 W Green Avenue in Killeen, the property is less than five minutes from Fort Hood. Public water serves the site.
At 422 W Green Avenue in Killeen, the property is less than five minutes from Fort Hood. Public water serves the site.
Key Highlights
- Two units, each configured with 1 bedroom and 1 bathroom
- 968 square feet of building area on a 0.2038‑acre lot
- Separate utility meters for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,367
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,340
$167.3K
Cap Rate 7%
$119,529
$119.5K
Cap Rate 9%
$92,967
$93.0K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$12.8K $13.20/SF
− Vacancy
−$825 −$0.85/SF
EGI
$12.0K $12.35/SF
− OpEx
−$3.6K −$3.70/SF
NOI
$8.4K $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 Rate 5%
$167,340
Cap Rate 7%
$119,529
Cap Rate 9%
$92,967
Alternative Uses
Best Use
Multifamily LT 5
$119.5K
$104.6K – $139.5K
NOI $8,367 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$110.6K
$96.8K – $129.0K
NOI $7,741 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$232.5K
$203.4K – $271.3K
NOI $16,275 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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 - Both residences are vacant, with individual utility meters for each unit.
Where is this duplex located?
The property is located at 422 W Green Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Two units, each configured with 1 bedroom and 1 bathroom; 968 square feet of building area on a 0.2038‑acre lot; Separate utility meters for the two residences
