Duplex with Separate Utility
For Sale
$119,900
422 W Green Avenue, Killeen, TX 76541
MULTI_FAMILY - Other - Killeen, TX
Property Size968 SF
Lot Size0.20 Acres
Price / SF$123.86
Days on Market49
Property Features for 422 W Green Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 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
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
Composition, Shingle
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: Aug 4
Last Checked: Aug 5 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This duplex includes two 1-bedroom, 1-bath units. Each unit has its own separate utility meters. One unit is currently vacant, and the second is expected to be vacant in August, allowing the next owner to manage both units on the same timeline. The property is available in its current AS-IS condition. Interior features include laminate flooring, with an electric range, refrigerator, and range hood listed as appliances.
Built in 1957, the duplex is constructed with lap siding and a shingle/composition roof. Public water service is provided.
The property sits on a 0.2038-acre lot and contains 968 square feet of building area. The floorplan includes two bedrooms and two bathrooms total across the two units.
Built in 1957, the duplex is constructed with lap siding and a shingle/composition roof. Public water service is provided.
The property sits on a 0.2038-acre lot and contains 968 square feet of building area. The floorplan includes two bedrooms and two bathrooms total across the two units.
Key Highlights
- Two 1‑bedroom, 1‑bath units with separate utility meters
- One unit currently vacant; second unit expected vacant in August
- Available AS‑IS condition
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 | $12.8k | $13.20 |
| − Vacancy | −$825 | −$0.85 |
| EGI | $12.0k | $12.35 |
| − OpEx | −$3.6k | −$3.70 |
| NOI | $8.4k | $8.64 |
968 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$119.5K
$104.6K – $139.5K
NOI $8,367 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$110.6K
$96.8K – $129.0K
NOI $7,741 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$232.5K
$203.4K – $271.3K
NOI $16,275 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
954
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a small lot with two 1-bedroom, 1-bath units and separate utility meters, one vacant now.
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 $119,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units with separate utility meters; One unit currently vacant; second unit expected vacant in August; Available AS‑IS condition
