Duplex with Covered
New
For Sale
$299,999
4502 July Drive #A & B, Killeen, TX 76549
Each residence includes a kitchen pantry, built-in microwave, refrigerator, and tile flooring throughout.
Property Size2,400 SF
Price / SF$124
Days on Market7
Property Features for 4502 July Drive #A & B
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
privacy fencing
covered front porch
side patio
Ceiling Fan(s)
Double Vanity
Jetted Tub
Primary Downstairs
Main Level Primary
Walk-In Closet(s)
Pantry
Walk-In Pantry
Covered Patio
Porch
Building Details
Building Size
2,400 SF
Year Built
2001
Units
2
Construction
brick
Listing Agency:
Home Network Realty
(254) 449-7500
Listed By:
Stephen Owofade · License #0544504
(254) 415-0137
Source:
Bluebonnetrealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:33AM
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 Home Network Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2001, this duplex has two residences with 10-foot ceilings and tile flooring throughout. The kitchens include built-in microwaves, refrigerators, and pantries, while both bathrooms feature ceramic tile surrounds and upgraded lighting and plumbing fixtures. Recent interior painting is also noted.
The exterior is brick, with privacy fencing, a covered front porch, and a side patio. The property is located on July Drive in Killeen, Texas.
The exterior is brick, with privacy fencing, a covered front porch, and a side patio. The property is located on July Drive in Killeen, Texas.
Key Highlights
- Two residences in one duplex property
- 10‑foot ceilings
- Tile flooring throughout both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,743
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,860
$414.9K
Cap Rate 7%
$296,329
$296.3K
Cap Rate 9%
$230,478
$230.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$31.7K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.6K $12.35/SF
− OpEx
−$8.9K −$3.70/SF
NOI
$20.7K $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%
$414,860
Cap Rate 7%
$296,329
Cap Rate 9%
$230,478
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.3K – $345.7K
NOI $20,743 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a kitchen pantry, built-in microwave, refrigerator, and tile flooring throughout.
Where is this duplex located?
The property is located at 4502 July Drive #A & B Killeen, TX.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two residences in one duplex property; 10‑foot ceilings; Tile flooring throughout both residences
