Building Details

Year Built 2001

Buildings 1

Stories 1

Construction brick

Listing Agency: Home Network Realty

Listed By: Stephen Owofade · License #0544504 Show Phone

Source: Compass

Added: May 16 Changed: Oct 11 Last Checked: Oct 12 at 10:21PM

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Investment Insights

Based on property information with market context.

Built in 2001, this duplex has two available units, each described as a 3/2/1 configuration. Interior details include 10-foot ceilings, tile flooring throughout, and kitchens with pantries, built-in microwaves, refrigerators, and dishwashers. Bathrooms feature ceramic tile surrounds, upgraded lighting and plumbing fixtures, and double vanities. The interiors have also been freshly painted.

The exterior combines brick construction with wood privacy fencing. Covered porch space and a side patio provide additional outdoor areas for each property’s occupants.

Key Highlights

• Both sides of the duplex are available
• Each side is described as a 3/2/1 configuration
• 10‑foot ceilings and tile flooring throughout

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 (±1% cap)

NOI $20,743 @ 7.0% cap · market cap 6.91%

Second Best

Apartment 5plus

$274.2K

$239.9K – $319.9K (±1% cap)

NOI $19,192 @ 7.0% cap · market cap 6.40%

Theoretical Best

Office A

$576.5K

$504.4K – $672.5K (±1% cap)

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

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Electrical Service Building Supply HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

381

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both units are available, with each side described as a 3/2/1 configuration.

Where is this duplex located?

The property is located at 4502 July Drive Unit 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: Both sides of the duplex are available; Each side is described as a 3/2/1 configuration; 10‑foot ceilings and tile flooring throughout