Killeen Duplex Investment
4509 Passion Flower Loop, Killeen, TX 76549
COMMERCIAL - Killeen, TX
Property size:
51,964 SFLot size:
0.18 AcresPrice / SF:
$144/SF- Added:
- Feb 11, 2025
- Days on Market:
- 477
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 4509 Passion Flower Loop
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- APN
- 438024
- Size
- 51,964 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SUNFLOWER ESTATES PHASE SIX, BLOCK 002, LOT 0005
- Tax Annual Amount
- 6593
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 1
- Flooring type
- Paintedstained, Concrete
- Building materials
- Brick
Listing agent Michael Schwartz License #0680027 (256) 425-1792
Listing office All City Real Estate Ltd. Co PO Box 170524, TX (866) 277-6005
Listing date Feb 11, 2025
MLS# 569312
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.
HighLights
- Prime location: Less than 1/2 mile from Ft. Cavazos (Clear Creek gate), the closest non‑government housing, ideal for military renters.
- High occupancy: Proven rental history with less than 4% vacancy rate over 10 years.
- 20‑unit duplex package (40 doors) offers a significant investment opportunity.
- Low maintenance: Built 2013‑2018, in great shape, requiring little maintenance.
- Upscale features: Granite countertops, stained and scored concrete floors, and computer desk area.
- Each unit includes: 3 bedrooms, 2 full baths, one‑car garage, driveway parking, fenced yard, and sprinkler system.
Overview
This is a 20-unit (40 doors) duplex package located in Killeen, TX, near the Ft. Cavazos area. The properties are co-located in the same neighborhood, less than 1/2 mile outside the Clear Creek gate of Ft. Cavazos. The location provides access to the military post and is suitable for rentals. All duplexes are within 1/4 mile of each other. Constructed between 2013 and 2018, the duplexes are in good condition. The exteriors feature a combination of stone and brick, along with a one-car garage and two additional driveway parking spots. Each unit includes a fence and a built-in sprinkler system. The units have 3 bedrooms and 2 full baths. Interior features include granite countertops in the kitchen and bathrooms, and stained and scored concrete floors. An additional computer desk area is located off the kitchen. With over 10 years of rental history, the properties have a vacancy rate of less than 4%. The owner is selling this investment package on a 6% Capitalization Rate.
Local Financial Insights For Apartment 5plus
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 | $810.6k | $15.60 |
| − Vacancy | −$55.1k | −$1.06 |
| EGI | $755.5k | $14.54 |
| − OpEx | −$340.0k | −$6.54 |
| NOI | $415.5k | $8.00 |
51,964 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.94M
$5.19M – $6.93M
NOI $415,533 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.48M
$10.92M – $14.56M
NOI $873,694 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.773
- Latitude
- 31.0957
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 20-unit duplex package near Ft. Cavazos with low vacancy rate.
Where is this apartment building located?
The property is located at 4509 Passion Flower Loop Killeen, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Prime location: Less than 1/2 mile from Ft. Cavazos (Clear Creek gate), the closest non‑government housing, ideal for military renters.; High occupancy: Proven rental history with less than 4% vacancy rate over 10 years.; 20‑unit duplex package (40 doors) offers a significant investment opportunity.
