Brick Duplex With Private
For Sale
$274,900
4604 Bowles Dr, Killeen, TX 76549
Fully occupied two-unit property with spacious residences, in-unit storage, and convenient access to schools, dining, and shopping.
Property Size2,450 SF
Price / SF$112.20
Days on Market50
Property Features for 4604 Bowles Dr
General Information
Standard status
Active
Size
2,450 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
step-up ceiling
tile backsplash
indoor utility room
ceiling fans
walk-in closet
vaulted ceiling
garden tub
gutters
Building Details
Year Built
2000
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Shaw Properties
Listed By:
Andrea Shaw (254) 690-8484 · License #0429881
(254) 681-5572
Source:
Allcentraltxhomesforsale
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 4 at 2:45PM
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 Shaw Properties
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Investment Insights
Based on property information with market context.
Built in 2000, this 2,450-square-foot duplex at 4604 Bowles Dr in Killeen features two three-bedroom, two-bath residences. The four-sided brick exterior is complemented by private garages, gutters, and substantial storage within each unit. Both layouts include generous living rooms with step-up ceilings, tiled dining areas, kitchens with refrigerators and tile backsplashes, and indoor utility rooms.
Each residence also offers ceiling fans in the secondary bedrooms, with walk-in closets available in select bedrooms and the primary suite. The primary bedroom includes a vaulted ceiling, walk-in closet, ceiling fan, and garden tub. The property is fully occupied and located near Willow Springs Elementary, Fort Hood, restaurants, and shopping.
Each residence also offers ceiling fans in the secondary bedrooms, with walk-in closets available in select bedrooms and the primary suite. The primary bedroom includes a vaulted ceiling, walk-in closet, ceiling fan, and garden tub. The property is fully occupied and located near Willow Springs Elementary, Fort Hood, restaurants, and shopping.
Key Highlights
- 2,450‑square‑foot duplex built in 2000
- Two units, each with 3 bedrooms and 2 full baths
- Four‑sided brick construction with private garages and gutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,176
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,520
$423.5K
Cap Rate 7%
$302,514
$302.5K
Cap Rate 9%
$235,289
$235.3K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$32.3K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.3K $12.35/SF
− OpEx
−$9.1K −$3.70/SF
NOI
$21.2K $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%
$423,520
Cap Rate 7%
$302,514
Cap Rate 9%
$235,289
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,193 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with spacious residences, in-unit storage, and convenient access to schools, dining, and shopping.
Where is this duplex located?
The property is located at 4604 Bowles Dr Killeen, TX.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 2,450‑square‑foot duplex built in 2000; Two units, each with 3 bedrooms and 2 full baths; Four‑sided brick construction with private garages and gutters
