4604 Pennington Avenue #2, Killeen, TX 76549
For Sale
$299,000
Built in 2003, this duplex is near Fort Hood and shopping.
Property Size2,258 SF
Price / SF$132.42
Days on Market295
Property Features for 4604 Pennington Avenue #2
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
Ceiling Fan(s)
Double Vanity
Pull Down Attic Stairs
Walk-In Closet(s)
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Rancier Realty
(254) 526-4093
Listed By:
B Latham · License TX #0532409
(254) 449-2110
Source:
Herbstrealestate
Added: Jan 23
Changed: Nov 10
Last Checked: Nov 13 at 11:59AM
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 Rancier 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.
This duplex was built in 2003 and is located near Fort Hood and shopping in Killeen, Texas.
Key Highlights
- Duplex property built in 2003
- Located near Fort Hood
- Shopping is nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,516
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,320
$390.3K
Cap Rate 7%
$278,800
$278.8K
Cap Rate 9%
$216,844
$216.8K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$29.8K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.9K $12.35/SF
− OpEx
−$8.4K −$3.70/SF
NOI
$19.5K $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%
$390,320
Cap Rate 7%
$278,800
Cap Rate 9%
$216,844
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$244.0K – $325.3K
NOI $19,516 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$257.9K
$225.7K – $300.9K
NOI $18,056 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,965 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
396
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
$202,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Killeen, TX
Properties on Market for Duplexes in Killeen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003, this duplex is near Fort Hood and shopping.
Where is this duplex located?
The property is located at 4604 Pennington Avenue #2 Killeen, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex property built in 2003; Located near Fort Hood; Shopping is nearby
