Income-Producing
For Sale
$219,000
4802 Rainbow Circle, Killeen, TX 76543
Well-maintained duplex offers two 2-bedroom, 1-bath units with washer/dryer connections and fenced yard access.
Property Size1,550 SF
Price / SF$141.29
Days on Market209
Property Features for 4802 Rainbow Circle
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
washer/dryer connections
storage room
fenced-in yard
Building Details
Year Built
1985
Listing Agency:
McG Homestead Rentals & Sales
(254) 415-7480
Listed By:
Lisa-Marie McGaughey · License #0661030
(254) 415-7480
Source:
Xome
Added: Jan 2
Changed: Jul 23
Last Checked: Jul 30 at 2:39AM
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 McG Homestead Rentals & Sales
Investment Insights
Based on property information with market context.
This well-maintained duplex for sale includes two separate units. Each unit features two bedrooms and one bathroom, along with washer/dryer connections. Residents also have access to a separate fenced-in yard and a dedicated storage room for added convenience.
The property is situated on a cul-de-sac. A brand-new roof was installed in 2025, and the duplex is currently tenant-occupied, providing immediate rental income.
The layout supports two independently functioning residences within a single property, making it a straightforward residential income setup.
The property is situated on a cul-de-sac. A brand-new roof was installed in 2025, and the duplex is currently tenant-occupied, providing immediate rental income.
The layout supports two independently functioning residences within a single property, making it a straightforward residential income setup.
Key Highlights
- Duplex built in 1985 offering two units, each with 2 bedrooms and 1 bathroom
- Brand new roof installed in 2025
- Each unit includes washer/dryer connections and appliances including range, dishwasher, oven, and refrigerator
Financial Insights For Multifamily LT 5
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 | $20.5k | $13.20 |
| − Vacancy | −$1.3k | −$0.85 |
| EGI | $19.1k | $12.35 |
| − OpEx | −$5.7k | −$3.70 |
| NOI | $13.4k | $8.64 |
1,550 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.3K
NOI $13,397 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$177.1K
$154.9K – $206.6K
NOI $12,395 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$372.3K
$325.8K – $434.4K
NOI $26,061 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex offers two 2-bedroom, 1-bath units with washer/dryer connections and fenced yard access.
Where is this duplex located?
The property is located at 4802 Rainbow Circle Killeen, TX.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Duplex built in 1985 offering two units, each with 2 bedrooms and 1 bathroom; Brand new roof installed in 2025; Each unit includes washer/dryer connections and appliances including range, dishwasher, oven, and refrigerator
