Duplex with Fenced
New
For Sale
$189,900
4802 Rainbow Circle, Killeen, TX 76543
Each residence has laundry connections, a dedicated storage room and access to its own fenced yard.
Property Size1,550 SF
Price / SF$122.52
Days on Market1
Property Features for 4802 Rainbow Circle
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Tenant in Place
Yes
Amenities
washer/dryer connections
separate fenced-in yard
dedicated storage room
Ceiling Fan(s)
Eat-in Kitchen
Building Details
Building Size
1,550 SF
Year Built
1985
Units
2
Listing Agency:
McG Homestead Rentals & Sales
(254) 415-7480
Listed By:
Lisa-Marie McGaughey · License #0661030
(330) 414-0959
Source:
Bluebonnetrealty
Added: Nov 4
Last Checked: Nov 4 at 2:31AM
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
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Investment Insights
Based on property information with market context.
Built in 1985, this 1,550-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Laundry connections and a separate storage room serve each unit, and each has access to a fenced yard. A roof replacement was completed in 2025.
The property sits on a cul-de-sac and is tenant-occupied, with rental income currently being generated.
The property sits on a cul-de-sac and is tenant-occupied, with rental income currently being generated.
Key Highlights
- Two‑unit duplex totaling 1,550 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Separate fenced yard access and a dedicated storage room for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,397
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,940
$267.9K
Cap Rate 7%
$191,386
$191.4K
Cap Rate 9%
$148,856
$148.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$20.5K $13.20/SF
− Vacancy
−$1.3K −$0.85/SF
EGI
$19.1K $12.35/SF
− OpEx
−$5.7K −$3.70/SF
NOI
$13.4K $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%
$267,940
Cap Rate 7%
$191,386
Cap Rate 9%
$148,856
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.3K
NOI $13,397 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$177.1K
$154.9K – $206.6K
NOI $12,395 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$372.3K
$325.8K – $434.4K
NOI $26,061 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has laundry connections, a dedicated storage room and access to its own fenced yard.
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 $189,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,550 square feet; Each unit has 2 bedrooms and 1 bathroom; Separate fenced yard access and a dedicated storage room for each unit
