4802 Rainbow Circle Killeen, TX 76543
MULTI_FAMILY - Ranch - Killeen, TX
- Added:
- Feb 2, 2026
- Days on Market:
- 162
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 4802 Rainbow Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
- Interior features
- CeilingFans, EatInKitchen
- Appliances
- Dishwasher, Oven, Refrigerator, Range
- Standard status
- Active
- APN
- 72892
- Size
- 1,550 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- EVENING HOLLOW 3RD EXTENSION, BLOCK 012, LOT 0008
- Tax Annual Amount
- 3079
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick, WoodSiding
- Roof type
- Composition, Shingle
- Architectural style
- Ranch
Listing agent Lisa-Marie McGaughey License #0661030 (330) 414-0959
Listing office McG Homestead Rentals & Sales 1000 Bluebird Drive St 4, TX (254) 415-7480
Listing date Feb 2, 2026
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.
Investment Insights
Based on property information with market context.
The home is located on a cul-de-sac at 4802 Rainbow Circle in Killeen, Texas (Bell County). The current setup provides a contained residential setting, with the fenced-yard plan giving each unit its own outdoor area.
For buyers or investors, this is a straightforward income-producing duplex with tenant occupancy noted in the remarks and rental income already in place. Tenant-ready features such as in-unit laundry hookups, dedicated storage, and private fenced yards can help reduce friction for incoming residents while maintaining a practical, livable layout for the existing units. The 2025 roof adds a durable capital improvement that supports ongoing property maintenance planning.
Key Highlights
- Income‑producing duplex with 2 units, each with 2 bedrooms and 1 bathroom
- New roof installed in 2025
- Each unit includes washer/dryer connections and a dedicated storage room
Local 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 |
