Brick Duplex with Attached
For Sale
Under Contract
$261,500
5008 John David Drive, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,392 SF
Lot Size0.21 Acres
Price / SF$109.32
Days on Market64
Property Features for 5008 John David Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5
Interior features
CeilingFans, PullDownAtticStairs, WalkInClosets, KitchenDiningCombo
Appliances
ElectricRange, MultipleWaterHeaters, SomeElectricAppliances, Microwave, Range
Subdivision
Clear Creek Estates Ph I
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Iduma Elementary School
Middle school
Live Oak Ridge Middle School
High school
Shoemaker High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Stan Schlueter Loop turn on Barrington Trail, then right on John David. Building is on the corner of Barrington and John David.
Special listing conditions
In Foreclosure
Standard status
Active Under Contract
APN
230971
Size
2,392 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
CLEAR CREEK ESTATES PHASE I, BLOCK 022, LOT 0001
Tax Annual Amount
5970
Legal Description
CLEAR CREEK ESTATES PHASE I, BLOCK 022, LOT 0001
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
laundry closet
covered porch
fenced backyard
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, Masonry
Roof type
Composition, Shingle
Architectural style
Ranch
Listing Agency:
Longhorn Properties
(254) 526-0382
Listed By:
Lennox Alfred · License #0444634
(254) 535-5382
Added: Jun 26
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 618040
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.
Built in 2001, this 2,392-square-foot duplex contains two residential units, each with three bedrooms, two bathrooms, a living room connected to the dining and kitchen areas, and a laundry closet. Each unit also includes an attached one-car garage, covered porch, and separate wood privacy-fenced backyard.
The property occupies a 0.2143-acre corner lot. Brick and masonry construction, tile flooring, composition shingle roofing, central electric heating and cooling, ceiling fans, walk-in closets, pull-down attic stairs, public water, and public sewer are included. Kitchens are equipped with electric ranges and microwaves, with multiple water heaters serving the property.
The property occupies a 0.2143-acre corner lot. Brick and masonry construction, tile flooring, composition shingle roofing, central electric heating and cooling, ceiling fans, walk-in closets, pull-down attic stairs, public water, and public sewer are included. Kitchens are equipped with electric ranges and microwaves, with multiple water heaters serving the property.
Key Highlights
- Two‑unit duplex with 2,392 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- Attached 1‑car garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,480
$413.5K
Cap Rate 7%
$295,343
$295.3K
Cap Rate 9%
$229,711
$229.7K
Market Conditions
NOI Build-Up for 2,392 SF
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.
Gross rent
$31.6K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.5K $12.35/SF
− OpEx
−$8.9K −$3.70/SF
NOI
$20.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,480
Cap Rate 7%
$295,343
Cap Rate 9%
$229,711
Alternative Uses
Best Use
Multifamily LT 5
$295.3K
$258.4K – $344.6K
NOI $20,674 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,128 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$574.5K
$502.7K – $670.3K
NOI $40,218 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
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
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 - Two units offer open kitchen-dining areas, laundry closets, covered porches, and private wood-fenced backyards.
Where is this duplex located?
The property is located at 5008 John David Drive Killeen, TX.
What is the asking price?
The asking price for this property is $261,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,392 square feet; Each unit includes 3 bedrooms and 2 bathrooms; Attached 1‑car garage provided for each unit
