Two-Unit Duplex with
For Sale
$89,000
503 Wolf Street, Killeen, TX 76541
Residential, Killeen, TX
Property Size960 SF
Lot Size0.12 Acres
Price / SF$92.71
Days on Market108
Property Features for 503 Wolf Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage
Interior features
EatInKitchen, LaminateCounters, TubShower
Appliances
Refrigerator, SomeGasAppliances, Range
Subdivision
Clayton Add
Lot features
City Lot, Level, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Fort Hood to Hallmark, Hallmark to Wolf, turn Left. Duplex is on the Left.
Standard status
Active
APN
944
Size
960 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CLAYTON ADDITION, BLOCK 002, LOT 0003
Tax Annual Amount
1824
Legal Description
CLAYTON ADDITION, BLOCK 002, LOT 0003
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Frame, WoodSiding
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Serenity Now Real Estate
(910) 759-1129
Listed By:
Shay Harris · License #0704910
(910) 759-1129
Added: May 14
Changed: Aug 20
Last Checked: Aug 29 at 6:06PM
MLS# 613776
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.
This 960-square-foot duplex contains two one-bedroom, one-bath units, each arranged with an open-concept living area. Vinyl flooring extends through the living spaces, while the kitchens connect directly to the living rooms and include a range and refrigerator. Additional features include window-unit cooling, laminate counters, tub-and-shower bathrooms, frame construction with wood siding, and garage parking.
The property occupies 0.1226 acres at 503 Wolf Street in Killeen, Texas 76541. Public water and public sewer serve the property. Improvements identified as of June 2026 include electrical work, foundation repair, siding and trim repairs, and exterior paint. The duplex is offered in its current condition, and older interior photos are representations from a previous listing.
The property occupies 0.1226 acres at 503 Wolf Street in Killeen, Texas 76541. Public water and public sewer serve the property. Improvements identified as of June 2026 include electrical work, foundation repair, siding and trim repairs, and exterior paint. The duplex is offered in its current condition, and older interior photos are representations from a previous listing.
Key Highlights
- Two‑unit duplex with 1 bedroom and 1 bathroom in each unit
- 960 square feet on a 0.1226‑acre lot
- June 2026 improvements include electrical, foundation, siding and trim repairs, plus exterior paint
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
$7,677
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
8.63%
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%
$153,540
$153.5K
Cap Rate 7%
$109,671
$109.7K
Cap Rate 9%
$85,300
$85.3K
Market Conditions
NOI Build-Up for 960 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
$15.0K $15.60/SF
− Vacancy
−$1.0K −$1.06/SF
EGI
$14.0K $14.54/SF
− OpEx
−$6.3K −$6.54/SF
NOI
$7.7K $8.00/SF
Area
Killeen, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$153,540
Cap Rate 7%
$109,671
Cap Rate 9%
$85,300
Alternative Uses
Best Use
Multifamily LT 5
$118.5K
$103.7K – $138.3K
NOI $8,297 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$109.7K
$96.0K – $128.0K
NOI $7,677 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 18.14%
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
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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 one-bedroom residences offer open living areas, vinyl flooring, and kitchens equipped with ranges and refrigerators.
Where is this duplex located?
The property is located at 503 Wolf Street Killeen, TX.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Two‑unit duplex with 1 bedroom and 1 bathroom in each unit; 960 square feet on a 0.1226‑acre lot; June 2026 improvements include electrical, foundation, siding and trim repairs, plus exterior paint
