Duplex with Exterior
For Sale
$89,000
503 Wolf Street, Killeen, TX 76541
MULTI_FAMILY - Other - Killeen, TX
Property Size960 SF
Lot Size0.12 Acres
Price / SF$92.71
Days on Market78
Property Features for 503 Wolf Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
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: Jul 18
Last Checked: Jul 30 at 2:06PM
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 duplex includes two separate 1-bedroom, 1-bath units, each with an open-concept layout. Vinyl flooring runs through the living areas of both units. In each unit, the kitchen opens to the living space and includes a range and refrigerator. The property is being sold “as-is.”
Per the seller, as of June 2026, electrical updates and exterior improvements have been completed, including foundation repair, siding and trim repair, and exterior paint. The total building size is listed at 960 square feet on a 0.1226-acre lot.
The configuration can suit buyers seeking a small residential income property or an owner-occupant who wants rental income from a second unit. Both units are designed with a living-and-kitchen flow that may simplify leasing and day-to-day management. Interior photos referenced in the listing are described as older representations from a previous listing, so prospective buyers may want to verify current interior condition during due diligence. The property is located in Killeen, Texas (Bell County).
Per the seller, as of June 2026, electrical updates and exterior improvements have been completed, including foundation repair, siding and trim repair, and exterior paint. The total building size is listed at 960 square feet on a 0.1226-acre lot.
The configuration can suit buyers seeking a small residential income property or an owner-occupant who wants rental income from a second unit. Both units are designed with a living-and-kitchen flow that may simplify leasing and day-to-day management. Interior photos referenced in the listing are described as older representations from a previous listing, so prospective buyers may want to verify current interior condition during due diligence. The property is located in Killeen, Texas (Bell County).
Key Highlights
- 1958‑built duplex with 2 units, each offering 1 bedroom and 1 bathroom
- Open‑concept layout in each unit with kitchen opening to living area
- Vinyl flooring throughout the living areas of both units
Financial Insights For Apartment 5plus
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 | $15.0k | $15.60 |
| − Vacancy | −$1.0k | −$1.06 |
| EGI | $14.0k | $14.54 |
| − OpEx | −$6.3k | −$6.54 |
| NOI | $7.7k | $8.00 |
960 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%
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 1-bedroom, 1-bath units with vinyl flooring and updated exterior repairs, sold as-is.
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: 1958‑built duplex with 2 units, each offering 1 bedroom and 1 bathroom; Open‑concept layout in each unit with kitchen opening to living area; Vinyl flooring throughout the living areas of both units
