For Sale
$119,900
504 Rhode Island St, Killeen, TX 76541
One side is occupied by a tenant, while the other requires some work.
Property Size880 SF
Price / SF$136.25
Days on Market13
Property Features for 504 Rhode Island St
General Information
Standard status
Active
Size
880 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Listing Agency:
Morris Real Estate
Listed By:
Amy Millsap (254) 634-8852 · License #0424348
(254) 289-3686
Source:
Homeguidecentraltexas
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 12 at 7:49PM
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 Morris Real Estate
Investment Insights
Based on property information with market context.
This duplex dates to 1977 and has two sides with different occupancy and condition profiles. One side is currently rented; the other needs attention.
The property is near Fort Hood’s East Gate in Killeen, Texas.
The property is near Fort Hood’s East Gate in Killeen, Texas.
Key Highlights
- Built in 1977
- One side is rented
- The other side needs work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,606
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,120
$152.1K
Cap Rate 7%
$108,657
$108.7K
Cap Rate 9%
$84,511
$84.5K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$11.6K $13.20/SF
− Vacancy
−$750 −$0.85/SF
EGI
$10.9K $12.35/SF
− OpEx
−$3.3K −$3.70/SF
NOI
$7.6K $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%
$152,120
Cap Rate 7%
$108,657
Cap Rate 9%
$84,511
Alternative Uses
Best Use
Multifamily LT 5
$108.7K
$95.1K – $126.8K
NOI $7,606 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$100.5K
$88.0K – $117.3K
NOI $7,037 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$211.4K
$185.0K – $246.6K
NOI $14,796 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
762
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - One side is occupied by a tenant, while the other requires some work.
Where is this duplex located?
The property is located at 504 Rhode Island St Killeen, TX.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Built in 1977; One side is rented; The other side needs work
