Duplex with Rental
New
For Sale
$119,900
504 Rhode Island Street, Killeen, TX 76541
Residential, Killeen, TX
Property Size880 SF
Lot Size0.07 Acres
Price / SF$136.25
Days on Market5
Property Features for 504 Rhode Island Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
EatInKitchen
Appliances
ElectricCooktop
Subdivision
Camp Add
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
North on Fort Hood Rd. right on York, right on Rhode Island
Standard status
Active
APN
105127
Size
880 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
CAMP ADDITION, BLOCK 007, LOT 0011
Tax Annual Amount
1489
Legal Description
CAMP ADDITION, BLOCK 007, LOT 0011
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Laminate
Building materials
Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Morris Real Estate
(254) 634-8852
Listed By:
Amy Millsap · License #0424348
(254) 289-3686
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 8:06PM
MLS# 626875
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 880-square-foot duplex was built in 1977 on a 0.0672-acre lot. The frame structure has a metal roof, laminate flooring, an eat-in kitchen, and an electric cooktop. Window units provide cooling, and the property is served by public water and public sewer.
One side is currently rented; the other requires some work. The property is near Fort Hood’s East Gate in Killeen, Texas.
One side is currently rented; the other requires some work. The property is near Fort Hood’s East Gate in Killeen, Texas.
Key Highlights
- 880‑square‑foot duplex on a 0.0672‑acre lot
- One side is rented; the other needs some improvement
- Built in 1977 with frame construction and a metal roof
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is tenant-occupied, while the second needs improvement.
Where is this duplex located?
The property is located at 504 Rhode Island Street 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: 880‑square‑foot duplex on a 0.0672‑acre lot; One side is rented; the other needs some improvement; Built in 1977 with frame construction and a metal roof
