Fully Occupied Duplex
For Sale
$189,000
506 West Green Avenue, Killeen, TX 76541
Fully occupied duplex with four identical 2-bedroom, 1-bath units, vinyl plank flooring, private backyards, and separately metered utilities.
Property Size1,656 SF
Price / SF$114.13
Days on Market333
Property Features for 506 West Green Avenue
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1998
Listing Agency:
Q.Co
(469) 583-8888
Listed By:
Sinlo Lok · License #0598291
(469) 583-8888
Source:
Compass
Added: Sep 1, 2025
Changed: Jul 22
Last Checked: Jul 29 at 2:32PM
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 Q.Co
Investment Insights
Based on property information with market context.
This for-sale duplex is fully occupied and configured with four identical units, each offering 2 bedrooms and 1 bathroom. The units include a kitchen that opens to the living and dining areas, with vinyl plank flooring throughout. Each unit also has its own private backyard, and the property provides assigned parking spaces at the front. Tenant utility costs are managed through separate utility meters for each unit.
Located at 506 West Green Avenue in Killeen, Texas, the property is described as being approximately 10 miles from Fort Cavazos (Fort Hood). The public remarks also note easy access to Metroplex Hospital, as well as schools and shopping.
Current reported rents are $950 per month for Unit A (lease expiration March 2026) and $925 per month for Unit B (lease expiration July 2026). Buyer and buyer’s agent are advised to verify all information, including measurements and any other details not confirmed in the remarks.
Located at 506 West Green Avenue in Killeen, Texas, the property is described as being approximately 10 miles from Fort Cavazos (Fort Hood). The public remarks also note easy access to Metroplex Hospital, as well as schools and shopping.
Current reported rents are $950 per month for Unit A (lease expiration March 2026) and $925 per month for Unit B (lease expiration July 2026). Buyer and buyer’s agent are advised to verify all information, including measurements and any other details not confirmed in the remarks.
Key Highlights
- Duplex built in 1998 with 2 units (Unit A and Unit B) and separate leases
- Unit A rents for $950/month (lease expiration March 2026) and Unit B rents for $925/month (lease expiration July 2026)
- Utilities are separately metered and paid by the tenants
Financial Insights For Multifamily LT 5
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 | $21.9k | $13.20 |
| − Vacancy | −$1.4k | −$0.85 |
| EGI | $20.4k | $12.35 |
| − OpEx | −$6.1k | −$3.70 |
| NOI | $14.3k | $8.64 |
1,656 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.5K
$178.9K – $238.6K
NOI $14,313 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$189.2K
$165.5K – $220.7K
NOI $13,242 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$397.8K
$348.0K – $464.1K
NOI $27,843 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
954
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with four identical 2-bedroom, 1-bath units, vinyl plank flooring, private backyards, and separately metered utilities.
Where is this duplex located?
The property is located at 506 West Green Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Duplex built in 1998 with 2 units (Unit A and Unit B) and separate leases; Unit A rents for $950/month (lease expiration March 2026) and Unit B rents for $925/month (lease expiration July 2026); Utilities are separately metered and paid by the tenants
