Duplex Residential Income
For Sale
$135,000
526 W Avenue C, Killeen, TX 76541
Residential, Killeen, TX
Property Size1,508 SF
Lot Size0.10 Acres
Price / SF$89.52
Days on Market65
Property Features for 526 W Avenue C
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
SeparateShower, BedroomOnMainLevel, GraniteCounters
Fireplace
1
Appliances
Dryer, Washer, SomeElectricAppliances
Subdivision
Spofford
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Closest major RD is W Veterans Memorial BLVD
Standard status
Active
APN
78554
Size
1,508 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SPOFFORD, BLOCK 00D, LOT PT 6, (84' X 50')
Tax Annual Amount
2678
Legal Description
SPOFFORD, BLOCK 00D, LOT PT 6, (84' X 50')
Utilities
Sewer type
Public Sewer
Heating system
Space Heater
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2013
Floors in Building
1
Number of units
1
Flooring type
Wood, Carpet, Vinyl, Concrete
Building materials
HardiplankType
Roof type
Metal
Architectural style
Other
Listing Agency:
Keller Williams Realty
(512) 868-1771
Listed By:
Caitlin Ragoonanan · License #0842794
(404) 457-8453
Added: Jun 25
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 617862
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 residential income property for sale includes a total building area of 1,508 square feet. The property sits on a 0.0985-acre lot.
Located at 526 W Avenue C in Killeen, Texas 76541, this offering is in Bell County. Please refer to the listing details for additional information on the property’s configuration and any updates.
Located at 526 W Avenue C in Killeen, Texas 76541, this offering is in Bell County. Please refer to the listing details for additional information on the property’s configuration and any updates.
Key Highlights
- Built in 2013 with Hardiplank siding and a metal roof
- Heating includes space heater; cooling provided by window unit(s)
- Interior features include granite counters, separate shower, and bedroom on the main level
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
$12,059
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
8.93%
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%
$241,180
$241.2K
Cap Rate 7%
$172,271
$172.3K
Cap Rate 9%
$133,989
$134.0K
Market Conditions
NOI Build-Up for 1,508 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
$23.5K $15.60/SF
− Vacancy
−$1.6K −$1.06/SF
EGI
$21.9K $14.54/SF
− OpEx
−$9.9K −$6.54/SF
NOI
$12.1K $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%
$241,180
Cap Rate 7%
$172,271
Cap Rate 9%
$133,989
Alternative Uses
Best Use
Multifamily LT 5
$186.2K
$162.9K – $217.2K
NOI $13,034 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$172.3K
$150.7K – $201.0K
NOI $12,059 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$362.2K
$316.9K – $422.6K
NOI $25,355 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,693
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 - Duplex income property for sale in Killeen, Texas, totaling 1,508 square feet on a 0.0985-acre lot.
Where is this duplex located?
The property is located at 526 W Avenue C Killeen, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Built in 2013 with Hardiplank siding and a metal roof; Heating includes space heater; cooling provided by window unit(s); Interior features include granite counters, separate shower, and bedroom on the main level
