Two-Home Duplex
For Sale
$159,900
604 Wisconsin Street, Killeen, TX 76541
Residential, Killeen, TX
Property Size1,278 SF
Lot Size0.12 Acres
Price / SF$125.12
Days on Market178
Property Features for 604 Wisconsin Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Interior features
Vanity, EatInKitchen
Appliances
ElectricRange, ElectricWaterHeater, MultipleWaterHeaters, Refrigerator, WaterHeater, 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
From I-14: Take Exit 292A/US-190 Bus north ? right on W Ave D ? left on S 6th St ? right on Wisconsin St. 604 Wisconsin St on left.
Standard status
Active
APN
114478
Size
1,278 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SPOFFORD, BLOCK 00A, LOT PT 7, (W 50' X 120' OF 7)
Tax Annual Amount
2607
Legal Description
SPOFFORD, BLOCK 00A, LOT PT 7, (W 50' X 120' OF 7)
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1928
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, HardiplankType, Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Central Texas H.O.M.E.
(254) 423-1677
Listed By:
Marilyn Metzger · License #0763721
(254) 291-0200
Added: Mar 4
Changed: Aug 28
Last Checked: Aug 29 at 6:06PM
MLS# 606043
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 property includes two homes occupying a 0.1191-acre parcel in Killeen. The property contains 1,278 square feet, with room inventory listing three bedrooms and two bathrooms. Construction materials include block, Hardiplank, and stucco, while vinyl flooring and window-unit cooling are noted throughout the improvements.
Built in 1928, the property is served by public water and has composition shingle roofing. Interior details include vanities and eat-in kitchens, with electric ranges, refrigerators, and multiple water heaters among the listed appliances. The parcel is located at 604 Wisconsin Street, Killeen, Texas 76541, and the two homes must be transferred together.
Built in 1928, the property is served by public water and has composition shingle roofing. Interior details include vanities and eat-in kitchens, with electric ranges, refrigerators, and multiple water heaters among the listed appliances. The parcel is located at 604 Wisconsin Street, Killeen, Texas 76541, and the two homes must be transferred together.
Key Highlights
- Two homes occupy one 0.1191‑acre parcel
- 1,278 square feet of property size
- Cannot be subdivided or sold separately
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
$11,046
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
6.91%
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%
$220,920
$220.9K
Cap Rate 7%
$157,800
$157.8K
Cap Rate 9%
$122,733
$122.7K
Market Conditions
NOI Build-Up for 1,278 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
$16.9K $13.20/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$15.8K $12.35/SF
− OpEx
−$4.7K −$3.70/SF
NOI
$11.0K $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 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%
$220,920
Cap Rate 7%
$157,800
Cap Rate 9%
$122,733
Alternative Uses
Best Use
Multifamily LT 5
$157.8K
$138.1K – $184.1K
NOI $11,046 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$146.0K
$127.8K – $170.3K
NOI $10,220 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$307.0K
$268.6K – $358.1K
NOI $21,488 @ 7.0% cap · market cap 13.44%
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
1,255
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 dwellings share one parcel and cannot be subdivided or conveyed separately.
Where is this duplex located?
The property is located at 604 Wisconsin Street Killeen, TX.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two homes occupy one 0.1191‑acre parcel; 1,278 square feet of property size; Cannot be subdivided or sold separately
