Duplex with Private
For Sale
Under Contract
$349,000
6104 Rocky Rose Road, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,622 SF
Lot Size0.18 Acres
Price / SF$133.10
Days on Market458
Property Features for 6104 Rocky Rose Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Interior features
CeilingFans, DoubleVanity, TubShower, BreakfastBar, KitchenDiningCombo, SolidSurfaceCounters
Appliances
ConvectionOven, Dishwasher, Disposal, MultipleWaterHeaters, Cooktop
Subdivision
REYNOLDS CROSSING
Lot features
Less Than Quarter Acre
Elementary school
Hay Branch Elementary School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Rancier (FM 439), Turn onto Prairie Clover Road and make a Right on Rocky Rose
Standard status
Active Under Contract
APN
528930
Size
2,622 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REYNOLDS CROSSING PHASE 1, BLOCK 003, LOT 0004
HOA Fee
$240 Annually
Legal Description
REYNOLDS CROSSING PHASE 1, BLOCK 003, LOT 0004
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
HardiplankType, SyntheticStucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
All City Real Estate
(866) 277-6005
Listed By:
Lorie L. Renegar · License #0664817
(254) 350-9396
Added: May 28, 2025
Changed: Aug 24
Last Checked: Aug 28 at 11:06AM
MLS# 579225
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 contains two residential units within 2,622 square feet on a 0.18-acre lot. Each side is configured with three bedrooms, two full bathrooms, an open-concept living area, a contemporary kitchen, and a private entrance. Stained concrete flooring extends throughout both units, providing a durable, low-maintenance interior finish.
Interior features include breakfast bars, kitchen-dining combinations, solid-surface counters, ceiling fans, double vanities, and tub-shower combinations. Appliances include cooktops, convection ovens, dishwashers, and disposals, with multiple water heaters serving the property. Hardiplank-type and synthetic stucco materials, along with shingle and composition roofing, complete the construction profile. The property is served by public water and public sewer.
Interior features include breakfast bars, kitchen-dining combinations, solid-surface counters, ceiling fans, double vanities, and tub-shower combinations. Appliances include cooktops, convection ovens, dishwashers, and disposals, with multiple water heaters serving the property. Hardiplank-type and synthetic stucco materials, along with shingle and composition roofing, complete the construction profile. The property is served by public water and public sewer.
Key Highlights
- Two‑unit duplex totaling 2,622 square feet
- Each unit includes 3 bedrooms and 2 full bathrooms
- 0.18‑acre lot
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
$22,662
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
6.49%
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%
$453,240
$453.2K
Cap Rate 7%
$323,743
$323.7K
Cap Rate 9%
$251,800
$251.8K
Market Conditions
NOI Build-Up for 2,622 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
$34.6K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.4K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.7K $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%
$453,240
Cap Rate 7%
$323,743
Cap Rate 9%
$251,800
Alternative Uses
Best Use
Multifamily LT 5
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$299.5K
$262.1K – $349.5K
NOI $20,967 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$629.8K
$551.1K – $734.8K
NOI $44,085 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
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 residential units offer three bedrooms, two full bathrooms, and open-concept living areas each.
Where is this duplex located?
The property is located at 6104 Rocky Rose Road Killeen, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,622 square feet; Each unit includes 3 bedrooms and 2 full bathrooms; 0.18‑acre lot
