Modern Two-Unit
For Sale
$425,000
6404 Rocky Rose Road, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,599 SF
Lot Size0.18 Acres
Price / SF$163.52
Days on Market510
Property Features for 6404 Rocky Rose Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
AllBedroomsDown, BuiltInFeatures, CeilingFans, WalkInClosets, CustomCabinets, EatInKitchen, KitchenFamilyRoomCombo, Pantry
Exterior features
CoveredPatio
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, SomeElectricAppliances, Microwave
Subdivision
Reynolds Crossing
Lot features
City Lot, Sprinklers In Rear, Sprinklers In Front, Sprinklers In Ground, 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.
Standard status
Active
APN
528945
Size
2,599 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Reynolds Crossing Phase 1, Block 003, Lot 0019
HOA Fee
$240 Annually
Legal Description
Reynolds Crossing Phase 1, Block 003, Lot 0019
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Heat Pump
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Paintedstained, Concrete, Carpet
Building materials
FoamInsulation, HardiplankType, Masonry, StoneVeneer, SprayFoamInsulation
Roof type
Composition, Shingle
Architectural style
Modern
Listing Agency:
Magnolia Realty Temple Belton
(254) 213-6336
Listed By:
Lauren Hartshorn · License #0606787
(254) 931-1754
Added: Apr 22, 2025
Changed: Sep 13
Last Checked: Sep 13 at 10:06PM
MLS# 575529
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 modern duplex contains two separate residences, each arranged with three bedrooms, two bathrooms, an open living and kitchen area, and a private one-car garage. The combined building area is 2,599 square feet on a 0.18-acre lot. Construction is listed as under way, with a 2025 build year and a contemporary design that combines Austin Stone, Hardiplank, stained concrete, carpet, and composition shingle roofing.
Interior specifications include custom cabinetry, granite countertops, undermount sinks, stainless steel appliances, tiled showers, walk-in closets, pantry space, spray foam insulation, and Lennox high-efficiency heat pumps. Each residence also includes a covered patio, while the grounds feature sod, irrigation, and privacy fencing. Public water and sewer serve the property. Fort Cavazos and Seton Hospital are identified as nearby destinations.
Interior specifications include custom cabinetry, granite countertops, undermount sinks, stainless steel appliances, tiled showers, walk-in closets, pantry space, spray foam insulation, and Lennox high-efficiency heat pumps. Each residence also includes a covered patio, while the grounds feature sod, irrigation, and privacy fencing. Public water and sewer serve the property. Fort Cavazos and Seton Hospital are identified as nearby destinations.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,599 square feet combined on a 0.18‑acre lot
- Private 1‑car garage for each unit
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
$22,463
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
5.29%
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%
$449,260
$449.3K
Cap Rate 7%
$320,900
$320.9K
Cap Rate 9%
$249,589
$249.6K
Market Conditions
NOI Build-Up for 2,599 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
$34.3K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.1K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.5K $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%
$449,260
Cap Rate 7%
$320,900
Cap Rate 9%
$249,589
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,463 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,783 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$624.3K
$546.2K – $728.3K
NOI $43,698 @ 7.0% cap · market cap 10.28%
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
31
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 - Newly built duplex with private garages, covered patios, upgraded kitchens, and durable low-maintenance finishes.
Where is this duplex located?
The property is located at 6404 Rocky Rose Road Killeen, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,599 square feet combined on a 0.18‑acre lot; Private 1‑car garage for each unit
