Three-Duplex Multifamily
For Sale
$189,000
700 Trimmier Road, Killeen, TX 76541
Residential, Killeen, TX
Property Size1,625 SF
Lot Size0.50 Acres
Price / SF$116.31
Days on Market183
Property Features for 700 Trimmier Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Interior features
CeilingFans, WalkInClosets, Pantry
Fireplace
1
Appliances
Dishwasher, Disposal, Oven, Refrigerator
Subdivision
Cosper Creek Add
Lot features
Open Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
corner of trimmier and chapparal
Standard status
Active
APN
188330
Size
1,625 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COSPER CREEK ADDITION, BLOCK 001, LOT PT 5, ACRES .5
Tax Annual Amount
3272
Legal Description
COSPER CREEK ADDITION, BLOCK 001, LOT PT 5, ACRES .5
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
BrickVeneer
Roof type
Shingle, Composition
Listing Agency:
Home Simple of Texas, Inc
(512) 934-1188
Listed By:
Daniel R. Webber · License #0524009
(512) 934-1188
Added: Feb 26
Changed: Aug 20
Last Checked: Aug 28 at 11:06AM
MLS# 605639
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 offering combines three duplex properties into a single multifamily package. The buildings sit beside one another and share the same access road, creating a consolidated residential income property rather than separate individual offerings. The properties were built in 1995 and feature brick veneer construction, shingle and composition roofing, tile flooring, central heating, and central air conditioning. Interior details include ceiling fans, walk-in closets, and pantries, with kitchens equipped with dishwashers, disposals, ovens, and refrigerators. Each unit includes two bedrooms and two bathrooms.
The package is located at 700 Trimmier Road in Killeen, Texas, within Bell County. All six units are currently occupied, with leases extending through 2026. The combined property information identifies a 0.5-acre lot and public water service.
The package is located at 700 Trimmier Road in Killeen, Texas, within Bell County. All six units are currently occupied, with leases extending through 2026. The combined property information identifies a 0.5-acre lot and public water service.
Key Highlights
- Package includes 3 duplexes offered together
- All 6 units are occupied with leases expiring in 2026
- Adjacent duplexes share the same road
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
$14,045
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
7.43%
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%
$280,900
$280.9K
Cap Rate 7%
$200,643
$200.6K
Cap Rate 9%
$156,056
$156.1K
Market Conditions
NOI Build-Up for 1,625 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
$21.5K $13.20/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$20.1K $12.35/SF
− OpEx
−$6.0K −$3.70/SF
NOI
$14.0K $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%
$280,900
Cap Rate 7%
$200,643
Cap Rate 9%
$156,056
Alternative Uses
Best Use
Multifamily LT 5
$200.6K
$175.6K – $234.1K
NOI $14,045 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,994 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$390.3K
$341.5K – $455.4K
NOI $27,322 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
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 - All six units are occupied under leases expiring in 2026.
Where is this duplex located?
The property is located at 700 Trimmier Road 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: Package includes 3 duplexes offered together; All 6 units are occupied with leases expiring in 2026; Adjacent duplexes share the same road
