Occupied Duplex with Vacant
New
For Sale
$140,000
710 /712 Sutton Drive, Killeen, TX 76541
Residential, Killeen, TX
Property Size1,322 SF
Lot Size0.22 Acres
Price / SF$105.90
Days on Market5
Property Features for 710 /712 Sutton Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Interior features
KitchenFamilyRoomCombo, KitchenDiningCombo
Appliances
GasCooktop, Refrigerator, SomeElectricAppliances, SomeGasAppliances
Subdivision
Killeen Heights North Unit 1st
Lot features
City Lot
Elementary school
Killeen Elementary
Middle school
Manor Middle School
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head toward Shelby Ln Take I-14/US-190 W and Trimmier Rd to Sutton Dr in Killeen Turn right onto Sutton Dr Destination will be on the right
Standard status
Active
APN
94761
Size
1,322 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
KILLEEN HEIGHTS NORTH UNIT 1ST SECTION REVISED, BLOCK 001, LOT 0007
Tax Annual Amount
2604
Legal Description
KILLEEN HEIGHTS NORTH UNIT 1ST SECTION REVISED, BLOCK 001, LOT 0007
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Building materials
ShingleSiding, WoodSiding
Roof type
Wood, Shingle
Architectural style
Other
Listing Agency:
Sophia & Associates
(254) 449-7595
Listed By:
Aracelis Wheatley · License #0445656
(254) 371-3045
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 19 at 3:06PM
MLS# 625383
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 at 710/712 Sutton Drive includes 1,322 square feet on a 0.2205-acre lot. The property contains two residential units, with the 710 Sutton residence occupied under a lease expiring August 19, 2027. The 712 Sutton unit is vacant and pending repairs.
Built in 1955, the property includes central heating and central air, vinyl and wood flooring, shingle and wood siding, and a wood-and-shingle roof. Interior layouts include kitchen and family-room combinations as well as kitchen and dining-room combinations. Gas cooktops, refrigerators, and a combination of electric and gas appliances are present. Public water and public sewer serve the property.
Built in 1955, the property includes central heating and central air, vinyl and wood flooring, shingle and wood siding, and a wood-and-shingle roof. Interior layouts include kitchen and family-room combinations as well as kitchen and dining-room combinations. Gas cooktops, refrigerators, and a combination of electric and gas appliances are present. Public water and public sewer serve the property.
Key Highlights
- Two‑unit duplex at 710/712 Sutton Drive
- 1,322 square feet on a 0.2205‑acre lot
- 710 Sutton is occupied with a lease expiring August 19, 2027
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
$11,426
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
8.16%
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%
$228,520
$228.5K
Cap Rate 7%
$163,229
$163.2K
Cap Rate 9%
$126,956
$127.0K
Market Conditions
NOI Build-Up for 1,322 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
$17.5K $13.20/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$16.3K $12.35/SF
− OpEx
−$4.9K −$3.70/SF
NOI
$11.4K $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%
$228,520
Cap Rate 7%
$163,229
Cap Rate 9%
$126,956
Alternative Uses
Best Use
Multifamily LT 5
$163.2K
$142.8K – $190.4K
NOI $11,426 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$151.0K
$132.1K – $176.2K
NOI $10,571 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$317.5K
$277.8K – $370.5K
NOI $22,227 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
733
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one leased residence and a second unit currently vacant pending repairs.
Where is this duplex located?
The property is located at 710 /712 Sutton Drive Killeen, TX.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑unit duplex at 710/712 Sutton Drive; 1,322 square feet on a 0.2205‑acre lot; 710 Sutton is occupied with a lease expiring August 19, 2027
