Duplex With Two-Car
For Sale
$298,000
900 MCDANIEL KILLEEN TX 76543, Killeen, TX 76543
Two-bedroom residential income property with private outdoor areas, updated finishes, and attached garage access between living spaces.
Property Size1,994 SF
Price / SF$149.45
Days on Market355
Property Features for 900 MCDANIEL KILLEEN TX 76543
General Information
Standard status
Active
Size
1,994 SF
Property subtype
Duplex
Additional Details
Asking Price
$4,000,000
Sprinkler System
Yes
Amenities
individual fenced area
perimeter fenced
flower beds
Building Details
Year Built
2000
Buildings
13
Stories
1
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Source:
Kwsanantonio
Added: Sep 15, 2025
Changed: Aug 31
Last Checked: Sep 2 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Wright Company
Investment Insights
Based on property information with market context.
This duplex, built in 2000, contains 1,994 square feet and is configured with a two-car garage positioned between the living areas. Interior features include ceramic tile, vinyl flooring, carpeted bedrooms, ceiling fans, updated light fixtures, walk-in closets, and electric kitchen appliances. Several units in the package have marble countertops, and the properties have received substantial care and upgrades.
The broader offering includes 13 duplexes with two- and three-bedroom units. All roofs were replaced in 2024, while windows were inspected and repaired as needed in 2025. Buildings were painted within the last five years and touched up in 2025. Each unit has an individual fenced area, the overall complex is perimeter-fenced, and a master sprinkler system serves the grounds. The property is located at 900 McDaniel Circle in Killeen, with city-road access.
The broader offering includes 13 duplexes with two- and three-bedroom units. All roofs were replaced in 2024, while windows were inspected and repaired as needed in 2025. Buildings were painted within the last five years and touched up in 2025. Each unit has an individual fenced area, the overall complex is perimeter-fenced, and a master sprinkler system serves the grounds. The property is located at 900 McDaniel Circle in Killeen, with city-road access.
Key Highlights
- 13 duplexes offered together, comprising 2- and 3‑bedroom units
- Subject duplex contains 1,994 square feet and was built in 2000
- Two‑car garage positioned between the living spaces
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
$17,234
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
5.78%
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%
$344,680
$344.7K
Cap Rate 7%
$246,200
$246.2K
Cap Rate 9%
$191,489
$191.5K
Market Conditions
NOI Build-Up for 1,994 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
$26.3K $13.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$24.6K $12.35/SF
− OpEx
−$7.4K −$3.70/SF
NOI
$17.2K $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%
$344,680
Cap Rate 7%
$246,200
Cap Rate 9%
$191,489
Alternative Uses
Best Use
Multifamily LT 5
$246.2K
$215.4K – $287.2K
NOI $17,234 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$478.9K
$419.1K – $558.8K
NOI $33,526 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
122
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-bedroom residential income property with private outdoor areas, updated finishes, and attached garage access between living spaces.
Where is this duplex located?
The property is located at 900 MCDANIEL KILLEEN TX 76543 Killeen, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 13 duplexes offered together, comprising 2- and 3‑bedroom units; Subject duplex contains 1,994 square feet and was built in 2000; Two‑car garage positioned between the living spaces
