Duplex Portfolio with Two-Car
For Sale
$298,000
902 Mcdaniel Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size1,982 SF
Lot Size0.23 Acres
Price / SF$150.35
Days on Market348
Property Features for 902 Mcdaniel Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Interior features
CeilingFans, TubShower, Vanity, WalkInClosets, KitchenFamilyRoomCombo
Fencing
Privacy, Perimeter
Appliances
Dishwasher, ElectricRange, Disposal, MultipleWaterHeaters, SomeElectricAppliances, Range
Subdivision
Mcdaniel Add
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From the intersection of FM 439 (Rancier Ave) and Twin Creek go south and take a left onto McDaniel Circle.
Standard status
Active
APN
207134
Size
1,982 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MCDANIEL ADDITION, LOT 0012
Tax Annual Amount
6224
Legal Description
MCDANIEL ADDITION, LOT 0012
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
BrickVeneer
Roof type
Composition, Shingle
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Added: Sep 15, 2025
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 591688
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.
The offering includes 13 duplexes totaling 26 residential units, with a mix of 2- and 3-bedroom layouts. The subject property at 902 Mcdaniel Circle contains 1,982 square feet on 0.227 acres and was built in 1999. Each unit has a two-car garage positioned between the living areas, an individual fenced space, and access to a fenced perimeter. Construction includes brick veneer, with central electric heating and central air conditioning.
Interior improvements across the portfolio include vinyl or wood-look flooring in living areas, durable upgraded carpet in bedrooms, ceramic tile in wet areas, refreshed lighting and ceiling fans, and marble countertops in several units. Roofs were replaced in 2024, windows were inspected and repaired as needed in 2025, and buildings were painted within the past five years with additional touch-ups in 2025. Public water and sewer serve the property, and a master sprinkler system supports the landscaped grounds.
Interior improvements across the portfolio include vinyl or wood-look flooring in living areas, durable upgraded carpet in bedrooms, ceramic tile in wet areas, refreshed lighting and ceiling fans, and marble countertops in several units. Roofs were replaced in 2024, windows were inspected and repaired as needed in 2025, and buildings were painted within the past five years with additional touch-ups in 2025. Public water and sewer serve the property, and a master sprinkler system supports the landscaped grounds.
Key Highlights
- Portfolio includes 13 duplexes with 26 residential units
- Mix of 2- and 3‑bedroom units across the package
- Each unit includes a two‑car garage 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
$17,131
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
5.75%
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%
$342,620
$342.6K
Cap Rate 7%
$244,729
$244.7K
Cap Rate 9%
$190,344
$190.3K
Market Conditions
NOI Build-Up for 1,982 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
$26.2K $13.20/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$24.5K $12.35/SF
− OpEx
−$7.3K −$3.70/SF
NOI
$17.1K $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%
$342,620
Cap Rate 7%
$244,729
Cap Rate 9%
$190,344
Alternative Uses
Best Use
Multifamily LT 5
$244.7K
$214.1K – $285.5K
NOI $17,131 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$226.4K
$198.1K – $264.2K
NOI $15,849 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
165
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 - Thirteen duplexes offer updated interiors, private fenced areas, and garage access between the living spaces.
Where is this duplex located?
The property is located at 902 Mcdaniel Circle 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: Portfolio includes 13 duplexes with 26 residential units; Mix of 2- and 3‑bedroom units across the package; Each unit includes a two‑car garage between the living spaces
