Two-Unit Duplex with
New
For Sale
$325,000
Pending
908 Lasso Drive, Killeen, TX 76543
Both residences have carpet-free flooring, and one is leased month to month.
Property Size2,694 SF
Days on Market1
Property Features for 908 Lasso Drive
General Information
Standard status
Pending
Size
2,694 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
carpet-free flooring
extra storage
Ceiling Fan(s)
Dining Area
Separate/Formal Dining Room
Double Vanity
Laminate Counters
Tub Shower
Walk-In Closet(s)
Window Treatments
Kitchen/Family Room Combo
Kitchen/Dining Combo
Pantry
Solid Surface Counters
Covered Patio
Porch
Building Details
Building Size
2,694 SF
Year Built
2019
Units
2
Listing Agency:
Linnemann Realty
(254) 628-9272
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Source:
Bluebonnetrealty
Added: Nov 4
Last Checked: Nov 4 at 2:23AM
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 Linnemann Realty
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Investment Insights
Based on property information with market context.
Built in 2019, this 2,694-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. Carpet-free flooring runs throughout, and the property includes a one-car garage. One unit is occupied under a month-to-month lease.
The property is located in Killeen, minutes from Fort Hood. Showings require 24 hours’ notice.
The property is located in Killeen, minutes from Fort Hood. Showings require 24 hours’ notice.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,694 square feet; built in 2019
- One unit has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,285
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,700
$465.7K
Cap Rate 7%
$332,643
$332.6K
Cap Rate 9%
$258,722
$258.7K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$35.6K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$33.3K $12.35/SF
− OpEx
−$10.0K −$3.70/SF
NOI
$23.3K $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 Rate 5%
$465,700
Cap Rate 7%
$332,643
Cap Rate 9%
$258,722
Alternative Uses
Best Use
Multifamily LT 5
$332.6K
$291.1K – $388.1K
NOI $23,285 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,543 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$647.1K
$566.2K – $754.9K
NOI $45,295 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have carpet-free flooring, and one is leased month to month.
Where is this duplex located?
The property is located at 908 Lasso Drive Killeen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,694 square feet; built in 2019; One unit has a month‑to‑month lease
