Duplex with Attached
For Sale
$330,000
908 Lasso Drive, Killeen, TX 76543
Two-unit property with central air, private outdoor space, and front-facing attached garage access.
Property Size2,694 SF
Price / SF$122.49
Days on Market180
Property Features for 908 Lasso Drive
General Information
Standard status
Active
Size
2,694 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,067
Amenities
Curbs, Street Lights, Sidewalks
Ceiling Fan(s), Central Air, Electric
Central, Electric
Dishwasher, Electric Range, Electric Water Heater, Disposal, Oven, Refrigerator, Microwave
Ceiling Fan(s), Double Vanity, Laminate Counters, Walk-In Closet(s), Pantry
Back Yard, Chain Link, Wood
Attached, Garage Faces Front, Garage
Traditional
Building Details
Year Built
2019
Stories
1
Listing Agency:
Linnemann Realty
(254) 289-1810
Listed By:
Priscilla Linnemann · License #0715159
(254) 289-1810
Source:
Evrealestate
Added: Mar 6
Changed: Aug 31
Last Checked: Sep 1 at 2:38PM
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
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains 2,694 square feet and offers a practical residential configuration with central electric air conditioning, ceiling fans, laminate counters, double vanities, pantries, and walk-in closets. Each residence is supported by an electric range, refrigerator, microwave, dishwasher, disposal, and electric water heater. The property also includes an attached garage with front-facing access.
Outdoor features include a backyard enclosed by chain-link and wood fencing. The property is located at 908 Lasso Drive in Killeen, within Bell County. Its traditional exterior design and recently built construction provide a straightforward multifamily asset with established residential improvements.
Outdoor features include a backyard enclosed by chain-link and wood fencing. The property is located at 908 Lasso Drive in Killeen, within Bell County. Its traditional exterior design and recently built construction provide a straightforward multifamily asset with established residential improvements.
Key Highlights
- Duplex totaling 2,694 square feet
- Built in 2019
- Attached garage with front‑facing access
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
$23,285
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
7.06%
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%
$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
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
$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 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%
$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 7.06%
Second Best
Apartment 5plus
$307.8K
$269.3K – $359.1K
NOI $21,543 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$647.1K
$566.2K – $754.9K
NOI $45,295 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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-unit property with central air, private outdoor space, and front-facing attached garage access.
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 $330,000.
What are key features of this property?
This property features: Duplex totaling 2,694 square feet; Built in 2019; Attached garage with front‑facing access
