Duplex Package with Two-Car
For Sale
$298,000
908 Mcdaniel Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size2,296 SF
Lot Size0.25 Acres
Price / SF$129.79
Days on Market348
Property Features for 908 Mcdaniel Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3
Interior features
CeilingFans, TubShower, Vanity, WalkInClosets, KitchenFamilyRoomCombo
Fencing
Perimeter, Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, RangeHood, 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
207131
Size
2,296 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MCDANIEL ADDITION, LOT 0009
Tax Annual Amount
6076
Legal Description
MCDANIEL ADDITION, LOT 0009
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet, Vinyl
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# 592088
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 1999 brick-veneer duplex measures 2296 square feet on a 0.25-acre lot and is included in a package of 13 duplexes. Each unit has a two-car garage positioned between the living areas, along with a private fenced area. The property includes two- and three-bedroom units across the package, with tile, carpet, and vinyl flooring represented throughout the residences.
Property improvements include upgraded living-area flooring, durable bedroom carpet, ceramic tile in wet areas, updated ceiling fans and light fixtures, and marble countertops in several units. 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. The property also features perimeter fencing, a master sprinkler system, garage door openers, public water, and public sewer.
Property improvements include upgraded living-area flooring, durable bedroom carpet, ceramic tile in wet areas, updated ceiling fans and light fixtures, and marble countertops in several units. 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. The property also features perimeter fencing, a master sprinkler system, garage door openers, public water, and public sewer.
Key Highlights
- Package includes 13 duplexes with 2- and 3‑bedroom units
- 2296 square feet on a 0.25‑acre lot
- Two‑car garage separates the living spaces in each unit
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
$19,845
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
6.66%
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%
$396,900
$396.9K
Cap Rate 7%
$283,500
$283.5K
Cap Rate 9%
$220,500
$220.5K
Market Conditions
NOI Build-Up for 2,296 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
$30.3K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$28.3K $12.35/SF
− OpEx
−$8.5K −$3.70/SF
NOI
$19.8K $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%
$396,900
Cap Rate 7%
$283,500
Cap Rate 9%
$220,500
Alternative Uses
Best Use
Multifamily LT 5
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$551.5K
$482.6K – $643.4K
NOI $38,604 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-veneer construction pairs separate living spaces with fenced areas and central garage access.
Where is this duplex located?
The property is located at 908 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: Package includes 13 duplexes with 2- and 3‑bedroom units; 2296 square feet on a 0.25‑acre lot; Two‑car garage separates the living spaces in each unit
