Duplex Portfolio with Attached
For Sale
$319,000
909 MCDANIEL KILLEEN TX 76543, Killeen, TX 76543
Fenced outdoor areas, updated interiors, and central air support comfortable residential occupancy.
Property Size2,276 SF
Price / SF$140.16
Days on Market354
Property Features for 909 MCDANIEL KILLEEN TX 76543
General Information
Standard status
Active
Size
2,276 SF
Property subtype
Duplex
Additional Details
Asking Price
$4,000,000
Sprinkler System
Yes
Multifamily Units
26
Building Details
Year Built
1999
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 multifamily offering includes 13 duplexes being conveyed as one package, with a combined property size of 2,276 square feet identified for this listing. Each unit has a two-car garage positioned between the living spaces, along with an individual fenced area; the overall complex also has perimeter fencing. Built in 1999, the buildings feature central air, ceiling fans, walk-in closets, and a mix of ceramic tile, vinyl, and carpet finishes. Select interiors include marble countertops and updated lighting.
Property improvements include composition shingle roofs replaced in 2024, window inspection and repairs completed in 2025, exterior painting within the last five years, and additional touch-ups in 2025. The grounds include a master sprinkler system and refreshed flower beds. The package includes units with two- and three-bedroom configurations at 909 Mcdaniel Circle in Killeen, Texas.
Property improvements include composition shingle roofs replaced in 2024, window inspection and repairs completed in 2025, exterior painting within the last five years, and additional touch-ups in 2025. The grounds include a master sprinkler system and refreshed flower beds. The package includes units with two- and three-bedroom configurations at 909 Mcdaniel Circle in Killeen, Texas.
Key Highlights
- 13 duplexes offered together as one package
- Two‑car garage separates the living spaces in each unit
- Individual fenced areas plus perimeter fencing around the complex
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
$19,672
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
6.17%
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%
$393,440
$393.4K
Cap Rate 7%
$281,029
$281.0K
Cap Rate 9%
$218,578
$218.6K
Market Conditions
NOI Build-Up for 2,276 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
$30.0K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$28.1K $12.35/SF
− OpEx
−$8.4K −$3.70/SF
NOI
$19.7K $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%
$393,440
Cap Rate 7%
$281,029
Cap Rate 9%
$218,578
Alternative Uses
Best Use
Multifamily LT 5
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$260.0K
$227.5K – $303.3K
NOI $18,200 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$546.7K
$478.3K – $637.8K
NOI $38,267 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26
Residential units
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 - Fenced outdoor areas, updated interiors, and central air support comfortable residential occupancy.
Where is this duplex located?
The property is located at 909 MCDANIEL KILLEEN TX 76543 Killeen, TX.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 13 duplexes offered together as one package; Two‑car garage separates the living spaces in each unit; Individual fenced areas plus perimeter fencing around the complex
