504 Blake St · Killeen, TX 76541

$94,900

3 bd · 2.0 ba · 1,040 sqft · MultiFamily public records · 145 Days on market

Built 1960 6,520 sqft lot $91/sqft · 23% below area Est $123k · 23% under ↓ 23% since listing

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Appreciation +6.1/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Stop paying rent and start building your future in this beautifully reimagined 1,040-square-foot residence. 504 Blake Street is not your average 1960s cottage; it has been masterfully updated to meet the needs of the modern homeowner. Featuring a rare and highly sought-after dual-primary suite configuration, this home offers two spacious bedrooms, each located on opposite ends of the house for ultimate privacy. Every bedroom comes with its own private, en-suite bathroom, making this the perfect setup for roommates, guests, or a military 'house-hack. ' The heart of the home is an expansive open-concept living area that flows seamlessly into a modern kitchen. Finished with contemporary grey tones, durable wood-look laminate flooring, and crisp white trim, the interior feels bright, clean, and entirely turnkey. The kitchen is a chef’s delight, boasting white shaker-style cabinetry, high-heat resistant tile countertops, and a full suite of modern appliances. Outside, the property continues to impress with its symmetrical dual-porch facade and unpaved driveways on both sides of the home—providing independent parking for both residents. The large backyard is a private oasis, shaded by towering mature trees and fully enclosed by a wood privacy fence. Located just minutes from the gates of Fort Cavazos and walking distance to the shopping and dining of the Midtown Mall area, 504 Blake Street offers a level of convenience that is hard to match. Whether you are a first-time buyer looking to escape the rental cycle, a service member seeking a smart investment, or a renter ready to start building equity, this $110,000 gem is your path to financial freedom in Central Texas.

Key facts

• Large backyard
• Modern kitchen
• 6,520 sq ft lot

Tags

• PRIVATE EN-SUITE BATHROOM
• OPEN-CONCEPT LIVING AREA
• MODERN KITCHEN
• WHITE SHAKER-STYLE CABINETRY
• SYMMETRICAL DUAL-PORCH FACADE
• LARGE BACKYARD

🏷️ Possibly a rental listed for sale. The $94,900 price doesn't fit this home's estimated sale value (~$122,523) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $95k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 3.9% in Killeen — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#853 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities D, employment D.
• Killeen ISD (urban): math 31% / reading 38% proficiency, ranked #524 of 826 in TX (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.0%/yr); 123 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 44% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $3k of equity ($656 loan paydown + $2k appreciation (2.3% local appreciation)).
• Bell County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.3% appreciation + 0.0% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 145 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.44% ✓
• Cap rate: 11.24%
• Cash-on-cash: 17.67%
• DSCR: 1.79
• GRM: 5.8

CMA / ARV

• ARV (median comp): $122,523
• List price: $94,900
• Delta: -22.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

2.26% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 20.2%
• Equity multiple: 2.08×
• Total profit: $28,717
• Equity at exit: $38,780

10-year hold

• IRR: 20.3%
• Equity multiple: 3.53×
• Total profit: $67,355
• Equity at exit: $56,900

Cash invested: $26,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76541

• Home prices YoY: 1.4%
• Rents YoY: -2.0%
• Active inventory: 123
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,370 high
• Mortgage (P&I): −$498
• Tax from tax record: −$154 /mo · $1,847/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $391

Break-even live

Break-even rent $875

Max offer price $94,900

Occupancy floor 66%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,370
Total (2 units)			$1,370

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 E Bryce Dr Killeen, TX	1.0–2.0	1.0	620	$1,010	$1.63	44d	9	0.38mi
1104 E Avenue E Killeen, TX	2.0	1.0	736	$800	$1.09	44d	1	0.39mi
724 Carrie Ave Killeen, TX	3.0	1.0	1100	$1,000	$0.91	44d	1	0.46mi
414 East Avenue A Unit 106 Killeen, TX	2.0	1.0	800	$705	$0.88	14d	1	0.50mi
501 N 18th St Unit B Killeen, TX	3.0	1.5	1286	$1,250	$0.97	23d	1	0.51mi
907 Wells St Killeen, TX	3.0	1.0	1050	$950	$0.90	23d	1	0.51mi
1201 Greenwood Ave Killeen, TX	4.0	2.0	1276	$1,350	$1.06	44d	1	0.52mi
1309 Greenwood Ave Killeen, TX	3.0	1.0	925	$900	$0.97	21d	1	0.56mi
913 Estelle Ave Killeen, TX	4.0	2.0	1292	$1,445	$1.12	14d	1	0.57mi
905 Parmer Ave Unit B Killeen, TX	3.0	1.0	836	$850	$1.02	14d	1	0.58mi
603 Wolf St Killeen, TX	3.0	1.0	786	$952	$1.21	44d	1	0.58mi
608 N 18th St Unit B Killeen, TX	3.0	1.0	838	$915	$1.09	14d	1	0.59mi
118 E Fowler Ave Killeen, TX	3.0	1.0	902	$875	$0.97	44d	1	0.60mi
309 Root Ave Unit 1 Killeen, TX	2.0	1.0	700	$850	$1.21	14d	1	0.63mi
208 E Voelter Ave Killeen, TX	3.0	2.0	1215	$995	$0.82	23d	1	0.66mi
209 West Avenue A Unit A Killeen, TX	3.0	2.0	876	$935	$1.07	14d	1	0.66mi
614 Stringer St Killeen, TX	1.0–2.0	1.0	607	$699	$1.15	14d	8	0.68mi
912 Southside Dr Killeen, TX	3.0	1.0	841	$995	$1.18	44d	1	0.68mi
806 Houston St Killeen, TX	2.0	1.0	748	$900	$1.20	44d	1	0.70mi
910 San Antonio St Killeen, TX	3.0	1.0	1208	$995	$0.82	44d	1	0.71mi
907 San Antonio St Killeen, TX	3.0	1.5	1303	$1,195	$0.92	44d	1	0.71mi
715 Cardinal Ave Killeen, TX	3.0	1.0	1142	$800	$0.70	44d	1	0.72mi
605 Stringer St Unit A Killeen, TX	3.0	2.5	1334	$1,500	$1.12	44d	1	0.72mi
409 Short Ave Killeen, TX	4.0	2.0	1220	$1,300	$1.07	44d	1	0.73mi
1003 San Antonio St Killeen, TX	4.0	1.0	1452	$1,095	$0.75	44d	1	0.73mi
919 Southside Dr Killeen, TX	3.0	1.0	925	$1,300	$1.41	44d	1	0.74mi
801 S W S Young Dr Killeen, TX	3.0	1.0–2.0	1027	$2,043	$1.99	13d	12	0.75mi
512 Raymond St Killeen, TX	3.0	2.5	1336	$1,300	$0.97	44d	1	0.75mi
512 Raymond St Unit B Killeen, TX	3.0	2.5	1336	$1,300	$0.97	23d	1	0.75mi
717 Norris Ave Killeen, TX	3.0	1.0	1118	$1,000	$0.89	44d	1	0.75mi
1302 Redondo Dr Killeen, TX	3.0	1.0	1327	$1,200	$0.90	44d	1	0.77mi
508 Patton Dr Killeen, TX	3.0	1.5	924	$1,150	$1.24	23d	1	0.78mi
909 Houston St Killeen, TX	3.0	2.0	1200	$1,195	$1.00	44d	1	0.78mi
1015 N 14th St Unit 4 Killeen, TX	2.0	1.0	850	$845	$0.99	23d	1	0.79mi
1015 N 14th St Unit 2 Killeen, TX	2.0	1.0	850	$845	$0.99	44d	1	0.79mi
1015 N 14th St Apt 1 Killeen, TX	2.0	1.0	850	$850	$1.00	44d	1	0.79mi
1015 N 14th St Unit 2 Killeen, TX	2.0	1.0	850	$845	$0.99	14d	1	0.79mi
514 McArthur Dr Killeen, TX	3.0	1.0	1084	$995	$0.92	44d	1	0.80mi
1006 N 4th St Unit 8 Killeen, TX	2.0	1.0	750	$700	$0.93	44d	1	0.80mi
1417 Jasper Garden Ct Killeen, TX	3.0	2.0	1477	$1,675	$1.13	44d	1	0.82mi

Listing history 23 events

1. 2026-06-18
   days on market $94,900 Active 145 DOM
2. 2026-06-17
   days on market $94,900 Active 144 DOM
3. 2026-06-16
   days on market $94,900 Active 143 DOM
4. 2026-06-15
   days on market $94,900 Active 142 DOM
5. 2026-06-14
   days on market $94,900 Active 140 DOM
6. 2026-06-13
   days on market $94,900 Active 139 DOM
7. 2026-06-10
   days on market $94,900 Active 137 DOM
8. 2026-06-09
   days on market $94,900 Active 136 DOM
9. 2026-06-08
   days on market $94,900 Active 135 DOM
10. 2026-06-07
    pricedays on market $94,900 Active 134 DOM
11. 2026-06-03
    days on market $99,900 Active 130 DOM
12. 2026-06-02
    days on market $99,900 Active 129 DOM
13. 2026-06-01
    days on market $99,900 Active 128 DOM
14. 2026-05-31
    days on market $99,900 Active 127 DOM
15. 2026-05-30
    days on market $99,900 Active 126 DOM
16. 2026-04-07
    price $99,900 1704-char remark

    Show marketing remark (1704 chars)

    Stop paying rent and start building your future in this beautifully reimagined 1,040-square-foot residence. 504 Blake Street is not your average 1960s cottage; it has been masterfully updated to meet the needs of the modern homeowner. Featuring a rare and highly sought-after dual-primary suite configuration, this home offers two spacious bedrooms, each located on opposite ends of the house for ultimate privacy. Every bedroom comes with its own private, en-suite bathroom, making this the perfect setup for roommates, guests, or a military 'house-hack. ' The heart of the home is an expansive open-concept living area that flows seamlessly into a modern kitchen. Finished with contemporary grey tones, durable wood-look laminate flooring, and crisp white trim, the interior feels bright, clean, and entirely turnkey. The kitchen is a chef’s delight, boasting white shaker-style cabinetry, high-heat resistant tile countertops, and a full suite of modern appliances. Outside, the property continues to impress with its symmetrical dual-porch facade and unpaved driveways on both sides of the home—providing independent parking for both residents. The large backyard is a private oasis, shaded by towering mature trees and fully enclosed by a wood privacy fence. Located just minutes from the gates of Fort Cavazos and walking distance to the shopping and dining of the Midtown Mall area, 504 Blake Street offers a level of convenience that is hard to match. Whether you are a first-time buyer looking to escape the rental cycle, a service member seeking a smart investment, or a renter ready to start building equity, this $110,000 gem is your path to financial freedom in Central Texas.

17. 2026-01-24
    listed $110,000 Active 1704-char remark

    Show marketing remark (1704 chars)

    Stop paying rent and start building your future in this beautifully reimagined 1,040-square-foot residence. 504 Blake Street is not your average 1960s cottage; it has been masterfully updated to meet the needs of the modern homeowner. Featuring a rare and highly sought-after dual-primary suite configuration, this home offers two spacious bedrooms, each located on opposite ends of the house for ultimate privacy. Every bedroom comes with its own private, en-suite bathroom, making this the perfect setup for roommates, guests, or a military 'house-hack. ' The heart of the home is an expansive open-concept living area that flows seamlessly into a modern kitchen. Finished with contemporary grey tones, durable wood-look laminate flooring, and crisp white trim, the interior feels bright, clean, and entirely turnkey. The kitchen is a chef’s delight, boasting white shaker-style cabinetry, high-heat resistant tile countertops, and a full suite of modern appliances. Outside, the property continues to impress with its symmetrical dual-porch facade and unpaved driveways on both sides of the home—providing independent parking for both residents. The large backyard is a private oasis, shaded by towering mature trees and fully enclosed by a wood privacy fence. Located just minutes from the gates of Fort Cavazos and walking distance to the shopping and dining of the Midtown Mall area, 504 Blake Street offers a level of convenience that is hard to match. Whether you are a first-time buyer looking to escape the rental cycle, a service member seeking a smart investment, or a renter ready to start building equity, this $110,000 gem is your path to financial freedom in Central Texas.

18. 2025-12-31
    historical
19. 2025-09-09
    price $119,500
20. 2025-07-22
    listed $130,000 Active
21. 2015-01-28
    soldstatus
22. 2014-11-20
    soldstatus
23. 1993-08-20
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $1,847 · $154/mo
• Projected year-2 tax: $1,847 · $154/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,440
• − Mortgage interest: −$5,316
• − Property taxes: −$1,847
• − Insurance: −$474
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$2,761
• Taxable income: $3,412
• Est. tax owed @ 24.0%: −$819
• After-tax cash flow: $3,875/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Killeen ISD
• NCES district ID: 4825660
• Math proficiency: 31% ▼ -16.00%
• Reading proficiency: 38% ▼ -3.00%
• Median HH income: $47,665
• Composite: 29.69/100
• National rank: #6458
• State rank: #524 of 826 in TX

Livability — Killeen

• Score: 63/100
• State rank: #853
• US rank: #15359

Category grades

Amenities D Commute F Cost of living A+ Crime D- Employment D Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Killeen, TX
• County: Bell County · 345,090 people
• City population: 163,398
• Metro: Killeen-Temple, TX
• Population (ZIP): 19,011
• Household income: $37,349
• Rent vs Own: 76.4% rent · 23.6% own
• Severe rent burden: 1668.0

Population outlook (Bell County) Hauer SSP2

• Today (2025): 371,114 people
• By 2030: 389,104 · +4.8%
• By 2040: 420,592 · +13.3%
• By 2050: 447,779 · +20.7%
• By 2075: 499,130 · +34.5%
• By 2100: 505,680 · +36.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 32% White 31% Black 27% Two or more races 10% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 14% · Canada, Vietnam, South Korea
• Languages at home: 69% English-only · Spanish 25% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Bell

• 2024 margin: R (+16.2) · D 41.3% · R 57.6% · Other 1.1%
• 2008→2024 swing: -6.5pp toward R · 2008: -9.8pp · 2024: -16.2pp
• All cycles: 2024: R+16.2 2020: R+8.5 2016: R+15.1 2012: R+16.4 2008: R+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.26%
• Current HPI: 168.1206
• Rent YoY: ▼ -2.00%
• Metro: Killeen-Temple, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-23.2% since first listed

8 events — show timeline

• 2026-04-07 Price Changed $99,900 CTXMLS
• 2026-01-24 Listed $110,000 CTXMLS
• 2025-12-31 Listing Removed — CTXMLS
• 2025-09-09 Price Changed $119,500 CTXMLS
• 2025-07-22 Listed $130,000 CTXMLS
• 2015-01-28 Sold (Public Records) — Public Records
• 2014-11-20 Sold (Public Records) — Public Records
• 1993-08-20 Sold (Public Records) — Public Records

Property tax history

+21.4%/yr

Latest (2025): $1,847 · +5.6% YoY. Source: county tax records.