112 W Harrison / Park Ave · Killeen, TX 76541

$119,000

4 bd · 1.0 ba · 666 sqft · Townhouse public records · 419 Days on market

Built 1940 8,637 sqft lot $179/sqft · 63% above area Est $179k · 33% under ↓ 30% since listing

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Why this score? — see what drove the C 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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• Appreciation +6.1/10.0
• 1% rule +5.3/10.0
• DSCR +4.4/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0

Listing remarks MLS

THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

Key facts

• Close to schools
• Centrally located
• Close to shopping

Tags

• MULTI FAMILY PROPERTY
• CENTRALLY LOCATED
• CLOSE TO SCHOOLS
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $119k.

Deal economics

• At list price, monthly cash flow is $27 ($321/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% 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; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 3,222 units permitted in Bell County in 2024 (246 in 5+ unit buildings).
• This rent runs 39% 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 $4k of equity ($823 loan paydown + $3k 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 $33k cash investment doubles in ~9 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 419 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 419 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 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 6.56%
• Cash-on-cash: 0.96%
• DSCR: 1.04
• GRM: 8.1

CMA / ARV

• ARV (median comp): $178,700
• List price: $119,000
• Delta: -33.41%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 4.4%
• Equity multiple: 1.24×
• Total profit: $7,968
• Equity at exit: $48,628

10-year hold

• IRR: 6.3%
• Equity multiple: 1.83×
• Total profit: $27,791
• Equity at exit: $71,349

Cash invested: $33,320 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,220 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$264 /mo · $3,164/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $27

Break-even live

Break-even rent $1,186

Max offer price $119,000

Occupancy floor 93%

Sensitivity live

Price	-10% $94	-5% $60	+0% $27	+5% $-7	+10% $-41
Rent	-10% $-70	-5% $-21	+0% $27	+5% $75	+10% $123
Rate	-1.0pp $87	-0.5pp $57	base $27	+0.5pp $-4	+1.0pp $-35

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
415 E Garrison Ave Unit B Killeen, TX	3.0	1.0	605	$775	$1.28	15d	1	0.45mi
905 N Gilmer St Killeen, TX	1.0–3.0	1.0–2.0	925	$1,395	$1.51	15d	5	0.58mi

Listing history 31 events

1. 2026-06-18
   days on market $119,000 Active 419 DOM
2. 2026-06-17
   days on market $119,000 Active 418 DOM
3. 2026-06-16
   days on market $119,000 Active 417 DOM
4. 2026-06-15
   days on market $119,000 Active 416 DOM
5. 2026-06-14
   days on market $119,000 Active 414 DOM
6. 2026-06-13
   days on market $119,000 Active 413 DOM
7. 2026-06-10
   days on market $119,000 Active 411 DOM
8. 2026-06-09
   days on market $119,000 Active 410 DOM
9. 2026-06-08
   days on market $119,000 Active 409 DOM
10. 2026-06-07
    days on market $119,000 Active 408 DOM
11. 2026-06-03
    days on market $119,000 Active 404 DOM
12. 2026-06-02
    days on market $119,000 Active 403 DOM
13. 2026-06-01
    days on market $119,000 Active 402 DOM
14. 2026-05-31
    days on market $119,000 Active 401 DOM
15. 2026-05-30
    days on market $119,000 Active 400 DOM
16. 2026-03-26
    price $119,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

17. 2026-03-26
    historical

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

18. 2025-10-22
    price $130,000
19. 2025-10-21
    price $130,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

20. 2025-10-16
    price $75,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

21. 2025-10-16
    price $55,000

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

22. 2025-10-02
    listed $130,000 Active
23. 2025-09-17
    price $130,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

24. 2025-08-08
    price $145,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

25. 2025-07-24
    price $149,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

26. 2025-07-03
    price $155,000 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

27. 2025-04-24
    listed $169,000 Active 291-char remark

    Show marketing remark (291 chars)

    THIS UNIQUE MULTI FAMILY PROPERTY FEATURES A 2 BEDROOM/1 BATH HOME AND A 1 BEDROOM/1BATH DUPLEX ALL ON THE SAME LOT. TWO INCOME PRODUCING PROPERTIES ON THE SAME LEGAL! CENTRALLY LOCATED IN KILLEEN, CLOSE TO FT. HOOD, , SCHOOLS AND SHOPPING. . ALL TENANTS PAY RENT IN A VERY TIMELY MANNER .

28. 2020-05-21
    soldstatus
29. 2017-12-15
    soldstatus
30. 2017-06-29
    soldstatus
31. 1994-02-22
    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: $3,164 · $264/mo
• Projected year-2 tax: $3,164 · $264/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 8/10 Severe 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% 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: $14,645
• − Mortgage interest: −$6,666
• − Property taxes: −$3,164
• − Insurance: −$595
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$3,462
• Taxable loss: −$1,585
• Est. tax savings @ 24.0%: +$380
• After-tax cash flow: $702/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

-29.6% since first listed

16 events — show timeline

• 2026-03-26 Price Changed $119,000 CTXMLS
• 2026-03-26 Listing Removed — CTXMLS
• 2025-10-22 Price Changed $130,000 CTXMLS
• 2025-10-21 Price Changed $130,000 CTXMLS
• 2025-10-16 Price Changed $75,000 CTXMLS
• 2025-10-16 Price Changed $55,000 CTXMLS
• 2025-10-02 Listed $130,000 CTXMLS
• 2025-09-17 Price Changed $130,000 CTXMLS
• 2025-08-08 Price Changed $145,000 CTXMLS
• 2025-07-24 Price Changed $149,000 CTXMLS
• 2025-07-03 Price Changed $155,000 CTXMLS
• 2025-04-24 Listed $169,000 CTXMLS
• 2020-05-21 Sold (Public Records) — Public Records
• 2017-12-15 Sold (Public Records) — Public Records
• 2017-06-29 Sold (Public Records) — Public Records
• 1994-02-22 Sold (Public Records) — Public Records

Property tax history

+18.9%/yr

Latest (2025): $3,164 · +22.2% YoY. Source: county tax records.