Sqft 1,373
Acres 0.32
Property Type Residential Income
Heating Electric
Parking Driveway
Year Built 1903
Stories 1
Cooling Wall/Window Unit(s)
Days on Market 220
Garages 0

About 503 N 16th St

Fully leased investment property with excellent value-add opportunity in a high-demand Killeen rental corridor. Property includes two separate residences on one lot (both 2 bed/1 bath) offering diversified income and long-term upside. Ideal for investors seeking stable cash flow with potential to improve rents over time. Centrally located near Fort Cavazos with convenient access to shopping, schools, and major thoroughfares. At this price point, it's hard to find similar cap rates in other markets offering investors ease of entry with strong numbers. Portfolio sale opportunity. Information deemed reliable but not guaranteed. Buyer and Buyer’s Agent to independently verify all information including, but not limited to, square footage, lot size, taxes, schools, zoning, utilities, permits, restrictions, and condition.

Location

Legal Description HARBOUR, BLOCK 006, LOT PT 3, (S 82' OF E 59.5' OF 3), ACRES .112
Address 503 N 16th St
County Bell
City Killeen
Zip Code 76541
Subdivision HARBOUR
School District Killeen ISD
MLS Area KL

Size and Restrictions

Acres 0.32
Lot Description None
Horses Allowed No
$/Acre $309,375

Improvements

Parking Driveway
Fence Back Yard
Exterior Features None

Features

View None
Water Access None

Utilities

Water Public
Utilities Electricity Available, Electricity Connected, Sewer Connected, Water Connected

Amenities

Area Amenities None

Beds and Baths

Primary on Main No

Other Rooms

Other Rooms Bedroom
Kitchen Appliances Dishwasher, Electric Water Heater, Oven, Refrigerator
Laundry Facilities In Unit

Heating and Cooling

Heating Electric
Air Conditioning Wall/Window Unit(s)

Interior Features

Flooring Tile, Vinyl
Features No Interior Steps
Disability None

Building Information

Square Feet 1,373
Year Built 1903
# of Stories 1
Building Faces North
Construction Wood Siding
Foundation Slab
Roof Asphalt

Property Features

Exterior Features None

Garage and Parking

Garage No
Parking Driveway

Financial

$/Sq Ft $72
$/Acre $309,375
$/Unit $49,500
Special Conditions DeedRestrictions
Documents Available None
Disclosures Seller Disclosure

Property Taxes

Appraisal District Bell
Tax ID 111726
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeeXp Realty, LLC
Contact Info(512) 661-3843

Listing Map

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