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$20,000

1406 N Gray Street, Killeen, TX, 76541

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,240 sqft

Land Information

APN7596
Lot Number2
SubdivisionNorth Side Addition
Land UseResidential
Legal DescriptionNORTH SIDE ADDITION, BLOCK 006, LOT 2, 3
Census Tract022801
Assessed Land Value$25,000
Assessment Year2025

About this property

Prime opportunity in the heart of Downtown Killeen! Located at 1406 N Gray Street, this R-3 zoned lot offers incredible potential for investors, builders, or anyone looking to capitalize on the city’s ongoing growth and revitalization. Positioned within the Greater Downtown district, this property sits in an area experiencing significant transformation, with new businesses, job growth, and continued investment driving momentum. The City of Killeen continues to focus on enhancing the downtown area through infrastructure improvements, community development, and long-term growth initiatives. With R-3 zoning, this lot offers flexibility for multi-family or higher-density residential development, making it a strategic addition to any investor’s portfolio. Whether you’re looking to build, hold, or develop, this is your chance to secure a piece of a rapidly evolving area before values continue to rise. Affordable, centrally located, and full of potential, this is a must-see opportunity in one of Killeen’s most promising growth corridors.

Investor Tools

$0Estimated Mortgage Balance
$25,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Michelle Johnson

Real Broker, Llc

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$52/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$498
$25,000
2025
$25,000
N/A
$25,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$498
$25,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$25,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Killeen

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