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B+
NoAgentList RatingHow are grades calculated?Info
Days15Days on Market
Views31view
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$69,995

$74,995

309 N 16th St, Killeen, TX, 76541

$73,262 ARVInfo
On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths864 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$81.01 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Washer
FlooringWood

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN81395
Lot Number4
SubdivisionSpringman
Land UseResidential
Legal DescriptionSPRINGMAN, BLOCK 001, LOT 0004
Census Tract022600
Assessed Land Value$16,000
Assessed Improvement Value$76,948
Assessment Year2025

About this property

**Investor Opportunity in Killeen!** Bring your vision to **309 N 16th St**, a **2-bedroom, 1-bath** home offering approximately **950 square feet** of living space on an approximately **6,000-square-foot lot**. This property presents multiple possibilities for an investor looking for a renovation project, potential rental property, or value-add opportunity. Additional features include a **detached garage**, providing extra storage, workspace, or additional possibilities subject to applicable zoning and city requirements. Location adds to the investment potential. Situated in an established area of Killeen, the property provides convenient access to **Downtown Killeen, Veterans Memorial Boulevard, I-14 & US-190, shopping, restaurants, employment centers, and Fort Cavazos**. Its central location can make it appealing for investors seeking a property positioned near many of the area's major employers and everyday conveniences. Whether your strategy is to renovate and resell, improve and hold as a rental, or explore other permitted uses, this property offers an opportunity to add value and build equity. **Property is being sold AS IS.** Buyer and buyer's agent to independently verify square footage, bedroom and bathroom count, lot dimensions, zoning, utilities, condition, permitted uses, schools, and all information deemed important.

Investor Tools

$0Estimated Mortgage Balance
$125,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$73,262
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,493
$89,934
2025
$16,000
$76,948
$92,948
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,493
$89,934

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$90,000
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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309 N 16th St | Property Details | No Agent List