501 N 16th ST, Killeen TX 76541

Off Market

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Ed's Opinion of Value

$71,774 Ed's Estimate: $117,265 $174,517

Lowest Comp Recommended List: $115,000 to $120,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $117,265. To generate strong buyer interest while maximizing value, I'd price this between $115,000 and $120,000. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in 76541. At 292 sqft smaller than the typical comp, the size difference factors into the valuation. The 1903 construction puts this home 61 years older than the comp average, a factor in the pricing. Buyers in 76541 have 6 comparable options right now, with asking prices between $78,500 and $169,900. The trend in 76541 shows prices have fallen 9.5% in the past 6 months. 801 Carter ST, Killeen TX 76541 nearby adjusts to $110,173; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

76541 Market Trends

$124,500 Median Sold Price ▼ 9.5% 6mo

$97/sqft Median $/SqFt

56 days Avg Days on Market 29 days faster

14 homes Active Inventory 14 mo supply

97.0% Sale-to-List Ratio

6 Sales (6 months)

$76,800 Tax Assessed (2025)

Recently Sold Comparables

$110,173 adjusted 801 Carter ST, Killeen TX 76541 3bd / 2.0ba • 1,264 sqft • 1.1 mi Sold 1 months ago

$174,517 adjusted 1505 Conder ST, Killeen TX 76541 3bd / 2.0ba • 1,438 sqft • 1.4 mi Sold 9 months ago

$71,774 adjusted 806 W Bryce Ave, Killeen TX 76541 4bd / 2.0ba • 1,364 sqft • 1.3 mi Sold 9 months ago

$115,404 adjusted 701 Kern RD, Killeen TX 76541 3bd / 2.0ba • 1,262 sqft • 1 mi Sold 4 months ago

$111,569 adjusted 1402 Toliver ST, Killeen TX 76541 3bd / 4.0ba • 1,413 sqft • 0.7 mi Sold 6 months ago

Currently on Market

$169,500 713 W Mary Jane DR, Killeen TX 76541 3bd / 2.0ba • 1,408 sqft • 1.4 mi 113 days on market

$78,500 803 E Avenue G Ave, Killeen TX 76541 3bd / 1.0ba • 1,304 sqft • 0.3 mi 89 days on market

$145,000 1102 Jackson ST, Killeen TX 76541 4bd / 2.0ba • 1,278 sqft • 0.5 mi 19 days on market

4 Beds

2 Baths 2 Full

1,373 Sq Ft

0.112 Acres

1903 Built

About This Property

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.

Features

Ceiling Fan(s)

Location

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Schools

School District Killeen ISD

Elementary Killeen

Middle School Rancier

High School Killeen

Property Details

Property Type Residential

Construction Wood Siding

Roof Asphalt

Foundation Slab

Levels One

Flooring Vinyl

Cooling Electric

Heating Electric

Exterior None

County Bell

MLS # 6043991

Parking 2 spaces

Windows Blinds

Lot, Outdoor & Utilities

Fencing Back Yard

Water Public

Sewer Public Sewer

Utilities Cable Connected, Electricity Connected

HOA & Community

Community Features None

Tax Information

Annual Taxes (MLS) $1,558 (2025)

Assessed Value $76,800

Exemptions None

Listing History

MLS# 6043991 33 days

Mar 31, 2026	Off Market
Mar 16, 2026	Pending
Jan 22, 2026	Listed	$99,000

Frequently Asked Questions About 501 N 16th ST, Killeen TX 76541

When was 501 N 16th ST, Killeen TX 76541 built?

501 N 16th ST, Killeen TX 76541 was built in 1903. It is wood siding construction with 1,373 square feet on a 0.112 acre lot.

How much does 501 N 16th ST, Killeen TX 76541 cost?

501 N 16th ST, Killeen TX 76541 sold on March 31, 2026. Contact us for sale price details.

Similar Properties

$127,000 6100 E Rancier Ave # 384, Killeen TX 76543 4 bd | 2 ba

$145,000 1102 Jackson ST, Killeen TX 76541 4 bd | 2 ba

$139,700 1508 Bowie CT, Killeen TX 76541 3 bd | 2 ba

$139,900 1204 Cedar DR, Killeen TX 76543 3 bd | 2 ba

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