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1204 Gray st 0.36 Acres of Residential Land Offered at $52,000 in Killeen, TX 76541
Investment Highlights
- R-3 Zoned Multifamily Lot — Build a duplex, triplex, or fourplex on this 15,750 sq ft parcel in North Killeen
- Prime location near Fort Cavazos — strong rental demand from military personnel and local workforce
- Oversized 105 ft x 150 ft level lot with excellent street frontage — ideal for investors and builders
Executive Summary
The lot spans approximately 15,751 square feet and is accessible via Gray Street, which offers connectivity to nearby commercial hubs and essential services. Positioned within Bell County, the property benefits from the strong economic influence of Fort Cavazos (formerly Fort Hood), a major U.S. Army installation driving local business activity and population growth for decades.
With its central location and future development potential, this property can serve a wide array of owner-user or redevelopment scenarios. Due diligence is recommended to confirm zoning allowances and utility availability.
Property Facts
| Price | $52,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | ||
| Zoning | R3 - The R-3 zoning designation is highly coveted for its versatility. It permits the construction of multi-family dwellings. | ||
| Price | $52,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.36 AC |
| Zoning | R3 - The R-3 zoning designation is highly coveted for its versatility. It permits the construction of multi-family dwellings. |
1 Lot Available
Lot
| Price | $52,000 | Lot Size | 0.36 AC |
| Price Per AC | $144,444.44 |
| Price | $52,000 |
| Price Per AC | $144,444.44 |
| Lot Size | 0.36 AC |
SCHARBAUER ADDITION, BLOCK 007, LOT PT 2, 3, (S 1/2 OF 2 & N 50' OF 3), 505-36
Description
This exceptional vacant land parcel presents a rare investment and development opportunity in the heart of Killeen, Texas. Spanning 0.36 acres (15,750 sq. ft.), this level lot features a highly desirable rectangular layout with 105 feet of street frontage and 150 feet of depth. Zoned R-3 (Multifamily Residential), the property offers flexible development potential, making it an ideal canvas for multi-family units, duplexes, or single-family homes . Located in North Killeen, the site benefits from close proximity to Fort Cavazos (formerly Fort Hood), ensuring a steady demand for housing from military personnel, contractors, and local families. The property boasts a clean tax record with 2025 property taxes fully paid ($912.82), providing a seamless transition for the new owner.
Presented by
MTR Bee
1204 Gray st
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