About this home

Put your capital to work with a tenant-occupied investment property in Killeen. Located at 1805 N. Gray Street, this one-story home offers approximately 1,120 square feet of living space on a spacious 0.38-acre lot. Public records report central heating and air conditioning, a fireplace, composition-shingle roofing, pier-and-beam construction, and a two-car garage. For investors purchasing with cash or conventional financing, the existing tenancy may help reduce the income gap that often follows closing on a vacant property. The home is being sold subject to the current lease, providing an opportunity to acquire an established rental and evaluate future improvements or repositioning as part of a long-term investment strategy. Public records report R-3 zoning. Buyers should independently verify zoning, permitted uses, measurements, property condition, lease terms, rental income, expenses, and projected returns. Lease and financial information are available upon request. Do not disturb the tenant. Schedule all showings with a Realtor. 24-hours advance notice is required.

Facts and features

Schools

• Killeen High School

  high · 9-12 · 2.1 mi

  2

• Rancier Middle School

  middle · 6-8 · 2.3 mi

  3

• Maude Moore Wood Elementary School

  elementary · K-5 · 6.7 mi

  7

• The Dove Christian Academy

  elementary · K-4 · 1.1 mi

• Richard Milburn Alter High School (Killeen

  high · 9-12 · 0.5 mi

  1

• Killeen Elementary School

  elementary · K-5 · 0.9 mi

  4

Price history

• Sep 16, 2026 · Listed$149,000

Tax history

• 2026$2,153 tax · $104,515 assessed
• 2025$2,116 tax · $106,234 assessed
• 2024$1,895 tax · $73,773 assessed
• 2023$1,552 tax · $62,048 assessed
• 2022$1,415 tax · $42,142 assessed
• 2021$1,012 tax · $29,059 assessed
• 2020$732 tax · $45,313 assessed
• 2019$1,193 tax · $38,953 assessed

Home value

$143,500

• Cotality$143,500
• Collateral Analytics$148,000
• Quantarium$141,156

Where it is