Active Listing  ·  208 days on market

1204 Cedar Dr

Killeen, TX 76543
$139,900
3 Bed 2 Bath 1,140 sqft $123/sqft Built 1963 0.19 acres 1-Car Garage Pool Rancier Heights Add

NEW PRICE - EXCEPTIONAL VALUE AT $139,900!

FOUNDATION REPAIR COMPLETED!!!

Welcome to 1204 Cedar Drive in Killeen, Texas, a move-in-ready home located just minutes from Fort Hood, making the commute to post quick and stress-free. Instead of handing your BAH to a landlord each month, it can work building equity in a home that can truly be called your own. Easily rented when you PCS from Fort Hood!

This well-maintained 3 bedroom home offers a comfortable layout, spacious living areas, and a private backyard perfect for grilling, letting the kids play, or unwinding after a long day. The upgrades include new roof 2024, brand new stainless steel appliances in the kitchen, new two tone contemporary gray paint with bright white trim, new luxury vinyl plank throughout, no HOA.

Why military families will love this home:

• Minutes to Fort Hood gates

• Eligible for 100% VA financing for qualified buyers

• CLOSING COST ASSISTANCE AVAILABLE

• Private backyard for family time, pets, and entertaining

• Convenient access to schools, shopping, dining, and major highways

• Excellent long-term rental potential, rent rolls on file

One of the biggest advantages of buying near Fort Hood is flexibility. When PCS orders arrive, this property can become a strong rental asset in one of Central Texas’s most consistent military markets.

Schedule your private showing and take a look for yourself.

At $123/sqft, this home is 28% below the Killeen active market average of $172/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1204 Cedar Dr, Killeen, TX 76543

Property Details

Price $139,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,140 sqft
Lot Size 0.19 acres (8,350.45 sqft)
Year Built 1963
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rancier Heights Add
County Bell
Zip Code 76543
$/sqft $123/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,966.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221854352
List Date March 8, 2026
Elementary School Killeen
Middle School Audie Murphy
High School Killeen
School District ,

Luke Allen (TREC #788149) has deep knowledge of Killeen and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 8, 2026 $155,000
Previous ask $145,000
Current ask $139,900
▼ Reduced $15,100 (-9.7%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Killeen

Comparable Listings Right Now

Homes currently for sale in Killeen with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
404 Goodnight Dr
Hillcrest
$139,900 $126 3 bd / 1 ba 1,109 sqft , 2026-06-25
1102 Jackson St
McNair Park Rep
$145,000 $113 4 bd / 2 ba 1,278 sqft , 2026-08-04

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$672/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$27,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$672
Principal + Interest−$763
Property Tax (~2.1% TX avg)−$245
Insurance (~0.5%)−$58
Est. Monthly Cash Flow $-394

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Killeen, TX

Killeen sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →