Active Listing  ·  134 days on market

302 Paddock Ln

Killeen, TX 76542
$275,000
4 Bed 2 Bath 2,075 sqft $133/sqft Built 2020 0.17 acres Pool Duncan Farms Ph I

This beautiful, well-maintained 4-bedroom, 2-full-bath home features a primary bedroom with two walk-in closets and double sinks in the primary bath. The garage has been converted into a spacious living area that could serve as your media room, game room, movie room, or a second primary bedroom. Hardwood-looking LVP flooring runs throughout, with carpet in the bedrooms. There is no HOA, and the community is served by Alice W. Douse Elementary School. This home has only had one owner. It boasts a stunning chandelier in the dining area and attractive lighting over the kitchen island. A wine cooler has been installed in the kitchen. This home won’t last long—don’t wait to make it yours. It’s also just minutes from Stillhouse Lake. Backyard Shed does not come with the home.

At $133/sqft, this home is 23% below the Killeen active market average of $173/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

302 Paddock Ln, Killeen, TX 76542

Property Details

Price $275,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,075 sqft
Lot Size 0.17 acres (7,270.16 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Duncan Farms Ph I
County Bell
Zip Code 76542
$/sqft $133/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,895.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223542041
List Date March 23, 2026
Elementary School Alice W Douse
Middle School Charles E Patterson
High School Chapparral
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 →

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
5013 Primavera Ln
Estancia West
$276,700 $157 3 bd / 2 ba 1,757 sqft , 2026-03-30
3900 Addison St
Yowell Ranch
$277,115 $164 3 bd / 3 ba 1,691 sqft , 2026-07-21
7007 Fread Dr
Mitchell Farm Ph I
$277,999 $164 4 bd / 2 ba 1,694 sqft , 2026-05-27
6807 Fread Dr
Mitchell Farms
$278,025 $167 4 bd / 2 ba 1,665 sqft , 2026-07-22
1505 Cordus Jackson Jr Victory Ranch Ln
Victory Ranch
$271,535 $163 4 bd / 2 ba 1,665 sqft , 2026-07-12

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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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