Active Listing  ·  44 days on market

3309 Tallwood Dr

Killeen, TX 76549
$160,000
3 Bed 2 Bath 1,456 sqft $110/sqft Built 1986 0.20 acres 2-Car Garage Pool South Meadows Sec Vi

This solid 3-bedroom, 2-bath home in South Meadows has plenty of character, comfortable living spaces, and sits on a large lot. Built in 1986 with brick on all sides and full gutters, it’s made for lasting value and easy upkeep. Inside, you’ll find VAULTED CEILINGS, a STONE FIREPLACE, and lots of natural light that make the living area feel warm and welcoming. The kitchen features a GAS STOVE, plenty of cabinet space, and a breakfast area, while the formal dining room is ideal for entertaining. All bedrooms are downstairs, including a primary suite with a walk-in closet. The spacious backyard offers plenty of room to garden, relax, or create your own outdoor retreat. You’ll be close to shopping, schools, and Fort Hood. This property qualifies for a grant up to $5,000 towards closing costs.

At $110/sqft, this home is 35% below the Killeen active market average of $170/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3309 Tallwood Dr, Killeen, TX 76549

Property Details

Price $160,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,456 sqft
Lot Size 0.20 acres (8,903.66 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision South Meadows Sec Vi
County Bell
Zip Code 76549
$/sqft $110/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,982.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246406364
List Date September 10, 2026
Elementary School Maxdale
Middle School Palo Alto
High School Shoemaker
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.

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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
3104 Ricks Rd
Morris Sub Ph One
$159,999 $123 3 bd / 3 ba 1,296 sqft , 2026-08-22
2102 Cascade Dr
Norman Place 1st Ext Rep
$169,900 $133 3 bd / 2 ba 1,279 sqft , 2026-05-26
1810 Gautier Ave
Sugar Loaf Estates Add 3r
$199,500 $154 3 bd / 2 ba 1,296 sqft , 2026-06-15
4305 Pete Dr
Lonesome Dove
$200,000 $138 3 bd / 2 ba 1,449 sqft , 2026-05-11
3302 Southhill Dr
West Ridge Estates
$205,000 $132 4 bd / 2 ba 1,556 sqft , 2026-08-18

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
$768/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
$32,000
20% conventional investment loan

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

Estimated Gross Rent+$768
Principal + Interest−$873
Property Tax (~2.1% TX avg)−$280
Insurance (~0.5%)−$67
Est. Monthly Cash Flow $-452

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 September 11, 2026.

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