Active Listing  ·  55 days on market

4300 Pennington Ave

Killeen, TX 76549
$229,000
3 Bed 2 Bath 1,710 sqft $134/sqft Built 2003 0.17 acres 2-Car Garage Pool Clear Creek Estates Ph Four

This inviting property offers a wonderful opportunity to enjoy comfortable living in a convenient location. Just minutes to Shopping, Entertainment, Central Texas College, Mayborn Planetarium and Fort Hood entry at Clear Creek. With a functional layout and cool tile & laminate flooring. This plan is a Carothers Home Builder favorite. The garage has been converted for extra living space but you'd never know it from the outside. It has plenty of potential to make the space a dance studio, a physical training center, a home school environment or a business inventory center. Think Amyway, Mary Kay, Vitamins Plus and many more. Plus a value added is a Energy Efficient Solar System and Security Screen Doors. This home is ready for your next chapter. If you work in Georgetown, Pflugerville or Austin, its a get there quick trip using the state highways. Whether you’re searching for your next home or an investment opportunity, 4300 Pennington Dr is one you’ll want to see. Schedule your showing today!

At $134/sqft, this home is 21% 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

4300 Pennington Ave, Killeen, TX 76549

Property Details

Price $229,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,710 sqft
Lot Size 0.17 acres (7,483.61 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Clear Creek Estates Ph Four
County Bell
Zip Code 76549
$/sqft $134/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,703.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245255196
List Date August 31, 2026
Elementary School Iduma
Middle School Live Oak Ridge
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
5101 Bridle Dr
Brighton Place
$229,900 $147 4 bd / 6 ba 1,564 sqft , 2026-08-18
4105 Frigate Dr
Windfield Estates Ph Five
$225,000 $147 4 bd / 2 ba 1,531 sqft , 2026-09-14
3301 Woodrow Dr
Lonesome Dove Sub Phas
$219,900 $123 4 bd / 2 ba 1,783 sqft , 2026-09-02
4305 Pete Dr
Lonesome Dove
$200,000 $138 3 bd / 2 ba 1,449 sqft , 2026-05-11

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
$1,099/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
$45,800
20% conventional investment loan

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

Estimated Gross Rent+$1,099
Principal + Interest−$1,250
Property Tax (~2.1% TX avg)−$401
Insurance (~0.5%)−$95
Est. Monthly Cash Flow $-647

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 1, 2026.

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