Active Listing  ·  167 days on market

4305 Pete Dr

Killeen, TX 76549
$200,000
3 Bed 2 Bath 1,449 sqft $138/sqft Built 2001 0.18 acres 2-Car Garage Pool Lonesome Dove

Beautifully remodeled in late 2023 and move in ready, this 3 bedroom, 2 bathroom home in Killeen offers the perfect blend of comfort, style, and convenience. Whether you are a first time homebuyer or an investor looking for a solid rental opportunity, this property delivers. Inside, you will find updated flooring throughout, a refreshed kitchen with modern finishes and new appliances, and remodeled bathrooms designed with a clean, contemporary feel. The open and functional layout makes everyday living easy while still offering defined spaces for relaxing and entertaining. Major system updates provide peace of mind, including a roof replaced in 2021 and HVAC replaced in 2023. These improvements make this home not only visually appealing but also a smart, low maintenance investment. Located just minutes from shopping, dining, and everyday essentials, this home also offers a quick commute to Fort Cavazos, making it an ideal option for military personnel or anyone needing convenient access to the base. If you are looking for an updated home in Killeen with strong rental potential and modern upgrades already completed, this is one you do not want to miss.

At $138/sqft, this home is 19% 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

4305 Pete Dr, Killeen, TX 76549

Property Details

Price $200,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,449 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lonesome Dove
County Bell
Zip Code 76549
$/sqft $138/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229243799
List Date May 11, 2026
Elementary School Willow Springs
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.

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 · May 11, 2026 $200,000
Previous ask $180,000
Current ask $200,000
▲ Increased , (+0.0%) 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
3302 Southhill Dr
West Ridge Estates
$205,000 $132 4 bd / 2 ba 1,556 sqft , 2026-08-18
3301 Woodrow Dr
Lonesome Dove Sub Phas
$219,900 $123 4 bd / 2 ba 1,783 sqft , 2026-09-02
4300 Pennington Ave
Clear Creek Estates Ph Four
$229,000 $134 3 bd / 2 ba 1,710 sqft , 2026-08-31
5101 Bridle Dr
Brighton Place
$229,900 $147 4 bd / 6 ba 1,564 sqft , 2026-08-18
3309 Tallwood Dr
South Meadows Sec Vi
$160,000 $110 3 bd / 2 ba 1,456 sqft , 2026-09-10

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
$960/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
$40,000
20% conventional investment loan

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

Estimated Gross Rent+$960
Principal + Interest−$1,091
Property Tax (~2.1% TX avg)−$350
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-564

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

More Luxury Homes in Killeen

Loading…
View All Luxury Homes →
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 October 4, 2026.

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