Active Listing  ·  130 days on market

507 Ali Dr

Killeen, TX 76542
$229,900
4 Bed 2 Bath 1,887 sqft $122/sqft Built 2004 0.25 acres 2-Car Garage Pool Rahman Sub Ph One

Price improvement: 507 Ali Drive Killeen, TX 76542 4BR split floor plan, 2 full baths, 1886SF home on a large 0.2513 acre corner lot that is located in what the Sellers describe as: “Nice, quiet, clean, friendly and safe neighborhood - where kids play & neighbors are out walking throughout the day.” There is no carpet in the house. This beautiful home has an updated Kitchen with Granite Counters/Island(2025), subway tile backsplash, SS appliances, built-in microwave above range, center Island with electrical outlet, deep dual SS sink and matching farmhouse style light fixtures in Kitchen & attached Breakfast area.

Coffered ceilings in Living room and Master Bedroom enhance the appeal in these very large rooms. The Living room is in the center of the floorplan; has a wall of windows overlooking the backyard and has a gorgeous corner wood burning fireplace with stone accents & wood mantle. This split floor plan has 3BR + Bath on west end and two of the secondary bedrooms have French doors to closets.

Master ensuite on the east side of the house has THREE walk-in closets, coffered ceiling, accent wall, a really cool pocket door entry to bathroom, Jacuzzi tub with tiled walls and frosted window for natural lighting, an upgraded walk-in shower (2025) with elegant glass door that was expanded and very roomy.

Let’s talk a little about the outside: Solar screens, carriage lights, gutters and the new wood privacy fence - that was moved towards sidewalk for a very large back & side yards,…perfect for entertaining, kiddos or pets playing safely. There is a spacious covered patio with new ceiling fan and light that opens to a large concrete patio. Roof and new privacy wood fence were replaced in 2025. Storage building can stay.

At $122/sqft, this home is 29% 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

507 Ali Dr, Killeen, TX 76542

Property Details

Price $229,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,887 sqft
Lot Size 0.25 acres (10,946.63 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rahman Sub Ph One
County Bell
Zip Code 76542
$/sqft $122/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,224.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224120006
List Date March 27, 2026
Elementary School Alice W Douse
Middle School Charles E Patterson
High School Ellison
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 27, 2026 $244,900
Previous ask $234,900
Current ask $229,900
Reduced $15,000 (-6.1%) 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
1303 Lone Pine Way
Dogwood Addition
$229,900 $153 3 bd / 2 ba 1,502 sqft , 2026-07-02
4302 Boots Dr
Clear Creek Estates Ph Five
$230,000 $137 3 bd / 2 ba 1,682 sqft , 2026-03-11
1305 Lone Pine Way
Dogwood Addition
$227,900 $158 3 bd / 2 ba 1,446 sqft , 2026-06-10
9619 Murandy Dr
Yowell Ranch Ph V
$233,000 $165 3 bd / 2 ba 1,415 sqft , 2026-04-16
2410 Buttercup Cir
Bellaire Heights 1st Ext
$225,000 $156 3 bd / 2 ba 1,438 sqft , 2026-07-03

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
$1,104/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
$45,980
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$402
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-649

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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