Active Listing  ·  32 days on market

508 Atlas Ave

Killeen, TX 76542
$249,900
3 Bed 2 Bath 1,821 sqft $137/sqft Built 2008 0.20 acres 2-Car Garage Pool Trimmier Estates Ph One

Rare ONE STORY with all sides Brick!! Roof replaced 2021, All new Stainless Steel Appliances installed July 2026. Freshly Painted Interior! New Carpet Installed in Bedrooms and Study July, 2026. Ceramic tile in Living Area, Kitchen, Baths and Foyer! New HVAC condenser replaced July, 2026, New Garage Door Opener installed July 2026. This is a better than new home and has so many great features. Perfect floor plan with large office off foyer-could be 4th Bedroom. Large open Living Area overlooking Covered patio and Backyard. Mother-in-law plan with Ensuite Master close to Kitchen and Laundry. Two Bedrooms and Bath on opposite side of home for the ultimate privacy! Large open Kitchen with views into Living, Dining and Backyard with trees and shade! Attached two car garage. Move in ready!!

At $137/sqft, this home is 21% 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

508 Atlas Ave, Killeen, TX 76542

Property Details

Price $249,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,821 sqft
Lot Size 0.20 acres (8,581.32 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trimmier Estates Ph One
County Bell
Zip Code 76542
$/sqft $137/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238406541
List Date July 3, 2026
Elementary School Reeces Creek
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.

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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
354 Presley Dr
Turnbo Ranch
$248,690 $156 3 bd / 2 ba 1,595 sqft , 2026-07-17
6814 Fread Dr
Mitchell Farms
$247,970 $175 3 bd / 2 ba 1,415 sqft , 2026-07-22
382 Presley Dr
Turnbo Ranch
$252,130 $179 3 bd / 2 ba 1,409 sqft , 2026-07-24
1509 Cordus Jackson Jr Ln
Victory Ranch
$252,475 $178 3 bd / 2 ba 1,415 sqft , 2026-08-03
1611 Cordus Jackson Jr Ln
Victory Ranch
$254,475 $180 3 bd / 2 ba 1,415 sqft , 2026-07-16

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
$1,200/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
$49,980
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$437
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-705

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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