Prime opportunity in the heart of Downtown Killeen! Located at 1406 N Gray Street, this R-3 zoned lot offers incredible potential for investors, builders, or anyone looking to capitalize on the city’s ongoing growth and revitalization.
Positioned within the Greater Downtown district, this property sits in an area experiencing significant transformation, with new businesses, job growth, and continued investment driving momentum. The City of Killeen continues to focus on enhancing the downtown area through infrastructure improvements, community development, and long-term growth initiatives.
With R-3 zoning, this lot offers flexibility for multi-family or higher-density residential development, making it a strategic addition to any investor’s portfolio. Whether you’re looking to build, hold, or develop, this is your chance to secure a piece of a rapidly evolving area before values continue to rise.
Affordable, centrally located, and full of potential, this is a must-see opportunity in one of Killeen’s most promising growth corridors.
Active
$20,000
1406 N Gray St, Killeen, TX 76541
--beds
--baths
0.28Acres
Unimproved Land
Built in ----
0.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 163 days
- 69
- 10
Zillow last checked:
Listing updated:
Listed by:
Michelle Holmes (855)450-0442,
Real Broker, Llc
Source: Central Texas MLS,MLS#: 608767
Originating MLS: Fort Hood Area Association of REALTORS
Facts & features
Interior
Video & virtual tour
Property
Features
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: None
- Body of water: None
Lot
- Size: 0.28 Acres
Details
- Additional structures: None
- Parcel number: 7596
- Zoning description: R3
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: None
- Subdivision: North Side Add
HOA
- Has HOA: No
Location
- Region: Killeen
Financial & listing details
- Tax assessed value: $25,000
- Annual tax amount: $507
- Date on market: 3/27/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $20,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $507 +1.8% | $25,000 |
| 2024 | $498 +5.2% | $25,000 |
| 2023 | $473 +40.5% | $25,000 +56.3% |
| 2022 | $337 | $16,000 +100% |
| 2021 | -- | $8,000 |
| 2020 | $192 -40.2% | $8,000 -37.3% |
| 2019 | $322 -4.2% | $12,750 |
| 2018 | $336 +216.3% | $12,750 |
| 2017 | $106 | $12,750 +200% |
| 2016 | $106 +1.1% | $4,250 |
| 2015 | $105 | $4,250 |
| 2014 | $105 | $4,250 |
| 2013 | -- | $4,250 |
| 2012 | -- | $4,250 |
| 2011 | -- | $4,250 |
| 2010 | -- | $4,250 |
| 2009 | -- | $4,250 |
| 2008 | -- | $4,250 |
| 2007 | -- | $4,250 |
| 2006 | -- | $4,250 |
| 2005 | -- | $4,250 |
| 2004 | -- | $4,250 |
| 2003 | -- | $4,250 |
| 2002 | -- | $4,250 |
| 2001 | -- | $4,250 |
| 2000 | -- | $4,250 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 76541
Nearby schools
Schools provided by the listing agent
- District: Killeen ISD
Source: Central Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








