Modern Quadplex with
For Sale
$350,000
1704 Benttree Drive, Killeen, TX 76543
MULTI_FAMILY - Modern - Killeen, TX
Property Size3,180 SF
Lot Size0.47 Acres
Price / SF$110.06
Days on Market26
Property Features for 1704 Benttree Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 4
Parking features
Garage
Interior features
CeilingFans, TubShower, Vanity, WalkInClosets, EatInKitchen
Appliances
ConvectionOven, Dishwasher, ElectricRange, ElectricWaterHeater, Oven, Refrigerator, SomeElectricAppliances, Range
Subdivision
Evening Hollow 2nd Ext
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
WSYoung North, right onto Rancier, left onto Benttree, four-plex sits on the right.
Standard status
Active
APN
7507
Size
3,180 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
EVENING HOLLOW 2ND EXTENSION, BLOCK 005, LOT 0010
Legal Description
EVENING HOLLOW 2ND EXTENSION, BLOCK 005, LOT 0010
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1995
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood, Tile
Building materials
Masonry
Roof type
Composition, Shingle
Architectural style
Modern
Listing Agency:
Homevets Realty Llc · EXIT Realty
(888) 953-8387
Listed By:
Rose Scott · License #0575980
(254) 289-8765
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 9 at 6:06AM
MLS# 619192
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Modern quadplex featuring masonry construction and a composition shingle roof. Built in 1995, the property totals 3,180 SF and sits on a 0.4743-acre lot. Interior features include ceiling fans, tile and vinyl flooring with wood flooring, and multiple built-ins such as walk-in closets and an eat-in kitchen. The layout provides 8 bedrooms and 4 bathrooms, along with central electric heating and central air cooling.
The home is equipped with appliances including a convection oven, dishwasher, electric range, oven, refrigerator, and an electric water heater. Parking is available via a garage. Utilities include public water and public sewer.
The configuration supports a straightforward investor setup where multiple units can be occupied or rented, with flexibility for long-term or short-term use depending on an operator’s plan and applicable requirements.
The home is equipped with appliances including a convection oven, dishwasher, electric range, oven, refrigerator, and an electric water heater. Parking is available via a garage. Utilities include public water and public sewer.
The configuration supports a straightforward investor setup where multiple units can be occupied or rented, with flexibility for long-term or short-term use depending on an operator’s plan and applicable requirements.
Key Highlights
- 3,180 SF modern quadplex on 0.4743‑acre lot
- Built in 1995 with masonry construction and composition shingle roof
- 8 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,700
$549.7K
Cap Rate 7%
$392,643
$392.6K
Cap Rate 9%
$305,389
$305.4K
Market Conditions
NOI Build-Up for 3,180 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.0K $13.20/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$39.3K $12.35/SF
− OpEx
−$11.8K −$3.70/SF
NOI
$27.5K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,700
Cap Rate 7%
$392,643
Cap Rate 9%
$305,389
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.6K – $458.1K
NOI $27,485 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Modern quadplex built in 1995 with garage parking, central electric HVAC, and public water and sewer.
Where is this quadplex located?
The property is located at 1704 Benttree Drive Killeen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,180 SF modern quadplex on 0.4743‑acre lot; Built in 1995 with masonry construction and composition shingle roof; 8 bedrooms and 4 bathrooms
