Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3510 Malibu Lane Killeen, TX 76543

    View on Map
    Claim this Listing
    New
    For Sale
    $410,000

    MULTI_FAMILY - Killeen, TX

    Property size:
    4,345 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $94/SF
    Added:
    Apr 21, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 21 at 7:06 pm

    Property Features for 3510 Malibu Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Rooms
    Bedroom 4, Bathroom 8, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 3, Bathroom 6, Bedroom 9, Bathroom 7, Bedroom 10
    Interior features
    TubShower, Vanity, EatInKitchen
    Appliances
    ElectricRange, ElectricWaterHeater, Refrigerator, SomeElectricAppliances, Range
    Standard status
    Active
    APN
    370831
    Size
    4,345 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CROSS ADDITION PHASE IV, BLOCK 001, LOT 0020
    Tax Annual Amount
    7604

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Linoleum, Carpet
    Building materials
    BrickVeneer
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Amy Millsap

    Listing agent Amy Millsap License #0424348

    Listing office Morris Real Estate 1104 W Veterans Memorial Blvd, TX

    Listing date Apr 21, 2026

    MLS# 611376 Listing URL

    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.

    Overview

    Killeen Fourplex: Investment Opportunity

    This townhome-style fourplex in Killeen, Texas, presents a great investment opportunity. Ideally located near Anthem Park, popular restaurants, the Killeen golf course, and I-14, the property offers both convenience and strong rental potential. The property features four units: two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units. All units are currently occupied, providing immediate income. There is also flexibility for an owner-occupant, as one lease is on a month-to-month basis. The roof was recently replaced in 2024, adding long-term value. The property is situated on a 0.2297-acre lot. The total property size is 4345 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.69883
    Latitude
    31.087241

    Nearby Similar for Sale

    • $750,000
      6,700 SF

      Turn-Key Auto Body Facility

      Fully operational collision repair shop in Killeen, Texas.
      621 S 2nd Street, Killeen, TX 76541
      View Details
    • $450,000
      4,000 SF

      Killeen Church with Arched Ceilings

      Church property featuring wooden arched ceilings and stained glass windows.
      1207 Metropolitan Drive, Killeen, TX 76541
      View Details
    • $799,000

      High-Exposure Office Building on I-14

      Professional office building with high visibility and accessibility.
      701 W Central Texas Expressway, Killeen, TX 76541
      View Details
    • $799,000
      3,474 SF

      High-Exposure Office Building on I-14

      Professional office building with high visibility and accessibility.
      701 W Central Texas Expressway, Killeen, TX 76541
      View Details
    • $350,000
      2,400 SF

      Killeen Warehouse with Expansion Potential

      Versatile warehouse on one acre with high traffic visibility.
      802 W S Young Drive, Killeen, TX 76543
      View Details
    • $424,995
      4,230 SF

      Killeen Fourplex with Recent Renovations

      Modern fourplex in Killeen, TX, with renovated unit.
      4000 Doraine Court, Killeen, TX 76549
      View Details
    • $327,000
      2,538 SF

      Killeen Duplex: Investor's Dream

      Well-maintained duplex in Killeen, leased and ready for investment.
      4202 Elms Run Circle, Killeen, TX 76542
      View Details
    • $399,000
      42,820 SF

      Killeen Commercial Property For Sale

      High-traffic location suitable for redevelopment or expansion.
      3701 Lake Road, Killeen, TX 76543
      View Details
    • $250,000
      10,541 SF

      High-Exposure Corner Lot in Killeen

      Commercial building on a high-exposure corner lot in downtown Killeen.
      623 S 2nd Street, Killeen, TX 76541
      View Details
    • $320,000
      2,580 SF

      Killeen Duplex with Fenced Yard

      Duplex near Hwy 195 & Stan Schlueter Loop in Killeen.
      1304 Cinch Drive, Killeen, TX 76549
      View Details
    • $500,000

      Killeen Redevelopment Opportunity

      Value-add redevelopment opportunity in Downtown Killeen's Historic Overlay District.
      403 N Gray Street, Killeen, TX 76541
      View Details
    • $420,000
      4,230 SF

      Killeen Fourplex with Townhouse Layout

      Fourplex in Killeen featuring townhouse-style units, suitable for investors.
      4002 Doraine Court, Killeen, TX 76549
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex near Anthem Park with strong rental income potential.
    Where is this quadplex located?
    The property is located at 3510 Malibu Lane Killeen, TX.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: Immediate income from four currently occupied units; Recent roof replacement in 2024; Strong rental potential due to proximity to Anthem Park, restaurants, Killeen golf course, and I‑14
    (254) 289-3686
    We can help!
    Listing Contact
    Amy Millsap
    Real Estate License ID: 0424348
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!