Renovated Fourplex with Corner
4000 Doraine Court, Killeen, TX 76549
MULTI_FAMILY - Contemporary - Killeen, TX
Property size:
4,230 SFLot size:
0.25 AcresPrice / SF:
$98/SF- Added:
- Mar 6, 2026
- Days on Market:
- 113
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 4000 Doraine Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Rooms
- Bedroom 8, Bedroom 1, Bathroom 6, Bedroom 4, Bathroom 5, Bedroom 5, Bedroom 9, Bathroom 3, Bathroom 4, Bedroom 10, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 7, Bedroom 2, Bedroom 7, Bathroom 8, Bathroom 2
- Parking features
- On Street
- Patio and Porch features
- Patio
- Interior features
- CeilingFans, LaminateCounters, TubShower, WindowTreatments
- Exterior features
- CoveredPatio
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, RangeHood, SomeElectricAppliances
- Standard status
- Active
- APN
- 334655
- Size
- 4,230 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WEISS ADDITION PHASE FOUR, BLOCK 009, LOT 0016
- Tax Annual Amount
- 8568
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick, BrickVeneer, LapSiding, Masonry
- Roof type
- Composition, Shingle
- Architectural style
- Contemporary
Listing agent Vernon MacHardy License #0433118 (254) 289-5905
Listing office Coldwell Banker Realty 2710 Clear Creek Road, Ste 115, TX (254) 200-3800
Listing date Mar 6, 2026
MLS# 590533
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.
HighLights
- 4‑plex with townhouse‑styled layout: Units A & D are 3 bed / 2 full bath; Units B & C are 2 bed / 1.5 bath
- Unit D recently renovated: full interior paint, new vinyl plank flooring, HVAC service and cleaning, and updated bathroom surfaces and fixtures
- Unit D updates include refinished kitchen cabinets and cultured marble countertops in both bathrooms, plus a new front door
- Building exterior was repainted (renovations to the building were approximately $20,000)
- Central HVAC with electric heating and central air; appliances include dishwasher, electric range, disposal, range hood, and refrigerator
- Covered patio/patio area and public utilities (public water and public sewer); corner lot on a cul‑de‑sac with on‑street parking
Overview
This fourplex offers a townhouse-styled floor plan across its four units. Units A and D feature 3 bedrooms and 2 full bathrooms, while Units B and C offer 2 bedrooms and 1.5 bathrooms. The seller reports extensive renovations to Unit D, including full interior paint, new vinyl plank flooring, service and cleaning of the HVAC system, replacement of cultured marble countertops in both bathrooms, refinished kitchen cabinets, installation of a new front door, replacement of some interior doors, and updates to several light fixtures and bathroom mirrors. The entire exterior has also just been repainted.
The property is situated on a corner lot in a cul-de-sac location, with proximity to Ft Cavazos and minutes to three schools. The listing also notes easy access to both Hwy 195 and Stan Schlueter Loop. Photos referenced in the remarks are of Units C and D, with Unit D photos included first.
With multiple unit configurations, the building can support a variety of residential income and owner-occupant plans. The seller notes the Unit D rehab is intended to make that unit ready for VA or FHA buyers, and the renovation work is described as totaling approximately $20,000, with contractor completion invoices included with the attachments. A $10,000 closing cost allowance or an interest-rate buy-down is also offered, at buyer’s choice.
The property is situated on a corner lot in a cul-de-sac location, with proximity to Ft Cavazos and minutes to three schools. The listing also notes easy access to both Hwy 195 and Stan Schlueter Loop. Photos referenced in the remarks are of Units C and D, with Unit D photos included first.
With multiple unit configurations, the building can support a variety of residential income and owner-occupant plans. The seller notes the Unit D rehab is intended to make that unit ready for VA or FHA buyers, and the renovation work is described as totaling approximately $20,000, with contractor completion invoices included with the attachments. A $10,000 closing cost allowance or an interest-rate buy-down is also offered, at buyer’s choice.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.8k | $13.20 |
| − Vacancy | −$3.6k | −$0.85 |
| EGI | $52.2k | $12.35 |
| − OpEx | −$15.7k | −$3.70 |
| NOI | $36.6k | $8.64 |
4,230 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.02M
$889.0K – $1.19M
NOI $71,121 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.790756
- Latitude
- 31.092287
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with townhouse-style layouts and recent upgrades to one unit.
Where is this quadplex located?
The property is located at 4000 Doraine Court Killeen, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4‑plex with townhouse‑styled layout: Units A & D are 3 bed / 2 full bath; Units B & C are 2 bed / 1.5 bath; Unit D recently renovated: full interior paint, new vinyl plank flooring, HVAC service and cleaning, and updated bathroom surfaces and fixtures; Unit D updates include refinished kitchen cabinets and cultured marble countertops in both bathrooms, plus a new front door
