Quadplex with Fenced
For Sale
$390,000
4305 Shawn Drive, Killeen, TX 76542
Residential, Killeen, TX
Property Size3,568 SF
Lot Size0.18 Acres
Price / SF$109.30
Days on Market179
Property Features for 4305 Shawn Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 8, Bedroom 6, Bathroom 7, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Interior features
CeilingFans
Appliances
Dishwasher, ElectricRange, Refrigerator, Range
Subdivision
De Ann Sub Rep Of L
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
East Stan Scheluter to Shawn Drive, Property location next to The Hallmark Bowling Alley
Standard status
Active
APN
169412
Size
3,568 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DE ANN SUBDIVISION REPLAT OF LT 13A, BLOCK 001, LOT 013B
Tax Annual Amount
6819
Legal Description
DE ANN SUBDIVISION REPLAT OF LT 13A, BLOCK 001, LOT 013B
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
private fenced backyard
Building Details
Year built
1997
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile
Building materials
BrickVeneer, LapSiding
Roof type
Composition, Shingle
Listing Agency:
Soldiers of Real Estate
(254) 618-5140
Listed By:
Steven Darden · License #0477241
(254) 458-4668
Added: Mar 2
Changed: Aug 20
Last Checked: Aug 28 at 11:06AM
MLS# 605901
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.
This four-unit property at 4305 Shawn Drive in Killeen offers 3,568 square feet on a 0.1791-acre lot. Three units have been renovated, while all four residences include private fenced backyards. Interior features include ceiling fans, laminate and tile flooring, dishwashers, electric ranges, and refrigerators. Central electric heating and cooling serve the property, which was built in 1997 and has brick veneer and lap siding construction.
A composition shingle roof was installed in October 2025. The property is connected to public water and public sewer. Professional management by Soldiers of Real Estate LLC is in place, and the property information identifies owner-occupant and investor use potential with rental income from the remaining units.
A composition shingle roof was installed in October 2025. The property is connected to public water and public sewer. Professional management by Soldiers of Real Estate LLC is in place, and the property information identifies owner-occupant and investor use potential with rental income from the remaining units.
Key Highlights
- Four‑unit property with 3,568 square feet on 0.1791 acres
- Three of four units have been renovated
- Private fenced backyard included with each unit
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
$30,839
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
7.91%
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%
$616,780
$616.8K
Cap Rate 7%
$440,557
$440.6K
Cap Rate 9%
$342,656
$342.7K
Market Conditions
NOI Build-Up for 3,568 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
$47.1K $13.20/SF
− Vacancy
−$3.0K −$0.85/SF
EGI
$44.1K $12.35/SF
− OpEx
−$13.2K −$3.70/SF
NOI
$30.8K $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%
$616,780
Cap Rate 7%
$440,557
Cap Rate 9%
$342,656
Alternative Uses
Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$407.6K
$356.7K – $475.5K
NOI $28,532 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K
NOI $59,990 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three of the four units are renovated, and every residence includes a private fenced backyard.
Where is this quadplex located?
The property is located at 4305 Shawn Drive Killeen, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑unit property with 3,568 square feet on 0.1791 acres; Three of four units have been renovated; Private fenced backyard included with each unit
