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Remodeled Four-Plex Investment Opportunity

4305 Shawn Drive Killeen, TX 76542

Claim this Listing
For Sale
$395,000

MULTI_FAMILY - Killeen, TX

Property size:
3,568 SF
Lot size:
0.18 Acres
Price / SF:
$110.71/SF
Added:
Mar 2, 2026
Days on Market:
134
Last Refresh:
Jul 14 at 9:06 am

Property Features for 4305 Shawn Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Rooms
Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 5, Bathroom 8, Bedroom 4, Bedroom 2, Bathroom 6, Bedroom 6, Bedroom 5, Bathroom 7, Bathroom 1, Bedroom 3, Bedroom 8
Interior features
CeilingFans
Appliances
Dishwasher, ElectricRange, Refrigerator, Range
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

Utilities

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

Building Details

Year built
1997
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate
Building materials
BrickVeneer, LapSiding
Roof type
Shingle, Composition

Listing agent Steven Darden License #0477241

Listing office Soldiers of Real Estate 4000 Bacon Ranch Road, TX

Listing date Mar 2, 2026

MLS# 605901 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.


Investment Insights

Based on property information with market context.

This completely remodeled four-plex presents a fantastic investment opportunity in a prime location adjacent to Hallmark Bowling Alley, with convenient access to shopping, dining, and First Heroes National Bank. Three of the four units have been completely renovated. The property offers an excellent opportunity for both owner-occupants and investors. Living in one unit allows for rental income from the other three to help offset mortgage payments. The well-maintained four-plex has a strong rental history and is professionally managed by Soldiers of Real Estate LLC. Each unit features a private fenced backyard. The property size is 3568 square feet, situated on a lot of 0.1791 acres. A new roof was installed in October 2025, offering long-term value, durability, and reduced maintenance concerns.

Key Highlights

  • Completely remodeled 4‑plex (built 1997) with a mix of unit spaces and income potential for owner‑occupants and investors
  • Three of the four units have been completely renovated
  • Each unit includes a private fenced backyard

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 $47.1k $13.20
− Vacancy −$3.0k −$0.85
EGI $44.1k $12.35
− OpEx −$13.2k −$3.70
NOI $30.8k $8.64
3,568 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K (±1% cap)
NOI $30,839 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$407.6K
$356.7K – $475.5K (±1% cap)
NOI $28,532 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K (±1% cap)
NOI $59,990 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Garden Center Electrical Service Locksmith Carpet & Flooring Store HVAC Service

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

FAQs

What type of property is this?
Quadplex - Completely remodeled four-plex with strong rental history in Killeen.
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 $395,000.
What are key features of this property?
This property features: Completely remodeled 4‑plex (built 1997) with a mix of unit spaces and income potential for owner‑occupants and investors; Three of the four units have been completely renovated; Each unit includes a private fenced backyard
Contact an agent
More about this property
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