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    Turnkey Income-Producing Multifamily Property Title is generated by Realmo AI

    4400 Lake, Killeen, TX 76543

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    Claim this Listing
    For Sale
    $509,000

    MULTI_FAMILY - Killeen, TX

    Property size:
    5,288 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $96/SF
    Added:
    Feb 24, 2026
    Days on Market:
    111
    Last Refresh:
    Jun 15 at 3:06 am

    Property Features for 4400 Lake

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    5,288 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5898

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    R. Carlos Gonzalez

    Listing agent R. Carlos Gonzalez

    Listing office Prime Realty 84 NE Loop 410 Suite 126, San Antonio, TX

    Listing date Feb 24, 2026

    MLS# 1928600 Listing URL

    Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 100% Occupied: Immediate income stream upon purchase.
    • Turnkey Property: Ready for immediate operation without required renovations.
    • Income Producing: Generates $4,825 monthly.
    • 8 Units: Consists of eight individual rental units.
    • Central HVAC: Each unit equipped with central heating and air conditioning.
    • Low Expenses: Attractive due to minimized operational costs.

    Overview

    This is a turnkey, income-producing multifamily property located in Killeen, Texas. The property is 100% occupied and features 8 units, each with 1 bedroom and 1 bathroom, and central HVAC. The layout includes 4 units upstairs and 4 units downstairs. The property generates a monthly income of $4,825. The lot size is 0.21 acres and the property size is 5,288 square feet. Rents start at $600.

    Local Financial Insights For Apartment 5plus

    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 $82.5k $15.60
    − Vacancy −$5.6k −$1.06
    EGI $76.9k $14.54
    − OpEx −$34.6k −$6.54
    NOI $42.3k $8.00
    5,288 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $604.1K
    $528.6K – $704.8K (±1% cap)
    NOI $42,286 @ 7.0% cap · market cap 8.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.27M
    $1.11M – $1.48M (±1% cap)
    NOI $88,909 @ 7.0% cap · market cap 17.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aparments for rent Apartment Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Killeen
    County
    Bell
    State
    Texas
    Longitude
    -97.680566
    Latitude
    31.118868

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 8-unit multifamily property in Killeen, Texas.
    Where is this apartment building located?
    The property is located at 4400 Lake Killeen, TX.
    What is the asking price?
    The asking price for this property is $509,000.
    What are key features of this property?
    This property features: 100% Occupied: Immediate income stream upon purchase.; Turnkey Property: Ready for immediate operation without required renovations.; Income Producing: Generates $4,825 monthly.
    (210) 692-9300
    We can help!
    Listing Contact
    R. Carlos Gonzalez
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