Well-Maintained Quadplex with Four
5701 Redstone Drive, Killeen, TX 76543
MULTI_FAMILY - Other - Killeen, TX
Property size:
3,528 SFLot size:
0.23 AcresPrice / SF:
$96/SF- Added:
- May 14, 2026
- Days on Market:
- 45
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 5701 Redstone Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 6, Bathroom 6, Bathroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 8, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 7
- Appliances
- Dryer, Dishwasher, ElectricRange, Washer, SomeElectricAppliances, Range
- Standard status
- Active
- APN
- 232544
- Size
- 3,528 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SUNSHADOW COVE PHASE THREE, BLOCK 003, LOT 0014
- Tax Annual Amount
- 6353
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- BrickVeneer
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Maria Barrientos License #0744367 (254) 466-7103
Listing office Keller Williams Realty, Waco 3701 W Waco Dr, TX (254) 751-7900
Listing date May 14, 2026
MLS# 612479
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
- Well‑maintained quadplex built in 2002 with brick veneer construction and composition shingle roof
- 4 units total, each with approximately 882 sqft, offering 2 bedrooms and 1.5 bathrooms
- Open living areas with breakfast bars and functional floor plans across the units
- Central heat and central air for the property
- Appliances listed include washer/dryer hookups and a range, dishwasher, and dryer
- Public water service and convenient on‑site parking
Overview
This well-maintained quadplex, built in 2002, offers four residential units under one roof. Each unit features an open living area with breakfast bar, along with washer/dryer hookups. Interior finishes include a combination of tile, vinyl, and carpet flooring, supporting comfortable everyday use across the property. The building is finished with brick veneer construction and has a composition roof, with convenient parking available for residents.
The property is located in the established Sunshadow Cove neighborhood in Killeen, TX, at 5701 Redstone Drive. It is positioned just minutes from Fort Cavazos, shopping, dining, schools, and major roadways, which can help support day-to-day tenant convenience. Occupied units are available for viewing during the option period.
For investors and buyers seeking a small multifamily asset, this quadplex provides four separate, income-producing units in a consistent configuration. With each unit offering 2 bedrooms and 1.5 bathrooms, along with functional floor plans and in-unit laundry hookups, the layout is straightforward to lease and operate. The combination of durable exterior materials and manageable unit amenities is designed to support long-term residential use.
The property is located in the established Sunshadow Cove neighborhood in Killeen, TX, at 5701 Redstone Drive. It is positioned just minutes from Fort Cavazos, shopping, dining, schools, and major roadways, which can help support day-to-day tenant convenience. Occupied units are available for viewing during the option period.
For investors and buyers seeking a small multifamily asset, this quadplex provides four separate, income-producing units in a consistent configuration. With each unit offering 2 bedrooms and 1.5 bathrooms, along with functional floor plans and in-unit laundry hookups, the layout is straightforward to lease and operate. The combination of durable exterior materials and manageable unit amenities is designed to support long-term residential use.
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 | $46.6k | $13.20 |
| − Vacancy | −$3.0k | −$0.85 |
| EGI | $43.6k | $12.35 |
| − OpEx | −$13.1k | −$3.70 |
| NOI | $30.5k | $8.64 |
3,528 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.2K – $508.2K
NOI $30,493 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$403.0K
$352.7K – $470.2K
NOI $28,212 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$847.4K
$741.5K – $988.6K
NOI $59,318 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
L&S Open Hands ...
Home Health Care Service
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.663933
- Latitude
- 31.118743
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit quadplex built in 2002 with practical layouts, 2 bed/1.5 bath units, and parking on a brick-veneered exterior.
Where is this quadplex located?
The property is located at 5701 Redstone Drive Killeen, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Well‑maintained quadplex built in 2002 with brick veneer construction and composition shingle roof; 4 units total, each with approximately 882 sqft, offering 2 bedrooms and 1.5 bathrooms; Open living areas with breakfast bars and functional floor plans across the units
