6-Unit Apartment
For Sale
$275,000
1016 N 12TH KILLEEN TX 76541, Killeen, TX 76541
Six one-bedroom, one-bath residences form an operating multifamily property in Killeen.
Property Size3,000 SF
Price / SF$91.67
Days on Market197
Property Features for 1016 N 12TH KILLEEN TX 76541
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Apartment
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Building Details
Year Built
1974
Stories
2
Listing Agency:
Entire Real Estate
(254) 613-1099
Listed By:
Cynthia Ross · License #0597654
(512) 869-9953
Source:
Kwsanantonio
Added: Apr 7
Changed: Oct 3
Last Checked: Oct 16 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Entire Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property contains six rental residences, with each unit configured as one bedroom and one bathroom. The building dates to 1974 and is described as a fully operating rental property with tenants in place. Current rents are identified as below market in the property information.
Recent capital improvements include a new roof and new window units completed in 2024. The property is located at 1016 N 12th Street in Killeen, Texas, providing a defined six-unit configuration for multifamily ownership and operation.
Recent capital improvements include a new roof and new window units completed in 2024. The property is located at 1016 N 12th Street in Killeen, Texas, providing a defined six-unit configuration for multifamily ownership and operation.
Key Highlights
- Six‑unit apartment property with six one‑bedroom, one‑bath units
- New roof completed in 2024
- New window units installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,990
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,800
$479.8K
Cap Rate 7%
$342,714
$342.7K
Cap Rate 9%
$266,556
$266.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$46.8K $15.60/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$43.6K $14.54/SF
− OpEx
−$19.6K −$6.54/SF
NOI
$24.0K $8.00/SF
Area
Killeen, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,800
Cap Rate 7%
$342,714
Cap Rate 9%
$266,556
Alternative Uses
Best Use
Apartment 5plus
$342.7K
$299.9K – $399.8K
NOI $23,990 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom, one-bath residences form an operating multifamily property in Killeen.
Where is this apartment building located?
The property is located at 1016 N 12TH KILLEEN TX 76541 Killeen, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Six‑unit apartment property with six one‑bedroom, one‑bath units; New roof completed in 2024; New window units installed in 2024
