Four-Unit
For Sale
$225,000
1105 Parmer Avenue, Killeen, TX 76541
Each apartment has a separate one-bedroom, one-bathroom layout.
Property Size2,320 SF
Price / SF$96.98
Days on Market11
Property Features for 1105 Parmer Avenue
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
Kitchen/Dining Combo
Building Details
Building Size
2,320 SF
Year Built
1978
Units
4
Listing Agency:
Armadillo Properties
(254) 547-0505
Listed By:
Denise Zehr · License #0417966
(254) 681-0282
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 29 at 4:59PM
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 Armadillo Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1105 Parmer Avenue in Killeen, this quadplex contains four apartments with one bedroom and one bathroom apiece. The building totals 2,320 square feet and dates to 1978, offering a defined four-unit residential configuration.
Fort Hood is approximately 12 minutes away. Restaurants, quick-service food, shopping centers, grocery stores, and other everyday services are available within a 5-mile radius.
Fort Hood is approximately 12 minutes away. Restaurants, quick-service food, shopping centers, grocery stores, and other everyday services are available within a 5-mile radius.
Key Highlights
- Four apartments, each with 1 bedroom and 1 bathroom
- 2,320 square feet of building area
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,052
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,040
$401.0K
Cap Rate 7%
$286,457
$286.5K
Cap Rate 9%
$222,800
$222.8K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$30.6K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$28.6K $12.35/SF
− OpEx
−$8.6K −$3.70/SF
NOI
$20.1K $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 Rate 5%
$401,040
Cap Rate 7%
$286,457
Cap Rate 9%
$222,800
Alternative Uses
Best Use
Multifamily LT 5
$286.5K
$250.7K – $334.2K
NOI $20,052 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$265.0K
$231.9K – $309.2K
NOI $18,552 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$557.2K
$487.6K – $650.1K
NOI $39,007 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,161
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has a separate one-bedroom, one-bathroom layout.
Where is this quadplex located?
The property is located at 1105 Parmer Avenue Killeen, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four apartments, each with 1 bedroom and 1 bathroom; 2,320 square feet of building area; Built in 1978
