Four-Unit
For Sale
$225,000
1105 Parmer Avenue, Killeen, TX 76541
Residential, Killeen, TX
Property Size2,320 SF
Lot Size0.13 Acres
Price / SF$96.98
Days on Market90
Property Features for 1105 Parmer Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Interior features
KitchenDiningCombo
Appliances
ElectricRange, Oven, Refrigerator
Subdivision
Parmer
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
US-190 E Bus, Killeen, TX 76541 Leave from W Veterans Memorial Blvd/US-190 Bus E 0.5 mi, about 2 min Turn left onto N 10th St 0.4 mi, about 1 min Turn right onto Parmer Ave 0.3 mi, about 2 min You have arrived at Parmer Ave B 1105 Parmer Ave, Killeen, TX 76541
Standard status
Active
APN
48446
Size
2,320 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
PARMER, BLOCK 007, LOT 0054
Tax Annual Amount
6073
Legal Description
PARMER, BLOCK 007, LOT 0054
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate
Building materials
Brick
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Armadillo Properties
(254) 547-0505
Listed By:
Denise Zehr · License #0417966
(254) 681-0282
Added: Jul 16
Changed: Sep 15
Last Checked: Oct 13 at 5:06AM
MLS# 619862
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 2,320-square-foot quadplex contains four separate one-bedroom, one-bath residences. Built in 1978, the property uses brick construction, composition and shingle roofing, central heating, and central air conditioning. Interior finishes include carpet and laminate flooring, while each residence includes a kitchen-dining combination with an electric range, oven, and refrigerator. Public water and public sewer serve the property.
The property is located at 1105 Parmer Avenue in Killeen, Texas, approximately 12 minutes from Fort Hood. Restaurants, fast-food establishments, shopping centers, grocery stores, and other daily services are identified within a 5-mile radius. The 0.1328-acre site provides a compact setting for the four-residence configuration.
The property is located at 1105 Parmer Avenue in Killeen, Texas, approximately 12 minutes from Fort Hood. Restaurants, fast-food establishments, shopping centers, grocery stores, and other daily services are identified within a 5-mile radius. The 0.1328-acre site provides a compact setting for the four-residence configuration.
Key Highlights
- Four 1‑bedroom, 1‑bath units within a 2,320‑square‑foot quadplex
- Built in 1978 on a 0.1328‑acre site
- Brick construction with composition and shingle roofing
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
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick construction, central heating and cooling, and efficient one-bedroom layouts define this multifamily property.
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 1‑bedroom, 1‑bath units within a 2,320‑square‑foot quadplex; Built in 1978 on a 0.1328‑acre site; Brick construction with composition and shingle roofing
