Four-Unit
For Sale
$325,000
1112 Eastside Drive, Killeen, TX 76543
Residential income property with four similarly configured units and on-site parking near everyday services.
Property Size3,420 SF
Price / SF$95.03
Days on Market47
Property Features for 1112 Eastside Drive
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Morine Empire Realty
(469) 629-9910
Listed By:
Naomi Greenlee · License #0715332
(817) 724-8555
Source:
Lonestarluxuryrealty
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 8:01AM
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 Morine Empire Realty
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Investment Insights
Based on property information with market context.
This 3,420-square-foot quadplex contains four residential units, each arranged with two bedrooms, one bathroom, and connected living and dining areas. Kitchens are included in every unit, and the property was built in 1983. On-site parking serves residents and guests.
The property is located near schools, shopping centers, and dining options in Killeen. Its four-unit configuration provides separate residential spaces within one multifamily asset, with consistent layouts across the building.
The property is located near schools, shopping centers, and dining options in Killeen. Its four-unit configuration provides separate residential spaces within one multifamily asset, with consistent layouts across the building.
Key Highlights
- 3,420‑square‑foot quadplex with four residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Open living and dining areas in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,559
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,180
$591.2K
Cap Rate 7%
$422,271
$422.3K
Cap Rate 9%
$328,433
$328.4K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$45.1K $13.20/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$42.2K $12.35/SF
− OpEx
−$12.7K −$3.70/SF
NOI
$29.6K $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%
$591,180
Cap Rate 7%
$422,271
Cap Rate 9%
$328,433
Alternative Uses
Best Use
Multifamily LT 5
$422.3K
$369.5K – $492.7K
NOI $29,559 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$390.7K
$341.9K – $455.8K
NOI $27,348 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$821.5K
$718.8K – $958.4K
NOI $57,502 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with four similarly configured units and on-site parking near everyday services.
Where is this quadplex located?
The property is located at 1112 Eastside Drive Killeen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,420‑square‑foot quadplex with four residential units; Each unit includes 2 bedrooms and 1 bathroom; Open living and dining areas in each unit
