Four-Unit Brick
New
For Sale
$325,000
1112 Eastside Drive, Killeen, TX 76543
ResidentialIncome, Killeen, TX
Property Size3,420 SF
Lot Size0.19 Acres
Price / SF$95.03
Days on Market4
Property Features for 1112 Eastside Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Parking
8
Interior features
HighSpeedInternet, Pantry
Appliances
Dryer, Dishwasher, Disposal, GasOven
Subdivision
Longbranch Sec I Rep L
Elementary school
Killeen
Middle school
Rancier,Brookhaven
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Take I-14 (US-190) toward Killeen, exit E Rancier Ave (FM 439) head east on E. Rancier Ave turn onto eastside dr, continue to 1112 Eastside dr
Standard status
Active
APN
70122
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
LONGBRANCH SECTION I REPLAT (LTS 1-2 BLK 1),
Legal Description
LONGBRANCH SECTION I REPLAT (LTS 1-2 BLK 1),
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Morine Empire Realty
(469) 629-9910
Listed By:
Naomi Greenlee · License #0715332
(817) 724-8555
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 11:06PM
MLS# 21383399
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 3,420-square-foot quadplex contains four residential units, each arranged with 2 bedrooms and 1 bathroom. The interiors include open living and dining areas, kitchens with pantry storage, tile flooring, central electric heating and cooling, and high-speed internet capability. Appliances include gas ovens, dishwashers, disposals, and dryers. Brick construction, an asphalt roof, and a 1983 construction date further define the property.
The property occupies 0.186 acres at 1112 Eastside Drive in Killeen, Texas. Residents have access to on-site parking, public water, and public sewer. The location is described as being near schools, shopping centers, and dining options, while the residential layout supports continued multifamily use.
The property occupies 0.186 acres at 1112 Eastside Drive in Killeen, Texas. Residents have access to on-site parking, public water, and public sewer. The location is described as being near schools, shopping centers, and dining options, while the residential layout supports continued multifamily use.
Key Highlights
- 3,420‑square‑foot quadplex with four residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Brick construction completed in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential units feature two-bedroom, one-bath layouts with open living and dining areas.
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; Brick construction completed in 1983
