Updated Fourplex with Washer
For Sale
$365,000
1113 Horizon Drive, Killeen, TX 76549
Four two-bedroom residences include private laundry hookups, ceiling fans, and access to recent interior and exterior improvements.
Property Size3,180 SF
Price / SF$114.78
Days on Market228
Property Features for 1113 Horizon Drive
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Residential / Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,841
Amenities
ceiling fans
in-unit washer/dryer connections
Two
Carpet, CeramicTile
No
Dishwasher, ElectricRange, Refrigerator
LaundryCloset, LaundryRoom
WalkInClosets, BreakfastArea
Composition, Shingle
Partial
Slab
Building Details
Year Built
1997
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Nw
Listed By:
Fernand Tolentino · License #0530396
(512) 669-9000
Source:
Compass
Added: Mar 13
Changed: Oct 25
Last Checked: Oct 26 at 7:09PM
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 Keller Williams Realty Nw
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Investment Insights
Based on property information with market context.
This 3,180 SF fourplex, built in 1997, contains four residences with two bedrooms and one bathroom per unit. Each unit includes ceiling fans and washer and dryer connections. Property improvements include a roof replacement completed in 2022, heavy-duty LVP flooring, fresh paint, some new appliances, and one new HVAC unit.
The property is located at 1113 Horizon Drive in Killeen, with H-E-B grocery store a one-minute walk away. Walmart, Chili’s, Applebee’s, Willow Springs Elementary, Palo Alto Middle, Shoemaker High, Lions Club Park, and Long Branch Park are also identified nearby. The fourplex has been continuously rented since 2021 and is positioned near Fort Hood.
The property is located at 1113 Horizon Drive in Killeen, with H-E-B grocery store a one-minute walk away. Walmart, Chili’s, Applebee’s, Willow Springs Elementary, Palo Alto Middle, Shoemaker High, Lions Club Park, and Long Branch Park are also identified nearby. The fourplex has been continuously rented since 2021 and is positioned near Fort Hood.
Key Highlights
- 3,180 SF fourplex with four 2‑bedroom, 1‑bath units
- Roof replaced in 2022
- Heavy‑duty LVP flooring, fresh paint, and some new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,485
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,700
$549.7K
Cap Rate 7%
$392,643
$392.6K
Cap Rate 9%
$305,389
$305.4K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$42.0K $13.20/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$39.3K $12.35/SF
− OpEx
−$11.8K −$3.70/SF
NOI
$27.5K $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%
$549,700
Cap Rate 7%
$392,643
Cap Rate 9%
$305,389
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.6K – $458.1K
NOI $27,485 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
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Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
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 - Four two-bedroom residences include private laundry hookups, ceiling fans, and access to recent interior and exterior improvements.
Where is this quadplex located?
The property is located at 1113 Horizon Drive Killeen, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 3,180 SF fourplex with four 2‑bedroom, 1‑bath units; Roof replaced in 2022; Heavy‑duty LVP flooring, fresh paint, and some new appliances
