Updated Four-Unit Multifamily
For Sale
$339,999
Pending
805 Sissom Rd, Killeen, TX 76541
Renovated quadplex near Fort Hood with modern finishes.
Property Size3,550 SF
Days on Market144
Property Features for 805 Sissom Rd
General Information
Standard status
Pending
Size
3,550 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,160
Building Details
Building Size
3,550 SF
Year Built
1953
Stories
2
Units
4
Listed By:
Michelle Perez
(512) 751-1194
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Sep 13 at 6:18AM
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 Michelle Perez
Investment Insights
Based on property information with market context.
This updated and renovated four-unit property features modern finishes throughout. Each unit includes 2 bedrooms and 1 bath. The interiors are redesigned with marble-faced electric fireplaces. The bathrooms feature lighted anti-fog mirrors, marble-surrounded tubs, illuminated shampoo niches, lighted body-sprayer shower heads, built-in lighted storage shelving, and marbled wall finishes. The kitchens include granite countertops, tile backsplashes, built-in microwaves, and newer-model appliances. All but one unit features fully tiled flooring. Each unit is equipped with its own refrigerator, washer, and dryer, all of which convey with the property. The property is located minutes from the Fort Hood gate. The property is suitable for investors and owner-occupants. The bike score is 51, indicating it is bikeable. The walk score is 68, indicating it is somewhat walkable. The rental income is $3263 a month.
Key Highlights
- Rental income of $3263 per month with great cash flow.
- Four updated and renovated units, each with 2 bedrooms and 1 bath.
- Upscale, modern finishes throughout, including marble‑faced electric fireplaces and upgraded bathrooms with lighted anti‑fog mirrors and body‑sprayer shower heads.**
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
$30,683
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
9.02%
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%
$613,660
$613.7K
Cap Rate 7%
$438,329
$438.3K
Cap Rate 9%
$340,922
$340.9K
Market Conditions
NOI Build-Up for 3,550 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
$46.9K $13.20/SF
− Vacancy
−$3.0K −$0.85/SF
EGI
$43.8K $12.35/SF
− OpEx
−$13.1K −$3.70/SF
NOI
$30.7K $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%
$613,660
Cap Rate 7%
$438,329
Cap Rate 9%
$340,922
Alternative Uses
Best Use
Multifamily LT 5
$438.3K
$383.5K – $511.4K
NOI $30,683 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$405.5K
$354.9K – $473.1K
NOI $28,388 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$852.7K
$746.1K – $994.8K
NOI $59,688 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
575
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Renovated quadplex near Fort Hood with modern finishes.
Where is this quadplex located?
The property is located at 805 Sissom Rd Killeen, TX.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Rental income of $3263 per month with great cash flow.; Four updated and renovated units, each with 2 bedrooms and 1 bath.; Upscale, modern finishes throughout, including marble‑faced electric fireplaces and upgraded bathrooms with lighted anti‑fog mirrors and body‑sprayer shower heads.**
