Value-Add Multifamily Apartment
For Sale
Contact for pricing
306 N Gilmer St, Killeen, TX 76541
Multifamily building with recent foundation repairs and over half of AC units refurbished or replaced.
Property SizeContact for details
Days on Market116
Property Features for 306 N Gilmer St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Commercial Market Exchange
(512) 774-9520
Listed By:
Jennifer Varelli, CCIM · License #TX 0605537
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 23 at 11:45AM
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Investment Insights
Based on property information with market context.
This multifamily apartment building offers a value-add approach with an existing lease structure that includes a 30-day termination clause. The property includes documentation covering unit renovation opportunities and a rent roll with market-rate comparisons.
Significant capital improvements have been completed within the last 24 months, including foundation repairs, updated electrical panels, and refurbishments or replacements for more than half of the AC units. Interior updates include new flooring in 18 units and some new appliances installed throughout.
The asset is located in Killeen, positioned between Austin and Waco along Interstate 35, supported by ongoing rental growth referenced in the public remarks.
Significant capital improvements have been completed within the last 24 months, including foundation repairs, updated electrical panels, and refurbishments or replacements for more than half of the AC units. Interior updates include new flooring in 18 units and some new appliances installed throughout.
The asset is located in Killeen, positioned between Austin and Waco along Interstate 35, supported by ongoing rental growth referenced in the public remarks.
Key Highlights
- Multifamily with value‑add focus: all leases include a 30‑day termination clause for renovations and rent resets to market.
- Major capital improvements completed in the last 24 months: foundation repairs and updated most electrical panels.
- Over half the AC units have been refurbished or replaced.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
745
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily building with recent foundation repairs and over half of AC units refurbished or replaced.
Where is this apartment building located?
The property is located at 306 N Gilmer St Killeen, TX.
What are key features of this property?
This property features: Multifamily with value‑add focus: all leases include a 30‑day termination clause for renovations and rent resets to market.; Major capital improvements completed in the last 24 months: foundation repairs and updated most electrical panels.; Over half the AC units have been refurbished or replaced.
