Fourplex on Corner
For Sale
$330,000
1501 Benttree Drive, Killeen, TX 76543
Two of the four apartments are vacant, and the interiors have no carpet.
Property Size3,180 SF
Price / SF$103.77
Days on Market63
Property Features for 1501 Benttree Drive
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Amenities
Curbs, Sidewalks
Ceiling Fan(s), Central Air
Central, Electric
Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Oven, Refrigerator, Range
Ceiling Fan(s)
Building Details
Year Built
1997
Stories
2
Listing Agency:
Hippo Realty, LLC
Listed By:
Brooke Daniel · License #0621645
(214) 232-6840
Source:
Evrealestate
Added: Aug 12
Changed: Sep 28
Last Checked: Oct 12 at 7:44PM
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 Hippo Realty, LLC
Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1997 and sits on a corner lot. Two apartments are vacant. Interior features include central air, ceiling fans, and a kitchen appliance package with a dishwasher, electric range, oven, refrigerator, microwave, disposal, and electric water heater. The units have no carpet.
Key Highlights
- Four‑unit residential property
- Two apartments are vacant
- Corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,485
Cap Rate
8.33%
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 8.33%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
165
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
Check the figures for this property
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 - Two of the four apartments are vacant, and the interiors have no carpet.
Where is this quadplex located?
The property is located at 1501 Benttree Drive Killeen, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Four‑unit residential property; Two apartments are vacant; Corner lot
