Four-Unit Apartment
New
For Sale
$345,000
1704 Cedarhill Drive, Killeen, TX 76543
Residential, Killeen, TX
Property Size3,360 SF
Lot Size0.26 Acres
Price / SF$102.68
Days on Market3
Property Features for 1704 Cedarhill Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
Subdivision
Evening Hollow 3rd Ext
Lot features
City Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From fort hood drive east on Rancier and turn left on cedarhill
Standard status
Active
APN
94903
Size
3,360 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
EVENING HOLLOW 3RD EXTENSION, BLOCK 015, LOT 0010
Tax Annual Amount
6002
Legal Description
EVENING HOLLOW 3RD EXTENSION, BLOCK 015, LOT 0010
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Roof type
Composition, Shingle
Listing Agency:
Central Metro Realty, LLC
(512) 249-7368
Listed By:
Idan G. Zur · License #0700334
(505) 480-3401
Added: Oct 11
Last Checked: Oct 13 at 5:06AM
MLS# 627514
Copyright © 2026 Central Texas Multiple Listing Service. 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 1985 fourplex at 1704 Cedarhill Drive in Killeen contains 3,360 square feet across four two-bedroom, one-bathroom residences. Three units are occupied under leases running through May, June, and August 2027; the fourth is vacant. Central heating and air conditioning serve the building, and the units include dishwashers, electric ranges, electric water heaters, and refrigerators.
The property occupies a 0.2559-acre lot and is connected to public water and public sewer. The landlord pays for water and trash service.
The property occupies a 0.2559-acre lot and is connected to public water and public sewer. The landlord pays for water and trash service.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- 3,360 square feet in a 1985‑built property
- Three occupied units have leases expiring in 05/2027, 06/2027, and 08/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,041
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,820
$580.8K
Cap Rate 7%
$414,871
$414.9K
Cap Rate 9%
$322,678
$322.7K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$44.4K $13.20/SF
− Vacancy
−$2.9K −$0.85/SF
EGI
$41.5K $12.35/SF
− OpEx
−$12.4K −$3.70/SF
NOI
$29.0K $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%
$580,820
Cap Rate 7%
$414,871
Cap Rate 9%
$322,678
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.0K – $484.0K
NOI $29,041 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$383.8K
$335.9K – $447.8K
NOI $26,868 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$807.0K
$706.2K – $941.6K
NOI $56,493 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
154
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bathroom, with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1704 Cedarhill Drive Killeen, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 1 bathroom; 3,360 square feet in a 1985‑built property; Three occupied units have leases expiring in 05/2027, 06/2027, and 08/2027
