Four-Unit Residential
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 Market27
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
Additional Details
Tenant in Place
Yes
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
Buildings
1
Listing Agency:
Central Metro Realty, LLC
(512) 249-7368
Listed By:
Idan G. Zur · License #0700334
(505) 480-3401
Added: Oct 11
Changed: Nov 5
Last Checked: Nov 6 at 8:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1704 Cedarhill Drive in Killeen, this 1985-built residential property contains four units, each with a two-bedroom, one-bathroom layout. The 3,360-square-foot building sits on a 0.2559-acre lot. One unit is vacant, while three have leases extending to dates in 2027.
Central heating and air conditioning serve the property. The units are equipped with dishwashers, electric ranges, electric water heaters, and refrigerators. Public water and sewer service the site, and the roof is composition shingle.
Central heating and air conditioning serve the property. The units are equipped with dishwashers, electric ranges, electric water heaters, and refrigerators. Public water and sewer service the site, and the roof is composition shingle.
Key Highlights
- Four residential units, each with two bedrooms and one bathroom
- 3,360 square feet on a 0.2559‑acre lot
- One unit vacant; three occupied under leases with expiration dates in 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
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bathroom; one unit is vacant.
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 residential units, each with two bedrooms and one bathroom; 3,360 square feet on a 0.2559‑acre lot; One unit vacant; three occupied under leases with expiration dates in 2027
