Brick Fourplex with In-Unit Laundry
For Sale
$340,000
1709 Cedarhill Drive, Killeen, TX 76543
Four two-bedroom residences include equipped kitchens with dining areas and dedicated laundry closets.
Property Size3,180 SF
Price / SF$106.92
Days on Market11
Property Features for 1709 Cedarhill Drive
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
Ceiling Fan(s)
Eat-in Kitchen
Building Details
Building Size
3,180 SF
Year Built
1995
Units
4
Construction
brick
Listing Agency:
Lone Star Realty & Property Ma
(254) 699-7003
Listed By:
Karen Doerbaum · License #0386068
(254) 290-0718
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 29 at 6:38PM
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 Lone Star Realty & Property Ma
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Investment Insights
Based on property information with market context.
This 1995 brick fourplex contains four residences, each with 2 bedrooms, 1 bathroom, and approximately 795 square feet. Living rooms have ceiling fans, while kitchens include dining areas, double sinks, dishwashers, stoves, refrigerators, and cabinet and countertop storage. A window brings natural light into each kitchen, and every unit has a laundry closet with washer and dryer connections.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Approximately 795 square feet per unit
- Brick construction; built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,485
Cap Rate
8.08%
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 8.08%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include equipped kitchens with dining areas and dedicated laundry closets.
Where is this quadplex located?
The property is located at 1709 Cedarhill Drive Killeen, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Approximately 795 square feet per unit; Brick construction; built in 1995
