Multifamily Property with Central
For Sale
$269,550
Pending
2105 Robert E Lee Drive, Killeen, TX 76543
Built in 1979, the property includes electric central heating and cooling, kitchen appliances, and a walk-in closet.
Property Size1,952 SF
Days on Market180
Property Features for 2105 Robert E Lee Drive
General Information
Standard status
Pending
Size
1,952 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,580
Amenities
Central Air, Electric
Central, Electric
Oven, Refrigerator
Walk-In Closet(s)
Wood
Traditional
Building Details
Year Built
1979
Stories
1
Listing Agency:
Real.
Listed By:
Reganne Queen · License #0782006
(315) 804-0180
Source:
Evrealestate
Added: Mar 7
Changed: Sep 2
Last Checked: Sep 1 at 4:59PM
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 Real.
Investment Insights
Based on property information with market context.
This multifamily property at 2105 Robert E Lee Drive in Killeen features a traditional wood exterior and was built in 1979. Interior amenities include electric central air conditioning, central electric heat, an oven, a refrigerator, and a walk-in closet.
The property is located in Bell County, with access from Robert E Lee Drive via W S Young Drive and Massey Street. The available property information identifies no additional exterior features.
The property is located in Bell County, with access from Robert E Lee Drive via W S Young Drive and Massey Street. The available property information identifies no additional exterior features.
Key Highlights
- Multifamily property at 2105 Robert E Lee Drive, Killeen, TX 76543
- Built in 1979
- Electric central air conditioning and central electric heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,180
$312.2K
Cap Rate 7%
$222,986
$223.0K
Cap Rate 9%
$173,433
$173.4K
Market Conditions
NOI Build-Up for 1,952 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.5K $15.60/SF
− Vacancy
−$2.1K −$1.06/SF
EGI
$28.4K $14.54/SF
− OpEx
−$12.8K −$6.54/SF
NOI
$15.6K $8.00/SF
Area
Killeen, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$312,180
Cap Rate 7%
$222,986
Cap Rate 9%
$173,433
Alternative Uses
Best Use
Apartment 5plus
$223.0K
$195.1K – $260.2K
NOI $15,609 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1979, the property includes electric central heating and cooling, kitchen appliances, and a walk-in closet.
Where is this multifamily property located?
The property is located at 2105 Robert E Lee Drive Killeen, TX.
What is the asking price?
The asking price for this property is $269,550.
What are key features of this property?
This property features: Multifamily property at 2105 Robert E Lee Drive, Killeen, TX 76543; Built in 1979; Electric central air conditioning and central electric heat
