26-Unit Multifamily Apartment
228 Hold St Killeen, TX 76541
228 Hold St, Killeen, TX, 76541
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For Sale
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Well-maintained 26-unit multifamily property offered as 100% occupied near Fort Hood.
Property Size14,620 SF
Price / SF$90.63
Days on Market100
Property Features for 228 Hold St
General Information
- Standard status
- Active
- Size
- 14,620 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
Matthews
(214) 663-4236
Listed by
Kevin Diener · License #699130
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 6:33PM Checked: Jul 22 at 6:33PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building consists of 26 units and is currently 100% occupied. The offering is positioned as a value-add opportunity through renovations, with potential for rent increases as part of the stated strategy.
The property is located in Killeen, Texas, near Fort Hood, which is cited as supporting tenant demand.
For investors and owner-operators evaluating existing income with renovation-led upside, this 26-unit building provides a straightforward multifamily platform with current occupancy in place.
The property is located in Killeen, Texas, near Fort Hood, which is cited as supporting tenant demand.
For investors and owner-operators evaluating existing income with renovation-led upside, this 26-unit building provides a straightforward multifamily platform with current occupancy in place.
Key Highlights
- 26‑unit multifamily property built in 1970
- Offered at $1,325,000, or $90.63/SF and $50,962 per unit
- 10.2% cap rate financing snapshot provided in remarks
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.1k | $15.60 |
| − Vacancy | −$15.5k | −$1.06 |
| EGI | $212.6k | $14.54 |
| − OpEx | −$95.7k | −$6.54 |
| NOI | $116.9k | $8.00 |
14,620 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,910 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,812 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 26-unit multifamily property offered as 100% occupied near Fort Hood.
Where is this apartment building located?
The property is located at 228 Hold St Killeen, TX.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 26‑unit multifamily property built in 1970; Offered at $1,325,000, or $90.63/SF and $50,962 per unit; 10.2% cap rate financing snapshot provided in remarks
