Renovated 4-Unit
For Sale
$509,900
3802 Gus Drive, Killeen, TX 76549
Updated interiors and one vacant apartment offer flexibility alongside three occupied residences.
Property Size3,544 SF
Price / SF$143.88
Days on Market9
Property Features for 3802 Gus Drive
General Information
Standard status
Active
Size
3,544 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Amenities
Built-in Features
Ceiling Fan(s)
Quartz Counters
Solid Surface Counters
Tub Shower
Custom Cabinets
Granite Counters
Kitchen Island
Kitchen/Family Room Combo
Building Details
Building Size
3,544 SF
Year Built
2000
Units
4
Listing Agency:
All City Real Estate
(866) 277-6005
Listed By:
Brandon Farley
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 3:34AM
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 All City Real Estate
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Investment Insights
Based on property information with market context.
This 3,544-square-foot quadplex contains four residential units and was built in 2000. Renovations have refreshed the interiors, and one unit is vacant; the other three have tenants in place.
The property is on Gus Drive in Killeen, with Walmart, ALDI, hospitals, shopping, dining, and Planet Fitness described as within walking distance along Stan Schlueter. Fort Hood is approximately 10 minutes away.
The property is on Gus Drive in Killeen, with Walmart, ALDI, hospitals, shopping, dining, and Planet Fitness described as within walking distance along Stan Schlueter. Fort Hood is approximately 10 minutes away.
Key Highlights
- Four residential units in a 3,544‑square‑foot building
- Renovated interiors; one unit is vacant and three have tenants in place
- Built in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,631
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,620
$612.6K
Cap Rate 7%
$437,586
$437.6K
Cap Rate 9%
$340,344
$340.3K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$46.8K $13.20/SF
− Vacancy
−$3.0K −$0.85/SF
EGI
$43.8K $12.35/SF
− OpEx
−$13.1K −$3.70/SF
NOI
$30.6K $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%
$612,620
Cap Rate 7%
$437,586
Cap Rate 9%
$340,344
Alternative Uses
Best Use
Multifamily LT 5
$437.6K
$382.9K – $510.5K
NOI $30,631 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.3K
NOI $28,340 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$851.2K
$744.8K – $993.1K
NOI $59,587 @ 7.0% cap · market cap 11.69%
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
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors and one vacant apartment offer flexibility alongside three occupied residences.
Where is this quadplex located?
The property is located at 3802 Gus Drive Killeen, TX.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Four residential units in a 3,544‑square‑foot building; Renovated interiors; one unit is vacant and three have tenants in place; Built in 2000
