Renovated 4-Plex
4000 Doraine Court Killeen, TX 76549
For Sale
Under Contract
$415,000
MULTI_FAMILY - Contemporary - Killeen, TX
Property Size4,230 SF
Lot Size0.25 Acres
Price / SF$98.11
Days on Market146
Property Features for 4000 Doraine Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Rooms
Bedroom 2, Bedroom 10, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 6, Bathroom 3, Bathroom 8, Bedroom 9, Bathroom 5, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 2, Bathroom 7, Bedroom 5, Bathroom 1
Parking features
On Street
Patio and Porch features
Patio
Interior features
CeilingFans, LaminateCounters, TubShower, WindowTreatments
Exterior features
CoveredPatio
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, RangeHood, SomeElectricAppliances
Standard status
Active Under Contract
APN
334655
Size
4,230 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WEISS ADDITION PHASE FOUR, BLOCK 009, LOT 0016
Tax Annual Amount
8568
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Brick, BrickVeneer, LapSiding, Masonry
Roof type
Shingle, Composition
Architectural style
Contemporary
Listing Agency:
Coldwell Banker Realty
(254) 200-3800
Listed By:
Vernon MacHardy · License #0433118
(254) 289-5905
Added: Mar 6
Changed: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 590533
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.
Investment Insights
Based on property information with market context.
This for-sale four-unit multifamily property features a townhouse-styled floor plan with two distinct unit layouts. Units A and D offer three bedrooms and two full bathrooms, while Units B and C offer two bedrooms and 1.5 bathrooms. Recent work included extensive renovations to Unit D, along with exterior repainting for the building.
The property sits on a corner lot in a cul-de-sac setting. It is described as having proximity to Fort Cavazos and minutes to three schools, with easy access to both Hwy 195 and Stan Schlueter Loop.
All photos referenced in the marketing materials are of Units C and D, with Unit D photos included first. Renovations to Unit D included interior painting, new vinyl plank flooring, HVAC service and cleaning, updated cultured marble countertops in both bathrooms, kitchen cabinet refinishing, a new front door, replacement of select interior doors, and replacement of partial light fixtures and bathroom mirrors.
The property sits on a corner lot in a cul-de-sac setting. It is described as having proximity to Fort Cavazos and minutes to three schools, with easy access to both Hwy 195 and Stan Schlueter Loop.
All photos referenced in the marketing materials are of Units C and D, with Unit D photos included first. Renovations to Unit D included interior painting, new vinyl plank flooring, HVAC service and cleaning, updated cultured marble countertops in both bathrooms, kitchen cabinet refinishing, a new front door, replacement of select interior doors, and replacement of partial light fixtures and bathroom mirrors.
Key Highlights
- 4‑plex with townhouse‑style layout: Units A & D are 3‑bed/2‑bath; Units B & C are 2‑bed/1.5‑bath
- Unit D completed extensive renovations, including new vinyl plank flooring, interior paint, HVAC service, and updated bath and kitchen finishes
- Building exterior repainted and roof with composition/shingle materials; construction includes brick, brick veneer, lap siding, and masonry
Financial Insights For Multifamily LT 5
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 | $55.8k | $13.20 |
| − Vacancy | −$3.6k | −$0.85 |
| EGI | $52.2k | $12.35 |
| − OpEx | −$15.7k | −$3.70 |
| NOI | $36.6k | $8.64 |
4,230 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$1.02M
$889.0K – $1.19M
NOI $71,121 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily on a cul-de-sac corner lot with townhouse-style layouts and recent renovations to one unit.
Where is this quadplex located?
The property is located at 4000 Doraine Court Killeen, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4‑plex with townhouse‑style layout: Units A & D are 3‑bed/2‑bath; Units B & C are 2‑bed/1.5‑bath; Unit D completed extensive renovations, including new vinyl plank flooring, interior paint, HVAC service, and updated bath and kitchen finishes; Building exterior repainted and roof with composition/shingle materials; construction includes brick, brick veneer, lap siding, and masonry
