Fourplex With Townhouse-Style
For Sale
$420,000
4002 Doraine Court #A B C D, Killeen, TX 76549
Four units offer a mix of two- and three-bedroom floor plans, with select apartments noted as available for owner occupancy.
Property Size4,230 SF
Price / SF$99.29
Days on Market200
Property Features for 4002 Doraine Court #A B C D
General Information
Standard status
Active
Size
4,230 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/1.5BA
Multifamily Units
4
Amenities
Ceiling Fan(s)
Double Vanity
Kitchen/Dining Combo
Laminate Counters
Primary Downstairs
Main Level Primary
Tub Shower
Pantry
Covered Patio
Porch
Building Details
Building Size
4,230 SF
Year Built
2001
Stories
2
Units
4
Listing Agency:
Home Network Realty
(254) 449-7500
Listed By:
Stephen Owofade · License #0544504
(254) 415-0137
Source:
Herbstrealestate
Added: Apr 14
Changed: Oct 29
Last Checked: Oct 29 at 10:46AM
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 Home Network Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2001, this fourplex contains 4,230 square feet across four townhouse-style apartments. Units A and D each have three bedrooms and two full bathrooms. Units B and C each include two bedrooms and one and a half bathrooms.
The property is on a cul-de-sac in Killeen, Texas. Apartments B or D are identified as available for owner occupancy, with VA or FHA buyers mentioned as potential occupants.
The property is on a cul-de-sac in Killeen, Texas. Apartments B or D are identified as available for owner occupancy, with VA or FHA buyers mentioned as potential occupants.
Key Highlights
- Four apartments totaling 4,230 square feet
- Townhouse‑style layouts across all four units
- Units A and D: 3 bedrooms and 2 full bathrooms each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,560
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,200
$731.2K
Cap Rate 7%
$522,286
$522.3K
Cap Rate 9%
$406,222
$406.2K
Market Conditions
NOI Build-Up for 4,230 SF
Gross rent
$55.8K $13.20/SF
− Vacancy
−$3.6K −$0.85/SF
EGI
$52.2K $12.35/SF
− OpEx
−$15.7K −$3.70/SF
NOI
$36.6K $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%
$731,200
Cap Rate 7%
$522,286
Cap Rate 9%
$406,222
Alternative Uses
Best Use
Multifamily LT 5
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.02M
$889.0K – $1.19M
NOI $71,121 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
142
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units offer a mix of two- and three-bedroom floor plans, with select apartments noted as available for owner occupancy.
Where is this quadplex located?
The property is located at 4002 Doraine Court #A B C D Killeen, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four apartments totaling 4,230 square feet; Townhouse‑style layouts across all four units; Units A and D: 3 bedrooms and 2 full bathrooms each
