Townhouse-Style
For Sale
$420,000
4002 Doraine Court, Killeen, TX 76549
Residential, Killeen, TX
Property Size4,230 SF
Lot Size0.25 Acres
Price / SF$99.29
Days on Market137
Property Features for 4002 Doraine Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Full bathrooms
8
Rooms
Bathroom 7, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 9, Bathroom 6, Bedroom 10, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Bathroom 4, Bathroom 8, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 8
Parking features
Garage
Patio and Porch features
Patio, Porch
Interior features
CeilingFans, DoubleVanity, KitchenDiningCombo, LaminateCounters, PrimaryDownstairs, MainLevelPrimary, TubShower, Pantry
Exterior features
CoveredPatio, Porch
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
Lonesome Dove Sub Phas
Lot features
City Lot, Level
Elementary school
Willow Springs Elementary School
Middle school
Palo Alto Middle School
High school
Shoemaker High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From Elms Road, turn right on Robinett Road. Turn right onto Bade Drive. Turn left onto Jeff Scott Drive. Turn right onto Doraine Court.
Standard status
Active
APN
334656
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 0017
Legal Description
WEISS ADDITION PHASE FOUR, BLOCK 009, LOT 0017
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2001
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
BrickVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Home Network Realty
(254) 449-7500
Listed By:
Stephen Owofade · License #0544504
(254) 415-0137
Added: Apr 14
Changed: Aug 27
Last Checked: Aug 28 at 9:06AM
MLS# 610842
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.
Located at 4002 Doraine Court in Killeen, this 4,230-square-foot quadplex contains four townhouse-style residences. Units A and D each have 3 bedrooms and 2 full baths, while Units B and C provide 2 bedrooms and 1.5 baths. Interior features include central heating and cooling, ceiling fans, laminate counters, pantry storage, and a combination kitchen-dining layout. Covered patio and porch areas extend the usable living space.
The 0.2541-acre property sits in a cul-de-sac and includes garage parking. Brick veneer construction, vinyl and carpet flooring, shingle composition roofing, public water, and public sewer are among the property’s additional physical characteristics. The source information identifies Apartment B or D as available for owner occupancy by a VA or FHA buyer.
The 0.2541-acre property sits in a cul-de-sac and includes garage parking. Brick veneer construction, vinyl and carpet flooring, shingle composition roofing, public water, and public sewer are among the property’s additional physical characteristics. The source information identifies Apartment B or D as available for owner occupancy by a VA or FHA buyer.
Key Highlights
- 4,230‑square‑foot quadplex on a 0.2541‑acre lot
- Units A and D feature 3 bedrooms and 2 full baths each
- Units B and C feature 2 bedrooms and 1.5 baths each
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
$36,560
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
8.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2001, the property offers varied unit layouts, private outdoor areas, and garage parking.
Where is this quadplex located?
The property is located at 4002 Doraine Court 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: 4,230‑square‑foot quadplex on a 0.2541‑acre lot; Units A and D feature 3 bedrooms and 2 full baths each; Units B and C feature 2 bedrooms and 1.5 baths each
