Updated Fourplex with Two-Bedroom
For Sale
$295,000
407 W AVENUE E KILLEEN TX 76541, Killeen, TX 76541
Recent system upgrades and finish improvements complement the four-unit residential layout.
Property Size2,664 SF
Price / SF$110.74
Days on Market60
Property Features for 407 W AVENUE E KILLEEN TX 76541
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Apartment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1977
Stories
2
Listing Agency:
Entire Real Estate
(254) 613-1099
Listed By:
Cynthia Ross · License #0597654
(512) 869-9953
Source:
Kwsanantonio
Added: Aug 20
Changed: Oct 1
Last Checked: Oct 16 at 5:38AM
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 Entire Real Estate
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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.
This fourplex contains four residential units, each arranged with 2 bedrooms and 1 bathroom. The 2,664-square-foot property was built in 1977 and has received recent improvements, including central air and heat, electrical and plumbing replacements, interior paint, and laminate flooring. Each unit includes an electric range and refrigerator, while residents pay their own utility bills.
Located at 407 W Avenue E in Killeen, the property is positioned close to Fort Hood. Its consistent unit layout and updated building systems create a straightforward configuration for multifamily ownership.
Located at 407 W Avenue E in Killeen, the property is positioned close to Fort Hood. Its consistent unit layout and updated building systems create a straightforward configuration for multifamily ownership.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units
- 2,664 SF property built in 1977
- New central air and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,025
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,500
$460.5K
Cap Rate 7%
$328,929
$328.9K
Cap Rate 9%
$255,833
$255.8K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$35.2K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.9K $12.35/SF
− OpEx
−$9.9K −$3.70/SF
NOI
$23.0K $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%
$460,500
Cap Rate 7%
$328,929
Cap Rate 9%
$255,833
Alternative Uses
Best Use
Multifamily LT 5
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$304.3K
$266.3K – $355.1K
NOI $21,303 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$639.9K
$559.9K – $746.5K
NOI $44,791 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent system upgrades and finish improvements complement the four-unit residential layout.
Where is this quadplex located?
The property is located at 407 W AVENUE E KILLEEN TX 76541 Killeen, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 1‑bath units; 2,664 SF property built in 1977; New central air and heat
