Updated
For Sale
$295,000
407 W Avenue E, Killeen, TX 76541
Four two-bedroom apartments include individual electric ranges and refrigerators, with tenants responsible for their utility bills.
Property Size2,664 SF
Price / SF$110.74
Days on Market11
Property Features for 407 W Avenue E
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
electric range and refrigerator
Tub Shower
Vanity
Kitchen/Dining Combo
Kitchenette
Building Details
Building Size
2,664 SF
Year Built
1977
Buildings
1
Units
4
Listing Agency:
Entire Real Estate
(254) 613-1099
Listed By:
Cynthia Ross · License #0597654
(512) 869-9953
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 29 at 6:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,664-square-foot fourplex contains four apartments, each with two bedrooms and one bathroom. The 1977 building has updated central heating and air conditioning, electrical and plumbing systems, paint, and laminate flooring. Each apartment is equipped with an electric range and refrigerator.
Located at 407 W Avenue E in Killeen, the property is near Fort Hood. Tenants pay their own utility bills.
Located at 407 W Avenue E in Killeen, the property is near Fort Hood. Tenants pay their own utility bills.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 2,664 square feet; built in 1977
- Updated central air and heat, electrical, and plumbing
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
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 - Four two-bedroom apartments include individual electric ranges and refrigerators, with tenants responsible for their utility bills.
Where is this quadplex located?
The property is located at 407 W Avenue E 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: Four units, each with 2 bedrooms and 1 bathroom; 2,664 square feet; built in 1977; Updated central air and heat, electrical, and plumbing
