Well-Maintained Killeen Fourplex
4301 Alan Kent Drive, Killeen, TX 76549
MULTI_FAMILY - Other - Killeen, TX
Property size:
4,230 SFLot size:
0.25 AcresPrice / SF:
$106/SF- Added:
- Jan 18, 2026
- Days on Market:
- 131
- Last Refresh:
- May 29 at 10:06 pm
Property Features for 4301 Alan Kent Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Rooms
- Bedroom 10, Bedroom 6, Bathroom 7, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 4, Bedroom 9, Bathroom 3, Bathroom 8, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 3, Bedroom 8
- Interior features
- CeilingFans, Vanity, BedroomOnMainLevel, BreakfastArea, Pantry
- Appliances
- Dryer, Dishwasher, ElectricCooktop, Disposal, Oven, RangeHood, Washer, SomeElectricAppliances, Microwave
- Standard status
- Active
- APN
- 332478
- Size
- 4,230 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WEISS ADDITION PHASE THREE, BLOCK 004, LOT 0023
- Tax Annual Amount
- 8624
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Laminate, Carpet
- Building materials
- Brick
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent Jeongin Yoon License #0722506 (512) 855-1190
Listing office Competitive Edge Realty LLC 136 Guadalupe Drive, Mabank, TX (972) 200-3685
Listing date Jan 18, 2026
MLS# 602259
Listing URL
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.
HighLights
- Strong cap rate and solid income potential as a 4‑plex investment property.
- Well‑maintained property with owner‑managed care and attention to tenant communication.
- Units A and D feature 3 bedrooms and 2 bathrooms, while Units B and C offer 2 bedrooms and 1.5 bathrooms.
- Immediate cash flow with Units A and D leased at $1,100 per month.
- Unit A recently upgraded with new hardwood flooring.
- Built in 2004 with brick construction and shingle/composition roof.
Overview
This well-maintained fourplex in Killeen, Texas, presents an investment opportunity with a strong cap rate and solid income potential. The property features a clean and efficient layout. Units A and D offer 3 bedrooms and 2 bathrooms, while Units B and C provide 2 bedrooms and 1.5 bathrooms. Unit A has been upgraded with new hardwood flooring throughout. The property has been owner-managed with attention to tenant communication and maintaining a safe and well-kept living environment. Situated on a 0.25-acre lot, the property contains 4,230 square feet of living space. Units A and D are currently leased at $1,100 per month, while Units B and C are actively listed for lease at $900 per month, offering immediate cash flow with additional upside as leasing is completed.
Local 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 8.12%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,825 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.02M
$889.0K – $1.19M
NOI $71,121 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.790166
- Latitude
- 31.091328
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex with strong income potential, well-maintained with recent upgrades.
Where is this quadplex located?
The property is located at 4301 Alan Kent Drive Killeen, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Strong cap rate and solid income potential as a 4‑plex investment property.; Well‑maintained property with owner‑managed care and attention to tenant communication.; Units A and D feature **3 bedrooms and 2 bathrooms**, while Units B and C offer 2 bedrooms and 1.5 bathrooms.
