Remodeled Four-Plex with Private
4305 Shawn Drive Killeen, TX 76542
For Sale
$395,000
Completely remodeled four-plex with private fenced backyards and a new roof installed October 2025.
Property Size3,568 SF
Price / SF$110.71
Days on Market207
Property Features for 4305 Shawn Drive
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Fourplex
Building Details
Year Built
1997
Listing Agency:
Soldiers of Real Estate
(254) 618-5140
Listed By:
Steve Darden
(254) 618-5140
Source:
Xome
Added: Jan 2
Changed: Jul 22
Last Checked: Jul 28 at 3:14AM
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 Soldiers of Real Estate
Investment Insights
Based on property information with market context.
Completely remodeled four-plex at 4305 Shawn Drive, Killeen, TX 76542. The property offers four residential units, with three of the four units completely renovated. Each unit includes a private fenced backyard. A new roof was installed in October 2025.
The building is described as being adjacent to Hallmark Bowling Alley, with convenient access to shopping, dining, and First Heroes National Bank. The property is professionally managed by Soldiers of Real Estate LLC, and is reported to have a strong rental history.
The building is described as being adjacent to Hallmark Bowling Alley, with convenient access to shopping, dining, and First Heroes National Bank. The property is professionally managed by Soldiers of Real Estate LLC, and is reported to have a strong rental history.
Key Highlights
- Completely remodeled four‑plex (built 1997) with three units renovated and one unit available for owner‑occupancy
- New roof installed October 2025
- Central air cooling and electric heating; ceiling fans in units
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 | $47.1k | $13.20 |
| − Vacancy | −$3.0k | −$0.85 |
| EGI | $44.1k | $12.35 |
| − OpEx | −$13.2k | −$3.70 |
| NOI | $30.8k | $8.64 |
3,568 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$407.6K
$356.7K – $475.5K
NOI $28,532 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K
NOI $59,990 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Completely remodeled four-plex with private fenced backyards and a new roof installed October 2025.
Where is this quadplex located?
The property is located at 4305 Shawn Drive Killeen, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Completely remodeled four‑plex (built 1997) with three units renovated and one unit available for owner‑occupancy; New roof installed October 2025; Central air cooling and electric heating; ceiling fans in units
