Remodeled Four-Plex with Private
For Sale
$395,000
4305 Shawn Drive, Killeen, TX 76542
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 Market248
Property Features for 4305 Shawn Drive
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Fourplex
Amenities
Central Air, Electric, Ceiling Fan(s)
3
Tile, Laminate
Dishwasher, Range, Electric Range/Cooktop, Refrigerator, Electric Dryer
Composition, Shingle
Rear
Fenced Yard.
Brick Trim/Veneer, Lap
Back Yard. City Road, Asphalt.
Building Details
Year Built
1997
Stories
2
Listing Agency:
Soldiers of Real Estate
(254) 618-5140
Listed By:
Steve Darden
(254) 618-5140
Source:
Xome
Added: Dec 8, 2025
Changed: Aug 12
Last Checked: Aug 13 at 4:18AM
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
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
$30,839
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
7.81%
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%
$616,780
$616.8K
Cap Rate 7%
$440,557
$440.6K
Cap Rate 9%
$342,656
$342.7K
Market Conditions
NOI Build-Up for 3,568 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
$47.1K $13.20/SF
− Vacancy
−$3.0K −$0.85/SF
EGI
$44.1K $12.35/SF
− OpEx
−$13.2K −$3.70/SF
NOI
$30.8K $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%
$616,780
Cap Rate 7%
$440,557
Cap Rate 9%
$342,656
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 76542, TX
53,312
Population
21,027
Households
2.5
Avg Household Size
32
Median Age
29%
College-Educated
94%
High-School Grad
63.0 sq mi
ZIP Area
846
Density / Sq Mi
$72,891
Median Household Income
$42,506
Median Earnings
$1,237
Median Rent
$228,500
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 - 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
