Turnkey 8-Unit Apartment
4400 Lake Killeen, TX 76543
4400 Lake, Killeen, TX, 76543
$500,000
For Sale
$500,000
MULTI_FAMILY - Killeen, TX
Property Size5,288 SF
Lot Size0.21 Acres
Price / SF$94.55
Days on Market11
Property Features for 4400 Lake
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,288 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5898
Building Details
- Year built
- 1976
Listing Agency
Prime Realty
(210) 802-5100
84 NE Loop 410 Suite 126, San Antonio, TX
Listed by
R. Carlos Gonzalez
(210) 692-9300
Added: Jul 7 Checked: Jul 17 at 1:06 am
MLS# 1928600
Listing URL
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey multifamily property includes eight units, each configured as a 1-bedroom, 1-bath layout. The building features central HVAC for the units, and the unit mix is arranged as four units on the upper level and four units on the lower level. The listing indicates the property is currently 100% occupied, presenting an immediately operational setup for an owner-operator or investor seeking cash-flowing residential income.
Located in Killeen, Texas, within Bell County, the property is offered as a residential income asset. The listing states monthly income of $4,825 and notes that rents start at $600. It is positioned as a straightforward ownership opportunity supported by the reported occupancy and existing rent roll.
From a tenant fit perspective, the uniform 1/1 configuration and central HVAC can simplify leasing and maintenance considerations compared with a more varied unit mix. For buyers, the turnkey framing and current occupancy may appeal to those looking for reduced near-term downtime while assuming management of an existing rental operation. Prospective purchasers should review the provided rent details and confirm all financial and operational information during their due diligence.
Located in Killeen, Texas, within Bell County, the property is offered as a residential income asset. The listing states monthly income of $4,825 and notes that rents start at $600. It is positioned as a straightforward ownership opportunity supported by the reported occupancy and existing rent roll.
From a tenant fit perspective, the uniform 1/1 configuration and central HVAC can simplify leasing and maintenance considerations compared with a more varied unit mix. For buyers, the turnkey framing and current occupancy may appeal to those looking for reduced near-term downtime while assuming management of an existing rental operation. Prospective purchasers should review the provided rent details and confirm all financial and operational information during their due diligence.
Key Highlights
- 1976‑built 8‑unit property, all 1BR/1BA units with central HVAC
- 8 units are split 4 up and 4 down
- 100% occupied with $4,825 monthly income
Local Financial Insights For Apartment 5plus
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 | $82.5k | $15.60 |
| − Vacancy | −$5.6k | −$1.06 |
| EGI | $76.9k | $14.54 |
| − OpEx | −$34.6k | −$6.54 |
| NOI | $42.3k | $8.00 |
5,288 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,909 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aparments for rent
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Turnkey, fully occupied 8-unit property with all 1-bedroom layouts and central HVAC on a compact site.
Where is this apartment building located?
The property is located at 4400 Lake Killeen, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1976‑built 8‑unit property, all 1BR/1BA units with central HVAC; 8 units are split 4 up and 4 down; 100% occupied with $4,825 monthly income
