Occupied Apartment
For Sale
$500,000
4400 Lake, Killeen, TX 76543
Eight residential units offer one-bedroom, one-bath layouts with central HVAC throughout.
Property Size5,288 SF
Price / SF$94.55
Days on Market72
Property Features for 4400 Lake
General Information
Standard status
Active
Size
5,288 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
8 x 1/1
Multifamily Units
8
Additional Details
Gross Income
$57,900
Building Details
Year Built
1976
Listing Agency:
Prime Realty
Listed By:
R. Carlos Gonzalez
(210) 725-2153
Source:
Shebaramos
Added: Aug 6
Changed: Oct 11
Last Checked: Oct 7 at 4:58PM
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 Prime Realty
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Investment Insights
Based on property information with market context.
This apartment property contains 8 residential units within 5,288 square feet. Each unit is configured with 1 bedroom and 1 bathroom, and central HVAC serves the building. The two-story arrangement places 4 units on each level, creating a straightforward and consistent floor plan across the property.
Constructed in 1976, the property is located at 4400 Lake in Killeen, Texas. All 8 units are currently occupied, providing an established operating profile for a multifamily buyer. The unit count, uniform layouts, and shared HVAC configuration offer a clear physical setup for evaluating ongoing operations and future ownership plans.
Constructed in 1976, the property is located at 4400 Lake in Killeen, Texas. All 8 units are currently occupied, providing an established operating profile for a multifamily buyer. The unit count, uniform layouts, and shared HVAC configuration offer a clear physical setup for evaluating ongoing operations and future ownership plans.
Key Highlights
- 8‑unit apartment property with 1/1 layouts throughout
- 5,288 square feet of total property size
- Central HVAC serves all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,286
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,720
$845.7K
Cap Rate 7%
$604,086
$604.1K
Cap Rate 9%
$469,844
$469.8K
Market Conditions
NOI Build-Up for 5,288 SF
Gross rent
$82.5K $15.60/SF
− Vacancy
−$5.6K −$1.06/SF
EGI
$76.9K $14.54/SF
− OpEx
−$34.6K −$6.54/SF
NOI
$42.3K $8.00/SF
Area
Killeen, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,720
Cap Rate 7%
$604,086
Cap Rate 9%
$469,844
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 authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residential units offer one-bedroom, one-bath layouts with central HVAC throughout.
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: 8‑unit apartment property with 1/1 layouts throughout; 5,288 square feet of total property size; Central HVAC serves all units
