8-Unit Apartment
For Sale
$500,000
4400 Lake, Killeen, TX 76543
Multi-Family (2-8 Units), Killeen, TX
Property Size5,288 SF
Lot Size0.21 Acres
Price / SF$94.55
Days on Market102
Property Features for 4400 Lake
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Call District
Middle school
Call District
High school
Call District
Elementary school district
CALL DISTRICT
Middle school district
CALL DISTRICT
High school district
CALL DISTRICT
Subdivision
3100
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 · RE/MAX International
(210) 802-5100
Listed By:
R. Carlos Gonzalez
(210) 692-9300
Added: Jul 7
Changed: Aug 21
Last Checked: Oct 16 at 8:06AM
MLS# 1928600
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.
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Investment Insights
Based on property information with market context.
This 5,288-square-foot apartment property contains eight one-bedroom, one-bath residences arranged across two levels, with four units on each floor. Central HVAC serves the units, and the building was constructed in 1976. The 0.21-acre site supports the multifamily improvement and its existing configuration.
All eight residences are currently occupied. The property is located in Killeen, Texas, within Bell County, and carries a 76543 postal designation. Its established eight-unit layout provides a straightforward multifamily configuration with consistent one-bedroom unit types throughout.
All eight residences are currently occupied. The property is located in Killeen, Texas, within Bell County, and carries a 76543 postal designation. Its established eight-unit layout provides a straightforward multifamily configuration with consistent one-bedroom unit types throughout.
Key Highlights
- Eight apartments, each configured with one bedroom and one bathroom
- 100% occupied across all 8 units
- Central HVAC serving the residences
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
182
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
Check the figures for this property
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 - Fully occupied property offers one-bedroom residences with central HVAC.
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: Eight apartments, each configured with one bedroom and one bathroom; 100% occupied across all 8 units; Central HVAC serving the residences
