Updated 4-Unit
For Sale
$324,900
504 Esther Circle, Killeen, TX 76543
Residential, Killeen, TX
Property Size3,132 SF
Lot Size0.19 Acres
Price / SF$103.74
Days on Market106
Property Features for 504 Esther Circle
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Driveway
Interior features
CeilingFans, TubShower, BedroomOnMainLevel
Appliances
Dishwasher, Disposal, SomeElectricAppliances, Range
Subdivision
Colonial Heights
Lot features
City Lot, Less Than Quarter Acre
High school
Killeen High School
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
South on 38th Street, right on Atkinson Ave, and left on Esther.
Standard status
Active
APN
95635
Size
3,132 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COLONIAL HEIGHTS, BLOCK 003, LOT 0016
Tax Annual Amount
6330
Legal Description
COLONIAL HEIGHTS, BLOCK 003, LOT 0016
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1996
Floors in Building
2
Number of units
3
Flooring type
Tile, Carpet
Building materials
BrickVeneer, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jean Augustin · License #0656143
(931) 206-2304
Added: Jun 30
Changed: Sep 16
Last Checked: Oct 13 at 5:06AM
MLS# 618292
Copyright © 2026 Central Texas Multiple Listing Service. 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.
Located at 504 Esther Circle in Killeen, Texas, this 3,132-square-foot quadplex contains four residential units. Each unit offers two bedrooms and one bathroom, with updates completed within the past 2 years. Interior finishes include tile and carpet flooring, ceiling fans, tub-and-shower bathrooms, ranges, dishwashers, and disposals.
Built in 1996 on a 0.1892-acre lot, the property features brick veneer and masonry construction with a composition shingle roof. Central electric heating and central air conditioning serve the building. Public water and public sewer are available, and driveway parking is provided.
Built in 1996 on a 0.1892-acre lot, the property features brick veneer and masonry construction with a composition shingle roof. Central electric heating and central air conditioning serve the building. Public water and public sewer are available, and driveway parking is provided.
Key Highlights
- Four‑unit quadplex with 3,132 square feet of property size
- Each unit has 2 bedrooms and 1 bathroom
- All units updated within the past 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,070
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,400
$541.4K
Cap Rate 7%
$386,714
$386.7K
Cap Rate 9%
$300,778
$300.8K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$41.3K $13.20/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$38.7K $12.35/SF
− OpEx
−$11.6K −$3.70/SF
NOI
$27.1K $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 Rate 5%
$541,400
Cap Rate 7%
$386,714
Cap Rate 9%
$300,778
Alternative Uses
Best Use
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,070 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.4K
NOI $25,045 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$752.3K
$658.3K – $877.7K
NOI $52,660 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
269
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature two-bedroom layouts, recent updates, central HVAC, and driveway parking.
Where is this quadplex located?
The property is located at 504 Esther Circle Killeen, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Four‑unit quadplex with 3,132 square feet of property size; Each unit has 2 bedrooms and 1 bathroom; All units updated within the past 2 years
