5701 Redstone Drive Killeen, TX 76543
MULTI_FAMILY - Other - Killeen, TX
- Added:
- May 14, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 14 at 7:06 am
Property Features for 5701 Redstone Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bathroom 6, Bedroom 8, Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 7, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bathroom 8, Bedroom 3
- Appliances
- Dryer, Dishwasher, ElectricRange, Washer, SomeElectricAppliances, Range
- Standard status
- Active
- APN
- 232544
- Size
- 3,528 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SUNSHADOW COVE PHASE THREE, BLOCK 003, LOT 0014
- Tax Annual Amount
- 6353
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Carpet
- Building materials
- BrickVeneer
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Maria Barrientos License #0744367 (254) 466-7103
Listing office Keller Williams Realty, Waco 3701 W Waco Dr, TX (254) 751-7900
Listing date May 14, 2026
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.
The property is located in the established Sunshadow Cove neighborhood in Killeen, TX, at 5701 Redstone Drive. It is positioned just minutes from Fort Cavazos, shopping, dining, schools, and major roadways, which can help support day-to-day tenant convenience. Occupied units are available for viewing during the option period.
For investors and buyers seeking a small multifamily asset, this quadplex provides four separate, income-producing units in a consistent configuration. With each unit offering 2 bedrooms and 1.5 bathrooms, along with functional floor plans and in-unit laundry hookups, the layout is straightforward to lease and operate. The combination of durable exterior materials and manageable unit amenities is designed to support long-term residential use.
Key Highlights
- Four‑unit quadplex in the Sunshadow Cove neighborhood at 5701 Redstone Drive
- Built in 2002 with 4 units, each offering approximately 882 SF and 2 bedrooms with 1.5 bathrooms
- Central heating and central A/C
Local Financial Insights For Multifamily LT 5
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 | $46.6k | $13.20 |
| − Vacancy | −$3.0k | −$0.85 |
| EGI | $43.6k | $12.35 |
| − OpEx | −$13.1k | −$3.70 |
| NOI | $30.5k | $8.64 |
