Brick-Veneer
For Sale
Under Contract
$340,000
5701 Redstone Drive, Killeen, TX 76543
Residential, Killeen, TX
Property Size3,528 SF
Lot Size0.23 Acres
Price / SF$96.37
Days on Market153
Property Features for 5701 Redstone Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 8, Bathroom 5, Bedroom 7, Bedroom 2, Bathroom 7, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 8, Bathroom 1
Appliances
Dryer, Dishwasher, ElectricRange, Washer, SomeElectricAppliances, Range
Subdivision
Sunshadow Cove Ph Three
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
Head north on N Roy Reynolds Drive and turn right onto Redstone Drive
Standard status
Active Under Contract
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
Legal Description
SUNSHADOW COVE PHASE THREE, BLOCK 003, LOT 0014
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
Carpet, Tile
Building materials
BrickVeneer
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty, Waco
(254) 751-7900
Listed By:
Maria Barrientos · License #0744367
(254) 466-7103
Added: May 14
Changed: Sep 16
Last Checked: Oct 13 at 6:06AM
MLS# 612479
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.
This 3,528-square-foot quadplex contains four residences of approximately 882 square feet each. Every unit offers two bedrooms, 1.5 bathrooms, an open living area, breakfast bar, and washer and dryer hookups. Interior finishes include tile, vinyl, and carpet flooring, with central heating and central air. The building was completed in 2002 and features brick-veneer construction, a composition shingle roof, public water, and convenient parking.
The property is located at 5701 Redstone Drive in Killeen, within the Sunshadow Cove neighborhood. Fort Cavazos, shopping, dining, schools, and major roadways are described as minutes away. Occupied units are available for showing during the option period.
The property is located at 5701 Redstone Drive in Killeen, within the Sunshadow Cove neighborhood. Fort Cavazos, shopping, dining, schools, and major roadways are described as minutes away. Occupied units are available for showing during the option period.
Key Highlights
- Four‑unit quadplex with 3,528 square feet of total property size
- Each unit is approximately 882 square feet with 2 bedrooms and 1.5 bathrooms
- Built in 2002 with brick veneer and composition roofing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,493
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,860
$609.9K
Cap Rate 7%
$435,614
$435.6K
Cap Rate 9%
$338,811
$338.8K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$46.6K $13.20/SF
− Vacancy
−$3.0K −$0.85/SF
EGI
$43.6K $12.35/SF
− OpEx
−$13.1K −$3.70/SF
NOI
$30.5K $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%
$609,860
Cap Rate 7%
$435,614
Cap Rate 9%
$338,811
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.2K – $508.2K
NOI $30,493 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$403.0K
$352.7K – $470.2K
NOI $28,212 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$847.4K
$741.5K – $988.6K
NOI $59,318 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
63
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with individual residences, central HVAC, washer and dryer connections, and on-site parking.
Where is this quadplex located?
The property is located at 5701 Redstone Drive Killeen, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,528 square feet of total property size; Each unit is approximately 882 square feet with 2 bedrooms and 1.5 bathrooms; Built in 2002 with brick veneer and composition roofing
