4-Unit
New
For Sale
$220,000
608 Harbour Ave, Killeen, TX 76541
Located near Fort Hood, with restaurants, grocery stores, shopping, and everyday services within five miles.
Property Size2,080 SF
Days on Market3
Property Features for 608 Harbour Ave
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Investment
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,080 SF
Year Built
1963
Buildings
1
Stories
1
Units
4
Listed By:
Roy L. Swan · License #0619902
(512) 639-8982
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:16PM
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 Roy L. Swan
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Investment Insights
Based on property information with market context.
The 1963-built property is configured as a four-unit quadplex. Each residence has one bedroom and one bathroom, providing a consistent unit mix across the building.
Fort Hood is nearby, and restaurants, fast-food options, shopping centers, grocery stores, and other everyday services are within a five-mile radius. The property has a Walk Score of 53 and a Bike Score of 41.
Fort Hood is nearby, and restaurants, fast-food options, shopping centers, grocery stores, and other everyday services are within a five-mile radius. The property has a Walk Score of 53 and a Bike Score of 41.
Key Highlights
- Four units, each with 1 bedroom and 1 bathroom
- Built in 1963
- Fort Hood is nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,978
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,560
$359.6K
Cap Rate 7%
$256,829
$256.8K
Cap Rate 9%
$199,756
$199.8K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$27.5K $13.20/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$25.7K $12.35/SF
− OpEx
−$7.7K −$3.70/SF
NOI
$18.0K $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%
$359,560
Cap Rate 7%
$256,829
Cap Rate 9%
$199,756
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,978 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$237.6K
$207.9K – $277.2K
NOI $16,633 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,972 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
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?
Quadplex - Located near Fort Hood, with restaurants, grocery stores, shopping, and everyday services within five miles.
Where is this quadplex located?
The property is located at 608 Harbour Ave Killeen, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four units, each with 1 bedroom and 1 bathroom; Built in 1963; Fort Hood is nearby
