3-Unit Updated
611 McArthur Drive, Killeen, TX 76541
For Sale
$149,000
Each residence includes a gas stove, refrigerator, and individual window or wall heating and cooling unit.
Property Size1,440 SF
Price / SF$103.47
Days on Market54
Property Features for 611 McArthur Drive
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Entire Real Estate
(254) 613-1099
Listed By:
Cynthia Ross · License TX #0597654
(512) 869-9953
Source:
Cornerpostrealestate
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 9 at 2:20PM
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 Entire Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,440-square-foot triplex in Killeen contains three tenant-occupied units, each leased for 12 months. Interior updates include laminate flooring and paint. Each residence is equipped with a gas stove, refrigerator, and a new window or wall unit for heating and cooling.
The property was built in 1961. Tenants pay their own utility costs.
The property was built in 1961. Tenants pay their own utility costs.
Key Highlights
- Three units, each occupied under a 12‑month lease
- 1,440 square feet in Killeen
- Updated laminate flooring and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,446
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,920
$248.9K
Cap Rate 7%
$177,800
$177.8K
Cap Rate 9%
$138,289
$138.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.0K $13.20/SF
− Vacancy
−$1.2K −$0.85/SF
EGI
$17.8K $12.35/SF
− OpEx
−$5.3K −$3.70/SF
NOI
$12.4K $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%
$248,920
Cap Rate 7%
$177,800
Cap Rate 9%
$138,289
Alternative Uses
Best Use
Multifamily LT 5
$177.8K
$155.6K – $207.4K
NOI $12,446 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$164.5K
$143.9K – $191.9K
NOI $11,515 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$345.9K
$302.6K – $403.5K
NOI $24,211 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,568
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes a gas stove, refrigerator, and individual window or wall heating and cooling unit.
Where is this triplex located?
The property is located at 611 McArthur Drive Killeen, TX.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three units, each occupied under a 12‑month lease; 1,440 square feet in Killeen; Updated laminate flooring and paint
