20-Unit Value-Add
805-807 W Hallmark Ave Killeen, TX 76541
805-807 W Hallmark Ave, Killeen, TX, 76541
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For Sale
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20-unit multifamily property offered for sale with a listed 9.32% cap rate.
Property Size11,669 SF
Price / SF$102.84
Days on Market98
Property Features for 805-807 W Hallmark Ave
General Information
- Standard status
- Active
- Size
- 11,669 SF
- Property subtype
- Multifamily
Listing agency
Matthews
(214) 663-4236
Listed by
Kevin Diener · License #699130
Source
Crexi
Added: Apr 16 Updated: Jul 21 at 6:19AM Checked: Jul 21 at 6:19AM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale 20-unit multifamily property is presented as a value-add investment, with a listed 9.32% cap rate and a $1,200,000 asking price. The property size is reported at 11,669 square feet.
The asset is located at 805–807 W Hallmark Ave in Killeen, Texas, and is described in the offering materials as being near Fort Hood.
For buyers and brokers evaluating income property strategies, the core takeaway is the combination of 20 units and the stated cap rate within the provided financial framing.
The asset is located at 805–807 W Hallmark Ave in Killeen, Texas, and is described in the offering materials as being near Fort Hood.
For buyers and brokers evaluating income property strategies, the core takeaway is the combination of 20 units and the stated cap rate within the provided financial framing.
Key Highlights
- 20‑unit multifamily property offered for sale
- Listed 9.32% cap rate
Local Financial Insights For Apartment 5plus
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 | $182.0k | $15.60 |
| − Vacancy | −$12.4k | −$1.06 |
| EGI | $169.7k | $14.54 |
| − OpEx | −$76.3k | −$6.54 |
| NOI | $93.3k | $8.00 |
11,669 SF · lease $15.60/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,196 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 20-unit multifamily property offered for sale with a listed 9.32% cap rate.
Where is this apartment building located?
The property is located at 805-807 W Hallmark Ave Killeen, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 20‑unit multifamily property offered for sale; Listed 9.32% cap rate
