1 / 226-Unit Multifamily in Killeen, TX
Bell County, TX · listed Aug 14, 2025 (439 days)
▼ Reduced 3.3% on Aug 24, 2026, was $460,000
- $/unit
- $74,167
- ▼ 26% vs TX · 27th pct
- Cap rate
- 6.6%
- ▼ 0.7 pts vs TX median
- NOI
- $29K
- $4,894/unit/yr
- Units
- 6
- 1 bldg · 1972
Financials
- Asking price
- $445,000
- Price per unit
- $74,167
- Price per sq ft
- $111
- Gross rent / year
- Not stated
- Net operating income
- $29,362
- NOI per unit
- $4,894
- Cap rate
- 6.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units
- Buildings
- 1
- Year built
- 1972
- Building size
- 4,012 sq ft
- Avg unit size
- 669 sq ft
- Lot size
- 0.3 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 14, 2025
- Days on market
- 439 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 24, 2026: $460K → $445K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2075
About this property
Unlock long-term cash flow with this fully leased value-add 6-plex located in the heart of Killeen. (address on request) features a favorable unit mix of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units across a single structure on a spacious residential lot. With stable tenants in place and upside through light renovations or strategic lease increases, this asset offers immediate returns with room to grow.
Located just minutes from Fort Cavazos and major commercial corridors, the property sits in a high-demand rental market with historically strong occupancy and steady turnover-ideal for investors seeking consistency with low operating complexity.
Multifamily | 6.60% CAP | 6 Units
Highlights
- Stabilized Income: 12-month trailing rents just over $SOK with historically full occupancy.
- Below Market Rents: Potential to increase rents to align with local comps.
- High-Demand Market: Strong rental base from military, medical, and working-class tenants.
- Turnkey with Upside: Light cosmetic updates could quickly raise value and cash flow.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Killeen, TXValue-add | $1.5M | $47K$47K | 7.6% |
| Killeen, TX Owner financingStabilized | $691K | $58K$58K | — |
| Killeen, TX Owner financingStabilized | $691K | $58K$58K | — |
| Killeen, TX NewValue-add | $1.26M | $105K$105K | — |
| Killeen, TX Stabilized | $631K | $53K$53K | — |
| Killeen, TX Owner financingValue-add | $691K | $58K$58K | — |