THE HOME, IN THE LISTING AGENT’S WORDS
A closer look.
16-unit multifamily opportunity in Killeen offered at $850,000 — approximately $53,125 per unit. This is an ideal entry point for an investor ready to move beyond single-family rentals and step into meaningful multifamily ownership. Small enough to manage, large enough to matter, the property offers existing door count, rental history, and clear operational upside through improved management, occupancy, collections, and rent stabilization. The property is currently divided and managed as four quadrants: 414 E. Dunn, 416 E. Dunn, 1207 N. 10th, and 1209 N. 10th. Units have historically leased in the $575/month range, with tenants paying utilities, and a fully stabilized rent roll has the potential to generate approximately $9,000+/month in gross rental income. Major capital improvements have already been completed, including 16 HVAC systems with 10-year warranties, updated plumbing and electrical, and a newer flat roof. Current performance has been impacted by a recent property management transition and tenant turnover, creating an opportunity for a hands-on operator to improve performance and long-term cash flow. Located near Fort Cavazos, schools, shopping, dining, and major area employers, this property offers a practical rental location with continued tenant demand. No showings until under contract. Do not disturb tenants. Buyer and buyer’s agent to independently verify all information, including but not limited to square footage, unit count, rents, expenses, utilities, condition, schools, zoning, permits, and investment projections.
THE DETAILS THAT SHAPE YOUR DAY
Reported property facts
- Property type
- Residential Income
- Property subtype
- See Remarks
- Bedrooms
- 0
- Bathrooms
- 0
- Living area
- 8,306 (units not reported)
- Lot acres
- 0.377
- Year built
- 1955
Schools reported in the listing
- High schoolKilleen
- Middle schoolNolan
- DistrictKilleen ISD
- ElementaryWest Ward
Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.
Features & finishes
lot
Corner Lot
roof
Rubber · Shingle
view
None
patio
None
sewer
Public Sewer
fencing
None
parking
Asphalt
community
None
utilities
Cable Available · Electricity Available · High Speed Internet · Sewer Available · Water Available
appliances
Electric Range · Refrigerator
waterfront
None
water Source
Public
construction
HardiPlank Type
