Description
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.
Details
| MLS # | 3823548 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 70 |
| Listing Provided By | Zilker Properties of Austin | Sarah Cox |
Features
| SQ Feet | 8,306 |
|---|---|
| Acreage | 0.38 |
| Water Front | Yes |
| Property View | None |
Interior
| Appliances | Electric Range, Refrigerator |
|---|
Exterior
| Roof | Rubber, Shingle |
|---|---|
| Lot Features | Corner Lot |
| Patio And Porch Features | None |
| Fencing | None |
| Construction Materials | Hardi Plank Type |
Parking
| Parking Features | Asphalt |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, High Speed Internet, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 15140 |
|---|
Area Information
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76541 |
| Area | KL |
| Community Name | Cole |
| School District | Killeen ISD |
| Elementary School | West Ward |
| High School | Killeen |
| Listing VS Median (in Cole) | |
Price: $850,000 low | high Med: $850,000 sqft: 8,306 low | high Med: 8,306 $ / sqft: $102 low | high Med: $102 On site: 70 low | high Med: 70 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 29, 2026 at 6:27:49 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76541 |
| Area | KL |
| Community Name | Cole |
| School District | Killeen ISD |
| Elementary School | West Ward |
| High School | Killeen |
| Listing VS Median (in Cole) | |
Price: $850,000 low | high Med: $850,000 sqft: 8,306 low | high Med: 8,306 $ / sqft: $102 low | high Med: $102 On site: 70 low | high Med: 70 | |
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