501 N 46th ST new Save Request In-Person Tour Request Virtual Tour
Killeen,TX 76543
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,216 sqft
Price per Sqft $77
Subdivision Colonial Heights
MLS Listing ID 593776
Style Traditional
Year Built 1980
Lot Size 9,975 Sqft
Property Sub-Type Quadruplex
Property Description
This quadplex offers an excellent opportunity for investors looking to add a value-driven multifamily property to their portfolio. Featuring four 2-bedroom, 1-bathroom units and over 4,200 square feet of total living space, it provides immediate rental income with strong potential for increased returns through rent optimization.
Three units are currently leased with monthly rents of $600, $550, and $800, and market rents in the area support a pro forma of approximately $850 per unit. With one vacant unit ready to lease or update, there's a clear opportunity to bring all units to market value and increase overall income potential.
Each unit is individually metered for electricity, while water and trash services are included in the lease — helping keep utility costs predictable and appealing to tenants. The property sits on a 0.22-acre lot with off-street parking and is conveniently located near shopping, schools, major employers, and Fort Hood, making it attractive to a wide range of renters.
Whether you're expanding your portfolio or beginning your multifamily investment journey, this property offers a solid foundation for long-term cash flow growth and appreciation in a high-demand rental market.
Location
State TX
County Bell
Interior
Heating Electric,Multiple Heating Units
Cooling Electric,3+ Units
Flooring Tile,Vinyl
Fireplaces Type Living Room,None
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Fence Chain Link
Pool None
Utilities Available Electricity Available,Water Available
View Y/N No
View None
Roof Type Composition,Shingle
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Killeen Elementary
Middle Schools Manor Middle School
High Schools Killeen High School
School District Killeen Isd
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan