501 N 46th ST Active

Killeen,TX 76543

$ 325000

- Bed

0 Bath

4216 SqFt


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

Construction Status Resale

HOA Y/N No

Year Built 1980

Lot Size 9,975 Sqft

Acres 0.229

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

Fireplace No

Appliance Electric Water Heater,Multiple Water Heaters,Oven,Some Electric Appliances

Laundry Washer Hookup,Electric Dryer Hookup

Exterior

Fence Chain Link

Pool None

Utilities Available Electricity Available,Water Available

View Y/N No

Water Access Desc Public

View None

Roof Type Composition,Shingle

Accessibility None

Building

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Construction Status Resale

Schools

Elementary Schools Killeen Elementary

Middle Schools Manor Middle School

High Schools Killeen High School

School District Killeen Isd

Others

Tax ID 112858

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan

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