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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.

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.

1207 N 10th St, Killeen

Listing courtesy of Zilker Properties of Austin. Contact: (512) 440-1799

Single-story home located on an oversized lot in an established Killeen neighborhood. This 3-bedroom, 1-bath property offers approximately 1,141 sq. ft. of living space with a functional layout, spacious living area, and large backyard. Exterior features include mature trees, detached parking, and storage shed. Conveniently located near shopping, dining, schools, Fort Hood and major roadways. Investment opportunity or starter home. Schedule your private showing today!

3 Beds ⋅ 1 Baths ⋅ 613765 MLS

Single-story home located on an oversized lot in an established Killeen neighborhood. This 3-bedroom, 1-bath property offers approximately 1,141 sq. ft. of living space with a functional layout, spacious living area, and large backyard. Exterior features include mature trees, detached parking, and storage shed. Conveniently located near shopping, dining, schools, Fort Hood and major roadways. Investment opportunity or starter home. Schedule your private showing today!

1104 N 10th Street, Killeen

Listing courtesy of Keller Williams Realty, Waco. Contact: (254) 751-7900