Description
Turnkey multifamily investment opportunity in the heart of Killeen! This income-producing property at 702 Trimmier Rd features 5 total units-including 3 one-bedroom units and 2 two-bedroom units-offering strong and consistent rental demand. With approximately 4,406 square feet of living space situated on a 0.56-acre lot, this property delivers scale, flexibility, and long-term upside. Currently generating ~$4150/month in rental income, it presents an immediate cash-flow opportunity with additional potential for value-add improvements. There is excellent potential to repurpose space into a dedicated coin-operated laundry facility, adding a highly desirable amenity for tenants while creating an additional income stream. The layout also supports the possibility of incorporating vending machines, further increasing on-site revenue with minimal overhead. Constructed in 1968 with masonry construction, a durable metal roof, and central HVAC, the property offers solid fundamentals for investors seeking stability and lower maintenance concerns. Centrally located with quick access to shopping, dining, and major employers-including Fort Cavazos-this asset benefits from strong tenant demand driven by military and local workforce housing needs. Whether you're expanding your portfolio or entering the multifamily space, this property is a rare chance to acquire a cash-flowing asset in a high-demand rental market.
Details
| MLS # | 610733 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 177 |
| Listing Provided By | Gold Medal Realty | Luke Farmer |
Features
| SQ Feet | 4,406 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Acreage | 0.56 |
| Property View | None |
Parking
| Garage Yes / No | No |
|---|
Area Information
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76541 |
| Listing VS Median (in 76541) | |
Price: $215,000 low | high Med: $122,450 sqft: 4,406 low | high Med: 1,342 $ / sqft: $49 low | high Med: $102 On site: 177 low | high Med: 16.5 | |
Market Activity 76541
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Learn More About This Property
| State | TX |
|---|---|
| County | Bell |
| City | Killeen |
| Zip Code | 76541 |
| Listing VS Median (in 76541) | |
Price: $215,000 low | high Med: $122,450 sqft: 4,406 low | high Med: 1,342 $ / sqft: $49 low | high Med: $102 On site: 177 low | high Med: 16.5 | |