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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.
Based on information submitted to the MLS GRID as of 2026-06-20T16:33:34Z UTC. 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.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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Listed by Sarah Cox (#587174)
Listing Office: Zilker Properties of Austin (#097E)
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