501 N 46th Street, Killeen, TX 76543

• 4,216 sqft

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.

Listing Status:

Active

Date Added:

October 3, 2025 at 05:00AM

Listing Office:

Real Broker, LLC : 855-450-0442

Listing Agent:

Reganne Queen : 315-804-0180

MLS ID:

593776

Interior

• Appliances: Electric Water HeaterMultiple Water HeatersOvenSome Electric Appliances
• Laundry: Washer HookupElectric Dryer Hookup
• Flooring: TileVinyl
• A/C: Electric3+ Units
• Heating: ElectricMultiple Heating Units
• Fireplace: Living RoomNone
• Disability Feature: None

Exterior

• Style: Traditional
• Pool: None

Construction

• Roofing: CompositionShingle
• General: BrickMasonry2Slab

Location

• Road/Access: City Street
• Originating MLS: CTEXAS_TBBOR
• School District: Killeen ISD
• County: Bell

Lot

• Zoning: COLONIAL HEIGHTSBLOCK 003LOT 0014112858
• View: None
• Fencing: Chain Link

Utilities

• Utilities: Electricity AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CTEXAS_TBBOR

This listing courtesy of Reganne Queen, Real Broker, LLC