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224-228 Hold St 224 Hold St 26 Unit Apartment Building $1,325,000 ($50,962/Unit) 10.20% Cap Rate Killeen, TX 76541
Investment Highlights
- 26-unit value-add multifamily with 10.2% cap rate and $1,325,000 price.
- Located near Fort Hood, one of the largest U.S. military installations.
- Offered at $90.63 per SF and $50,962 per unit—attractive cost basis.
- Significant upside: rents can increase 10%+ with operational enhancements.
- Desirable one-bedroom unit mix appeals to broad tenant demographic.
- 100% occupancy and strong local demographics support stable cash flow.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, LLC
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $1,325,000 | Property Subtype | Apartment |
| Price Per Unit | $50,962 | Building Class | C |
| Sale Type | Investment | Building Size | 14,620 SF |
| Cap Rate | 10.20% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.11 | No. Stories | 2 |
| No. Units | 26 | Year Built | 1965 |
| Property Type | Multifamily | ||
| Zoning | Commerical | ||
| Price | $1,325,000 |
| Price Per Unit | $50,962 |
| Sale Type | Investment |
| Cap Rate | 10.20% |
| Gross Rent Multiplier | 7.11 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 14,620 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | Commerical |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12461 | Improvements Assessment | $887,602 |
| Land Assessment | $17,050 | Total Assessment | $904,652 |
Property Taxes
Parcel Number
12461
Land Assessment
$17,050
Improvements Assessment
$887,602
Total Assessment
$904,652
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224-228 Hold St | 224 Hold St
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