506 Esther CIR Killeen, TX 76543
4,216 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,216 sqft
Price per Sqft $85
Subdivision Colonial Heights
MLS Listing ID 626598
Style None
Construction Status Resale
HOA Y/N No
Year Built 1980
Lot Size 10,001 Sqft
Acres 0.2296
Property Sub-Type Quadruplex
Property Description
Unit Configuration: Four 2-bedroom, 1-bathroom townhouse-style units
Investment Highlights
Strong Cash Flow & Stability: Consistent income with long-term, low-maintenance tenancy and proven high rental demand.
Spacious Townhouse Layouts: Each unit features functional layouts, generous square footage, ample natural light, and tenant-friendly amenities that ensure high occupancy rates.
Unit-by-Unit Breakdown
Unit 1
Current Rent: $850/month (Increasing to $875/month effective November 1, 2026)
Tenancy: Long-term tenant in place since 2023 (currently month-to-month).
Flexibility: Option for the buyer to renew the lease or transition the tenant if owner-occupancy of Unit 1 is desired.
Unit 2
Current Rent: $825/month
Lease Term: Tenant in place since January 2025, lease expires January 31, 2027 (tenant has expressed no intention to leave).
Unit 3
Current Rent: $825/month
Lease Term: Tenant in place since mid 2025, lease expires May 31, 2027.
Unit 4
Current Rent: $875/month- expires 7.31.27. Tenant is there from mid 2025.
Operational Summary
Maintenance History: The property and its tenants have required minimal maintenance over the past several years, ensuring efficient management and protected net operating income.
Location
State TX
County Bell
Interior
Interior Features Ceiling Fan(s), Other, See Remarks
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Range, Other, Refrigerator, See Remarks
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Fence None
Pool None
Utilities Available None
View Y/N No
Water Access Desc Not Connected (at lot),Public
View None
Roof Type Composition,Shingle
Accessibility None
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Not Connected (at lot), Public Sewer
Water Not Connected (at lot), Public
Architectural Style None
Level or Stories Two
Construction Status Resale
Schools
School District Kilgore Isd
Others
Tax ID 13674
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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