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Rental property for sale in Killeen, TX

Check our updated investment properties for sale in Killeen, TX. The real estate deals have been wisely curated by our team for you to achieve a cashflow-positive property investment. Added, investment tips and performance data in Killeen, TX.

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Long Term Rental

Killeen Fully Occupied Quadplex $360k

1112 Shanarae Cir, Killeen

Purchase Price:$360,000

Cashflow:$596/mo

Cap Rate:7.38%

Long Term Rental

Killeen Fully Occupied High Cashflow 12-Plex $895k

511 N Gilmer St, Killeen

Purchase Price:$895,000

Cashflow:$2,481/mo

Cap Rate:8.72%

Long Term Rental

Killeen 23-Plex Heavy Cashflow $1.75M

411 E Central Texas Expy, Killeen

Purchase Price:$1,750,000

Cashflow:$2,521/mo

Cap Rate:7.12%

Long Term Rental

Killeen Tenant-Occupied Cashflowing Duplex $290k

4604 Pennington Ave, Killeen

Purchase Price:$290,000

Cashflow:$259/mo

Cap Rate:6.76%

Long Term Rental

Killeen Heavy Cashflow Quadplex $360k

211 W Cardinal Ln, Harker Heights

Purchase Price:$360,000

Cashflow:$379/mo

Cap Rate:7.25%

Long Term Rental

Killeen Cashflowing Tenant-Occupied Quadplex $350k

4007 Madison Dr, Killeen

Purchase Price:$350,000

Cashflow:$290/mo

Cap Rate:6.98%

Long Term Rental

Killeen Starter Duplex $180k

1007 York Ave, Killeen

Purchase Price:$170,000

Cashflow:$220/mo

Cap Rate:7.54%

Long Term Rental

Killeen Seller Financing Quadplex $400k

4504 Hunt Cir, Killeen

Purchase Price:$365,000

Cashflow:$96/mo

Cap Rate:7.39%

Long Term Rental

Killeen Cashflow Focused LTR Quadplex $300k

1704 Cedarhill Dr, Killeen

Purchase Price:$300,000

Cashflow:$656/mo

Cap Rate:8.61%

Long Term Rental

Killeen Heavy Cashflow Quadplex $390k

4102 Pilgram Dr, Killeen

Purchase Price:$390,000

Cashflow:$963/mo

Cap Rate:8.36%

Long Term Rental

Killeen CASH COW 31-Unit Multifamily $1.99M

209 Root Ave, Killeen

Purchase Price:$1,990,000

Cashflow:$6,771/mo

Cap Rate:10.07%

Long Term Rental

Killeen High Cashflow Quadplex – $325k

1109 Eastside Dr, Killeen

Purchase Price:$325,000

Cashflow:$623/mo

Cap Rate:7.69%

Long Term Rental

Killeen Fully Occupied High Cashflow 12-Plex $975k

511 N Gilmer St, Killeen

Purchase Price:$975,000

Cashflow:$2,960/mo

Cap Rate:9.04%

Long Term Rental

Killeen Cashflowing Fully Occupied Quadplex – $385k

2006 Monte Carlo Ln, Killeen

Purchase Price:$385,000

Cashflow:$470/mo

Cap Rate:6.86%

Long Term Rental

Killeen Cashflow Quadplex – $400k

2804 Cantabrian Dr, Killeen

Purchase Price:$400,000

Cashflow:$374/mo

Cap Rate:6.52%

My Crucial Tip To Purchase Investment Properties In Killeen, TX

My Crucial Tip to Rental property for sale in Killeen

On the lookout for rental properties for sale in Killeen? The city is unlike other markets in the central Texas area, as it offers a greater degree of real ethnic and cultural diversity. The population has been growing consistently for some time, so there is plenty of demand for rental properties in Killeen. The downtown area in Killeen is an older area, meaning there is a lot of deferred maintenance needed on many properties. This pulls renters away into newer parts of town with younger properties, but it does present opportunities to acquire properties in need of renovation. If you are planning to take a property into your portfolio to make a big rental yield, choose carefully, focusing on proximity to amenities and transport hubs. Multifamily properties are often the way to go here. They offer affordable housing for many people, which can accumulate a good rental income for you. And, over time, this growing location is likely to experience plenty of appreciation.

Killeen Investment performance and average price

Avg Purchase Price Avg Cap Rate Avg Cash on Cash Return Avg Cash Needed to close
Commercial 5+ units LTR 125k - 200k per door 4% - 7% 0%-5% (assumes 25% down payment) $45,000 per door
Short Term Rental (SFH) 350k - 550k 7% - 9% 8% - 12% $92,500 (furnished)
STR (2-4 Units) 175k - 225k per door 8% - 10% 9% - 13% $51,500 per door (furnished)
Long Term Rental (2-4 Units) 150k - 200k per door 3% - 5% 0% - 5% $48,000 per door
Long Term Rental (SFH) 275k - 350k 0% - 4% 0% - 4% $71,500
Househack (2-4 Units) 150k - 200k per door n/a n/a $12,250 per door
Househack (SFH) 300k - 400k n/a n/a $17,500

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Frequently asked questions

I Am Ready to Invest. What Should Be My Next Step Toward Buying Rental property for sale in Killeen?
We are thrilled that you are here! If you are exploring the possibility of investing in Rental property for sale in Killeen, our team is waiting to hear from you. During your introductory consultation, we will chat about your goals, try to pin down your search criteria, and answer any questions you might have. We can also recommend our preferred lenders to begin the pre-approval process and get you ready to submit offers based on our findings in the local real estate market.
Do You Personally Invest in Rental property for sale in Killeen and Other Markets?
Yes. Every member of our team is an active real estate investor. Victor acquires multiple properties annually, including Rental property for sale in Killeen, with a portfolio that includes single-family homes, multi-family properties, and more. The strategies we recommend are the exact ones that we personally use.
How Many Clients Do You Work With Who Are Interested in Rental property for sale in Killeen?
Currently, we keep our Active Investor list limited to 30 clients at a time. This way, we can ensure we can offer equal attention and a personalized experience for all. If you are working with us to seek Rental property for sale in Killeen, we will review your file daily and deliver curated prospects aligned with your goals. We only work with engaged clients and aim for consistent communication.
Do You Work With Investors Looking for 5+ Units Rental property for sale in Killeen?
Absolutely! We are happy to help clients who wish to purchase Rental property for sale in Killeen that include 5+ unit multifamily buildings. However, we consider 2-4 units to be the gold standard for such endeavors. Cap rates have improved for these larger assets as interest rates have increased, so there are strong acquisition opportunities at present.
Is It Still Possible to Find Cash-Flowing Rental property for sale in Killeen?
Yes, but it is crucial to adapt the strategy to the local market. This is where we come in, as we have a strong first-hand knowledge of local markets when exploring Rental property for sale in Killeen. Let us do the work in comparing traditional long-term rentals versus short- or medium-term strategies to find the perfect approach in this location. We will align your acquisition of Rental property for sale in Killeen with a management strategy that supports your income goals.
I Am an Out-of-State Investor. Can I Still Buy Rental property for sale in Killeen?
Of course! In fact, many of our clients are based outside of Texas. We have honed an efficient system to support out-of-state investors with things like remote video walkthroughs, electronic document signing, and mobile notary services. We make it easy to purchase Rental property for sale in Killeen with confidence from anywhere in the country with no need to travel.
How Many People Are on Your Team, and Will I Work With You Directly When Searching for Rental property for sale in Killeen?
Our team consists of seven full-time professionals, including four investor-focused agents, a real estate analyst, and a closing coordinator. We are also supported by a professional network of trusted contractors and others who are crucial to the process, assisting with legal and tax consultancy, recommendations for improvements, and more. If you are pursuing Rental property for sale in Killeen, you will work directly with Victor in the initial stages, but the full team will be at your disposal.
Are There Rental property for sale in Killeen by Owner?
We are very experienced at tracking down Rental property for sale in Killeen that are listed directly by the owners. These types of listing can occasionally offer unique opportunities, but you will need our help to perform due diligence and full legal compliance. Let us help you evaluate these opportunities to ensure they align with your investment goals.
Where Can I Find Cheap Rental property for sale in Killeen?
The cheapest Rental property for sale in Killeen are usually found in emerging neighborhoods, older subdivisions, or through off-market deals. These properties may require some light renovation, but they often present opportunities for robust long-term cash flow. Work with our team to identify undervalued assets that match your budget and offer strong returns.
Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?

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Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?

Schedule a call
Positive Cashflow in Appreciating Markets

Ready to invest in central Texas real estate?