About This Home

This 0-bedroom, 0-bathroom multi-family at 506 Esther Circle in Killeen, TX is listed for $355,000 ($84 per sqft). Built in 1980, the home offers 4,216 sqft of living space on a 0.23 acres lot.

Key Features

  • Built in 1980
  • 0.23 acre lot
  • 2 stories

Property Details

2 stories
1980

Amenities

A/C
Listing Description

Property Type: Large Fourplex (approx. 4,216 sq. ft.) 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.

Monthly Cost Estimate

$1,899/mo

20% down · 6.5% · 30 years

Principal$257
Interest$1,538
Insurance$104

Estimates only. Actual payments may vary.

Location

506 Esther Circle

Killeen, TX 76543

Colonial Heights

Features & Amenities

Interior Features

CeilingFans

Property Details

Flooring

VinylCarpet

Heating

Central

Cooling

Central Air

Appliances

ElectricRangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 506 Esther Circle is listed at $355,000 ($84/sqft). The estimated monthly payment is $1,899 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.23 acre lot, 2 stories. Interior Features: CeilingFans.

This property is listed by Idan G. Zur.

IZ

Idan G. Zur

License 0700334

Agent at Central Metro Realty, LLC

Listed by Central Metro Realty, LLC · Broker phone: (512) 454-6873 · View on Broker Site

MLS# 626598· Source: Central Texas Multiple Listing Service· 25 days on PropertySimple

Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

506 Esther Circle, Killeen, TX 76543

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