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$330,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
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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.

Full Property Details for 501 N 46th St

General

  • Price: $330,000
  • Status: Active
  • Type: Multi-Family
  • Source: Central_Texas_MLS
  • MLS ID: 593776
  • Updated: 11/30/2025
  • Added to Site: 108 day(s) ago

Interior

  • Fireplace(s): Living Room, None
  • Appliances: Electric Water Heater, Multiple Water Heaters, Oven, Some Electric Appliances
  • Flooring: Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Washer Hookup, Electric Dryer Hookup

Location

  • County: Bell
  • Subdivision: Colonial Heights
  • Driving Directions: Head east toward N College St Turn right at the 1st cross street onto N College St Turn left onto W Veterans Memorial Blvd Turn left onto S 38th St Turn right onto Atkinson Ave Turn left onto N 46th St

School Information

  • Elem School District: Killeen ISD
  • Midd School District: Killeen ISD
  • High School District: Killeen ISD
  • Elementary School: Killeen Elementary
  • Middle School: Manor Middle School
  • High School: Killeen High School

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric, 3+ Units
  • Heating Type: Electric, Multiple Heating Units

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Water Available

Structural Information

  • Architectural Style: Traditional
  • Construction: Brick, Masonry
  • Roof: Composition, Shingle
  • Stories/Levels: 2
  • Square Feet: 4,216
  • Sq. Ft. Source: Appraiser
  • Living Area: 4,216 Sq. Ft.
  • Year Built: 1980
  • Year Built Source: Assessor
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.229
  • Frontage: City Street
  • Fencing (Description): Chain Link

Financial Considerations

  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: COLONIAL HEIGHTS, BLOCK 003, LOT 0014
  • Property ID: 112858
  • Block: 3
  • Lot Number: 14

Listed by Real Broker, LLC

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Listing agents

— 501 N 46th St —

  • Real Broker, LLC

  • Real Broker, LLC

315-804-0180

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 N 46th St

School District:Killeen Independent School District
NameGradesDistance
Manor Middle School, Killeen, TX
1700 South W S Young Drive, Killeen, TX 76543
6-81.8 mi
Killeen High School
500 North 38th Street, Killeen, TX 76543
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 N 46th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/30/2025
Price Reduced
$330,000
-1.49%
MLS
10/22/2025
Price Increased
$335,000
3.08%
MLS
10/03/2025
Listed
$325,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 N 46th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,873
10%
$294,820
—
2023
$5,349
—
$294,820
4%
2023
$5,349
9%
$282,568
21%
2022
$4,916
22%
$233,603
33%
2021
$4,020
24%
$176,263
31%
2020
$3,232
11%
$134,501
17%
2019
$2,903
-7%
$115,116
-3%
2018
$3,131
2%
$118,899
-5%
2017
$3,066
8%
$124,907
8%
2016
$2,841
-5%
$115,146
-5%
2015
$2,978
-7%
$120,608
-4%
2013
$3,195
—
$126,070
-3%
2013
$3,195
—
$129,710
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Real Broker, LLC

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Listed by Vista Real Estate Group-Compass RE Texas, LLC

501 N 46th Street, Killeen, TX 76543 (MLS# 593776) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 501 N 46th Street is currently listed for $330,000 and was received on October 03, 2025. Want to learn more about 501 N 46th Street? Do you have questions about finding other Multi-Family real estate for sale in Killeen? You can browse all Killeen real estate or contact a Coldwell Banker agent to request more information.

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