Offered For Sale By Owner! This well-positioned 52-unit apartment community in Killeen, Texas presents a compelling opportunity for investors seeking stable income, strong tenant demand, and value-add upside. The property includes 30 completely renovated units, significantly enhancing income potential and overall asset value.
Located in a high-growth Central Texas rental market near Fort Cavazos, major employers, schools, transit, and retail corridors, this asset offers stable performance and strong long-term appreciation potential. The property features a balanced unit mix and ample parking.
Investors benefit from operational efficiency, additional value-add opportunities through strategic upgrades, and the ability to capture higher market rents. With continued modernization and rent-optimization potential, this is an ideal acquisition for investors targeting strong yields in an affordable, landlord-friendly submarket. Disclosure: Virtually staged photos are provided to illustrate the potential use of the space. Furniture and decor are not included with the property.
Whether you are expanding your Texas portfolio or entering the rapidly growing Central Texas market, this asset represents a compelling investment opportunity backed by strong fundamentals.
For sale by owner
$2,900,000
309 Root Ave, Killeen, TX 76541
52beds
0baths
30,052sqft
MultiFamily
Built in 1970
-- sqft lot
$-- Zestimate®
$96/sqft
$-- HOA
What's special
Ample parking
- 34 days |
- 517 |
- 19 |
Listed by:
Property Owner (206) 227-1966
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 52
- Bathrooms: 0
Interior area
- Total interior livable area: 30,052 sqft
Property
Lot
- Size: 1.34 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1970
Community & HOA
Location
- Region: Killeen
Financial & listing details
- Price per square foot: $96/sqft
- Date on market: 5/30/2026
Estimated market value
Not available
Estimated sales range
Not available
$898/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2026 | Listed for sale | $2,900,000+26.1%$96/sqft |
Source: Owner Report a problem | ||
| 3/19/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/31/2025 | Listed for sale | $2,300,000+148.6%$77/sqft |
Source: Owner Report a problem | ||
| 2/1/2016 | Listing removed | $925,000$31/sqft |
Source: Realty Executives of Killeen #197615 Report a problem | ||
| 12/18/2015 | Price change | $925,000-15.9%$31/sqft |
Source: Realty Executives of Killeen #197615 Report a problem | ||
| 6/25/2015 | Listed for sale | $1,100,000-15.4%$37/sqft |
Source: Realty Executives Broker of Record #197615 Report a problem | ||
| 3/25/2015 | Listing removed | $1,300,000$43/sqft |
Source: Realty Executives of Killeen #193115 Report a problem | ||
| 10/23/2014 | Price change | $1,300,000+23.8%$43/sqft |
Source: Realty Executives of Killeen #193115 Report a problem | ||
| 10/7/2014 | Listed for sale | $1,050,000$35/sqft |
Source: Realty Executives of Killeen #193115 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 76541
Nearby schools
GreatSchools rating
- 4/10Killeen Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Rancier Middle SchoolGrades: 6-8Distance: 2.9 mi
- 2/10Killeen High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: West Ward
- Middle: Fairway
- High: Killeen
- District: Killeen Independent
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Bell County
- Killeen
- 76541
- 309 Root Ave