Killeen Texas multi family real estate income investing

[Lauren Berryhill]

I would like to buy a four plex in Killeen texas that is fully rented as an income property. Killeen has the largest Military base in world, Fort Hood. Killeen is 45 minutes out of Austin. Does this small city have future potential?

[Brian Adams]

Hello @Lauren Berryhill

Killeen actually isn't that small a city, depending on what you consider small. Killeen alone has over 130,000 people, which makes it the largest city between Dallas and Austin, larger than Waco, Round Rock/Georgetown, and everything. 

The market - especially fourplexes - have been trending upwards recently just based on median prices, rising over 5% in 2017. That is small compared to hot Austin markets and the like, but favorable. Fourplexes have gotten quite a bit more competitive recently, but there are still quite a few available and a few I am aware coming on the market in the next few months that should be good ones.

I wrote a BP blog post here about fourplexes in the area - I hope it's helpful! If you're still looking for any, let me know as I would love to help. 

https://www.biggerpockets.com/blogs/10185/66309-ki...