2317 Terrace Drive Killeen, TX 76543

Multi-Family (2-4 Units) MLS #: 568931 Courtesy Of Isbell Properties

$424,900

12 beds | 4,812 sq ft
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Est. Property Tax: $9,462
Estimated monthly payments: $2,646/mo.* (recalculate)

Property InformationDescription

Are you looking to start or expand your investment portfolio? This fully functional 4-plex at 2317 Terrace Dr presents an excellent opportunity, even for VA and FHA buyers. With three out of four units currently leased, generating a gross rental income of $2,700 per month, the vacant unit allows owner-occupants to meet loan requirements while benefiting from rental income to offset their mortgage.

Each unit features a spacious 3-bedroom, 2-bathroom layout with approximately 1,100 square feet of living space. The open floor plans, ample natural light, and functional designs make these units highly desirable for tenants and owner-occupants alike. Each unit also includes in-unit laundry connections and well-sized bedrooms, providing the space and convenience renters are looking for.

This multi-family property offers immediate cash flow with the potential for increased rental income. Whether you are a seasoned investor or a first-time buyer looking to live in one unit while renting out the others, this property is a solid investment for long-term financial growth. Don't miss out on this opportunity schedule your showing today.
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Features

  • Age: 21-30 Years Old
  • Amenities: Ceiling Fan
  • Appliances: Dishwasher, Range, Washer
  • Architecture Style: New Traditional
  • Exterior Type: Brick
  • Floor Covering: Carpet, Linoleum, Vinyl
  • Lot Size: 0.22 Acres

MAP & DIRECTIONS

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2317 Terrace Drive, Killeen, TX 76543
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School Information

2317 Terrace Drive, Killeen, TX 76543

Elementary School
Grades PK-5 | Public School
CLIFTON PARK ELEMENTARY SCHOOL
Killeen, TX 76541
2200 Trimmier Rd
254.­336.1580
Distance: 1.1 mi
Student:Teacher Ratio
14:1
Total Students
484
Middle School
Grades 6-8 | Public School
MANOR MIDDLE SCHOOL
Killeen, TX 76543
1700 S W S Young Dr
254.­336.1310
Distance: 0.6 mi
School Rating
D-
Student:Teacher Ratio
16:1
Total Students
757
High School
Grades 9-12 | Public School
KILLEEN HIGH SCHOOL
Killeen, TX 76543
500 N 38th St
254.­336.7208
Distance: 1.1 mi
School Rating
D+
Student:Teacher Ratio
16:1
Total Students
2162
Other Nearby Schools Distance Type Grades School Rating
Excellent Covenant Christian Academy 0.9 mi Private KG-4
East Ward Elementary School 0.9 mi Public PK-5
Gateway High School 1.1 mi Public 9-12
Gateway Middle School 1.1 mi Public 6-8
El143 1.2 mi Public PK-5 D
Ira Cross Elementary School 1.2 mi Public PK-5 C
St Joseph Catholic Academy 1.4 mi Private PK-9
El144 1.4 mi Public PK-5 C
Nolan Middle School 1.4 mi Public 6-8
Grace Lutheran School 1.4 mi Private PK-KG
Richard Milburn Alternative High School (killeen) 1.5 mi Public 9-12 F
Bellaire Elementary School 1.6 mi Public PK-5
Peebles Elementary School 1.7 mi Public PK-5 D
Killeen Adventist Junior Academy 1.8 mi Private KG-10
C. E. Ellison High School 2.0 mi Public 9-12 D
West Ward Elementary School 2.2 mi Public PK-5
Memorial Christian Academy 2.2 mi Private PK-12
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Killeen, TX 76543

Median Age: 31.5
Married: 41%
Number of Households: 13,833
Households with Children: 34.8%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.