Occupied Brick
For Sale
$209,000
1203 Willow Springs Road, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,109 SF
Lot Size0.22 Acres
Price / SF$99.10
Days on Market94
Property Features for 1203 Willow Springs Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3
Interior features
TubShower, WalkInClosets
Appliances
Dishwasher, ElectricRange, Refrigerator, WaterHeater, SomeElectricAppliances, Range
Subdivision
Hood View Add Rep Lts
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
From W Central Texas Expy turn onto Willow Springs Rd. The property will be on the right hand side of the street.
Standard status
Active
APN
80897
Size
2,109 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HOOD VIEW ADDITION REPLAT (LTS 2-3 BLK 8), BLOCK 008, LOT 0002
Tax Annual Amount
3724
Legal Description
HOOD VIEW ADDITION REPLAT (LTS 2-3 BLK 8), BLOCK 008, LOT 0002
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Flooring type
Tile, Carpet
Building materials
Brick, LogSiding, Masonry
Roof type
Composition, Shingle
Architectural style
Ranch
Listing Agency:
Lone Star Realty & Property Ma
(254) 699-7003
Listed By:
Matthew Doerbaum · License #0787491
(254) 290-5259
Added: Jul 6
Changed: Sep 16
Last Checked: Oct 7 at 9:06PM
MLS# 618826
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.
Investment Insights
Based on property information with market context.
Located at 1203 Willow Springs Road in Killeen, Texas, this fully occupied triplex offers 2,109 square feet across a three-unit residential configuration. The property was built in 1976 with brick, masonry, and log siding elements, and features a ranch architectural style. Interior finishes include tile and carpet flooring, walk-in closets, and tub-and-shower bathrooms. Central heating and central air conditioning serve the property, while select appliances include dishwashers, electric ranges, refrigerators, and water heaters.
The property occupies 0.2156 acres and is connected to public water and public sewer. A composition and shingle roof completes the structure. Two tenants are identified as long-term occupants, and the property is offered as a fully occupied asset.
The property occupies 0.2156 acres and is connected to public water and public sewer. A composition and shingle roof completes the structure. Two tenants are identified as long-term occupants, and the property is offered as a fully occupied asset.
Key Highlights
- Fully occupied triplex at 1203 Willow Springs Road, Killeen, TX 76549
- 2,109 square feet on 0.2156 acres
- Built in 1976 with brick, masonry, and log siding elements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,228
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,560
$364.6K
Cap Rate 7%
$260,400
$260.4K
Cap Rate 9%
$202,533
$202.5K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$27.8K $13.20/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$26.0K $12.35/SF
− OpEx
−$7.8K −$3.70/SF
NOI
$18.2K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,560
Cap Rate 7%
$260,400
Cap Rate 9%
$202,533
Alternative Uses
Best Use
Multifamily LT 5
$260.4K
$227.9K – $303.8K
NOI $18,228 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,865 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$506.6K
$443.3K – $591.0K
NOI $35,460 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 76549, TX
56,199
Population
21,794
Households
2.6
Avg Household Size
29
Median Age
23%
College-Educated
95%
High-School Grad
94.1 sq mi
ZIP Area
597
Density / Sq Mi
$62,536
Median Household Income
$36,340
Median Earnings
$1,363
Median Rent
$202,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with central heating and cooling, public utilities, and a ranch-style layout.
Where is this triplex located?
The property is located at 1203 Willow Springs Road Killeen, TX.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Fully occupied triplex at 1203 Willow Springs Road, Killeen, TX 76549; 2,109 square feet on 0.2156 acres; Built in 1976 with brick, masonry, and log siding elements
