1502 Windward Drive, Killeen, TX 76543
MULTI_FAMILY - Other - Killeen, TX
- Added:
- May 18, 2026
- Days on Market:
- 52
- Last Refresh:
- Jul 8 at 8:06 am
Property Features for 1502 Windward Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 3, Bathroom 4
- Interior features
- CeilingFans
- Appliances
- Dishwasher, ElectricRange, MultipleWaterHeaters, Refrigerator, SomeElectricAppliances
- Standard status
- Active
- APN
- 7477
- Size
- 3,180 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- EVENING HOLLOW 2ND EXTENSION, BLOCK 004, LOT 0001
- Tax Annual Amount
- 6189
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1997
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Carpet, Linoleum
- Building materials
- Brick
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Jeanette Dempsey License #0611759 (254) 289-7691
Listing office Ctexas Realty 3800 Stan Schlueter Loop #106, TX (254) 634-5383
Listing date May 18, 2026
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.
HighLights
- Brick multi‑unit property built in 1997 with central air and electric heating
- Roof is shingle/composition and was replaced around 2019
- Unit A includes a new AC unit and a new water heater
- Remodeled bathroom in Unit D
- Appliances include dishwasher, electric range, and refrigerator, with multiple water heaters on‑site
- Water source is public
Overview
The property is located at 1502 Windward Drive in Killeen, Texas, in Bell County. Public remarks note it is close to parks, shopping, and schools, which may be helpful for tenant appeal and day-to-day convenience.
For buyers seeking a small multifamily asset with documented improvements, this quadplex offers a straightforward residential income setup. The combination of roof replacement and targeted mechanical and interior upgrades (including Unit A HVAC and water heating and Unit D bathroom remodeling) can reduce near-term capital planning for an owner-operator or investor looking to manage day-to-day operations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $13.20 |
| − Vacancy | −$2.7k | −$0.85 |
| EGI | $39.3k | $12.35 |
| − OpEx | −$11.8k | −$3.70 |
| NOI | $27.5k | $8.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.675145
- Latitude
- 31.116612
