Occupied
For Sale
$209,000
1203 Willow Springs Rd, Killeen, TX 76549
Three-unit residential income property with established occupancy and two long-term tenants.
Property Size2,109 SF
Price / SF$99.10
Days on Market132
Property Features for 1203 Willow Springs Rd
General Information
Standard status
Active
Size
2,109 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1976
Listing Agency:
Lone Star Realty & Property Ma
Listed By:
Matthew Doerbaum (254) 699-7003 · License #0787491
(254) 290-5259
Source:
Homeguidecentraltexas
Added: Jun 10
Changed: Oct 1
Last Checked: Oct 19 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lone Star Realty & Property Ma
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Investment Insights
Based on property information with market context.
This three-unit multifamily property was built in 1976 and contains 2,109 square feet. The asset is fully occupied, with two units leased to long-term tenants. Its triplex configuration provides three residential units within a single income-producing property.
Located at 1203 Willow Springs Rd in Killeen, Texas, the property is offered for sale. The owner also has other properties on the market that may be bundled with this asset.
Located at 1203 Willow Springs Rd in Killeen, Texas, the property is offered for sale. The owner also has other properties on the market that may be bundled with this asset.
Key Highlights
- Three‑unit triplex configuration
- Fully occupied at the time of listing
- Two long‑term tenants
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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
131
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with established occupancy and two long-term tenants.
Where is this triplex located?
The property is located at 1203 Willow Springs Rd 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: Three‑unit triplex configuration; Fully occupied at the time of listing; Two long‑term tenants
