1203 Willow Springs Road, Killeen, TX 76549
MULTI_FAMILY - Ranch - Killeen, TX
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 10:06 pm
Property Features for 1203 Willow Springs Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 2
- Interior features
- TubShower, WalkInClosets
- Appliances
- Dishwasher, ElectricRange, Refrigerator, WaterHeater, SomeElectricAppliances, Range
- 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
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
- Carpet, Tile
- Building materials
- Brick, LogSiding, Masonry
- Roof type
- Shingle, Composition
- Architectural style
- Ranch
Listing agent Matthew Doerbaum License #0787491 (254) 290-5259
Listing office Lone Star Realty & Property Ma 1020 W Jasper Drive, TX (254) 699-7003
Listing date Jul 6, 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
- Ranch‑style tri‑plex built in 1976 with central heating and central air
- Fully occupied tri‑plex with 2 long‑term tenants for reliable rent payments
- Brick and log siding/masonry exterior with shingle/composition roof
- Public utilities: public water and public sewer
- Interior features include walk‑in closets and tub/shower combinations
- Appliances include refrigerator, dishwasher, electric range, and range
Overview
The property is located at 1203 Willow Springs Road in Killeen, in Bell County, Texas. The lot size is 0.2156 acres, with a total property size of 2,109 square feet.
For investors or owner-operators looking for a small multifamily structure, this tri-plex provides an income property configuration with active occupancy already in place. Because the information provided confirms full occupancy and identifies two long-term tenants, this offering can fit buyers who want to evaluate a turn-key rental scenario rather than starting from vacancy. The listing also notes the possibility of bundling with other properties owned by the same seller, which may be relevant for those expanding a local residential income portfolio.
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 | $27.8k | $13.20 |
| − Vacancy | −$1.8k | −$0.85 |
| EGI | $26.0k | $12.35 |
| − OpEx | −$7.8k | −$3.70 |
| NOI | $18.2k | $8.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Killeen
- County
- Bell
- State
- Texas
- Longitude
- -97.76326
- Latitude
- 31.109508
