Triplex with Central
For Sale
$204,000
1203 Willow Springs Road, Killeen, TX 76549
Residential, Killeen, TX
Property Size2,109 SF
Lot Size0.22 Acres
Price / SF$96.73
Days on Market121
Property Features for 1203 Willow Springs Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
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
Additional Details
Tenant in Place
Yes
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
Shingle, Composition
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: Nov 2
Last Checked: Nov 3 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,109-square-foot triplex was built in 1976 and sits on a 0.2156-acre parcel. The building has central heating and air conditioning, with tile and carpet flooring and a shingle and composition roof.
Public water and sewer serve the property. Two of the current tenants have occupied their units long term.
Public water and sewer serve the property. Two of the current tenants have occupied their units long term.
Key Highlights
- All three units are occupied; two tenants are long term
- 2,109 square feet of building area
- 0.2156‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,228
Cap Rate
8.94%
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 8.94%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,865 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$506.6K
$443.3K – $591.0K
NOI $35,460 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Triplex - All three units are occupied, with two tenants in place long term.
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 $204,000.
What are key features of this property?
This property features: All three units are occupied; two tenants are long term; 2,109 square feet of building area; 0.2156‑acre lot
