Fully Occupied Triplex
1203 WILLOW SPRINGS KILLEEN TX 76549 Killeen, TX 76549
1203 WILLOW SPRINGS KILLEEN TX 76549, Killeen, TX, 76549
$237,000
For Sale
$237,000
Fully occupied triplex with two long-term tenants providing consistent rental income.
Property Size2,109 SF
Price / SF$112.38
Days on Market13
Property Features for 1203 WILLOW SPRINGS KILLEEN TX 76549
General Information
- Standard status
- Active
- Size
- 2,109 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1976
Listing Agency
Lone Star Realty & Property Ma
(254) 290-5259
Listed by
Matthew Doerbaum · License #0787491
(254) 290-5259
Source
Kwsanantonio
Added: Jul 6 Checked: Jul 17 at 2:59 am
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
Investment Insights
Based on property information with market context.
This fully occupied tri-plex features three units, with two long-term tenants in place. The property is currently generating rental income and is positioned as a straightforward residential income offering.
The seller notes the triplex may also be bundled with other properties owned by the same owner that are currently listed for sale. Please message the listing agent for additional information on potential bundle options.
The seller notes the triplex may also be bundled with other properties owned by the same owner that are currently listed for sale. Please message the listing agent for additional information on potential bundle options.
Key Highlights
- Triplex built in 1976
- Fully occupied with two long‑term tenants
- Two long‑term tenants provide consistent, reliable rental payments
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 |
2,109 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.4K
$227.9K – $303.8K
NOI $18,228 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,865 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$506.6K
$443.3K – $591.0K
NOI $35,460 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully occupied triplex with two long-term tenants providing consistent rental income.
Where is this triplex located?
The property is located at 1203 WILLOW SPRINGS KILLEEN TX 76549 Killeen, TX.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Triplex built in 1976; Fully occupied with two long‑term tenants; Two long‑term tenants provide consistent, reliable rental payments
