Fully Occupied
1203 Willow Springs Road Killeen, TX 76549
For Sale
$237,000
MULTI_FAMILY - Ranch - Killeen, TX
Property Size2,109 SF
Lot Size0.22 Acres
Price / SF$112.38
Days on Market22
Property Features for 1203 Willow Springs Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 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
- 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: Jul 18
Last Checked: Jul 27 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This ranch-style tri-plex is being offered for sale with the property currently fully occupied. The unit mix includes two long-term tenants, which may appeal to buyers seeking steadier tenancy within a multi-unit residential income setup.
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.
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.
Key Highlights
- 1976‑built ranch tri‑plex with brick and masonry construction and log siding
- Fully occupied tri‑plex with 2 long‑term tenants
- Central heating and central air conditioning
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
FAQs
What type of property is this?
Triplex - Tri-plex with current occupancy and two long-term tenants, offering income-focused ownership in Killeen.
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 $237,000.
What are key features of this property?
This property features: 1976‑built ranch tri‑plex with brick and masonry construction and log siding; Fully occupied tri‑plex with 2 long‑term tenants; Central heating and central air conditioning
