Updated
New
For Sale
$329,900
1502 Windward Drive, Killeen, TX 76543
Four residential units include recent roof, bathroom, water heater, and air-conditioning improvements.
Property Size3,180 SF
Price / SF$103.74
Days on Market2
Property Features for 1502 Windward Drive
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Multi Family Home
Amenities
Ceiling Fan(s)
Building Details
Building Size
3,180 SF
Year Built
1997
Units
4
Listing Agency:
Ctexas Realty
(254) 634-5383
Listed By:
Jeanette Dempsey · License #0611759
(254) 289-7691
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:18AM
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 Ctexas Realty
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Investment Insights
Based on property information with market context.
This 3,180-square-foot quadplex was built in 1997 and contains four residential units. The roof was replaced around 2019. Unit D has a remodeled bathroom, while Unit A received a new water heater and AC unit.
The property is at 1502 Windward Drive in Killeen, Texas, near parks, shopping, and schools.
The property is at 1502 Windward Drive in Killeen, Texas, near parks, shopping, and schools.
Key Highlights
- Four‑unit residential property
- 3,180 square feet; built in 1997
- Roof replaced around 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,485
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,700
$549.7K
Cap Rate 7%
$392,643
$392.6K
Cap Rate 9%
$305,389
$305.4K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$42.0K $13.20/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$39.3K $12.35/SF
− OpEx
−$11.8K −$3.70/SF
NOI
$27.5K $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%
$549,700
Cap Rate 7%
$392,643
Cap Rate 9%
$305,389
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.6K – $458.1K
NOI $27,485 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$763.8K
$668.3K – $891.1K
NOI $53,467 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
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Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
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?
Quadplex - Four residential units include recent roof, bathroom, water heater, and air-conditioning improvements.
Where is this quadplex located?
The property is located at 1502 Windward Drive Killeen, TX.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Four‑unit residential property; 3,180 square feet; built in 1997; Roof replaced around 2019
