Furnished Duplex on Corner
For Sale
$360,000
112 E Truman Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,369 SF
Lot Size0.23 Acres
Price / SF$151.96
Days on Market41
Property Features for 112 E Truman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
Interior features
CeilingFans, DoubleVanity, Furnished, TubShower, GraniteCounters, KitchenFamilyRoomCombo
Appliances
Dishwasher, ElectricWaterHeater, Microwave, Refrigerator, SomeElectricAppliances
Subdivision
North 2nd Street Development
Lot features
Corner Lot, City Lot, Less Than Quarter Acre
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
From Highway 190 in Copperas Cove, take the exit toward FM 1113/Business 190 and continue into downtown Copperas Cove. Turn onto Main Street, then head east on Avenue B. Turn left onto E Truman Avenue, and continue a short distance. 112 E Truman Avenue will be on your right.
Standard status
Active
APN
151989
Size
2,369 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH 2ND STREET DEVELOPMENT, LOT 3B, FINAL PLAT 1ST AMENDMENT, ACRES .228
Tax Annual Amount
5728
Legal Description
NORTH 2ND STREET DEVELOPMENT, LOT 3B, FINAL PLAT 1ST AMENDMENT, ACRES .228
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, Masonry
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Cali Hoban · License #0579536
(254) 681-7032
Added: Jul 30
Changed: Sep 5
Last Checked: Sep 8 at 7:06PM
MLS# 621045
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.
Built in 2018, this 2,369-square-foot duplex at 112 E. Truman Avenue offers furnished residential space on a 0.228-acre corner parcel. The property includes six bedrooms and four bathrooms, with concrete flooring, granite counters, ceiling fans, central heating, and central air. Kitchens are equipped with refrigerators, microwaves, dishwashers, and electric water heaters, while the sale also includes furniture, bedding, dishes, a washer, and a dryer.
Outdoor features include a privacy fence and additional space associated with the oversized lot. Side A has no rear neighbors. The property is located in Copperas Cove, near Fort Hood, shopping, dining, schools, and daily services. Public water serves the property, and brick and masonry construction is finished with a composition shingle roof.
Outdoor features include a privacy fence and additional space associated with the oversized lot. Side A has no rear neighbors. The property is located in Copperas Cove, near Fort Hood, shopping, dining, schools, and daily services. Public water serves the property, and brick and masonry construction is finished with a composition shingle roof.
Key Highlights
- 2,369‑square‑foot duplex on a 0.228‑acre corner lot
- Built in 2018 with brick and masonry construction
- Six bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,500
$409.5K
Cap Rate 7%
$292,500
$292.5K
Cap Rate 9%
$227,500
$227.5K
Market Conditions
NOI Build-Up for 2,369 SF
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.
Gross rent
$31.3K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.3K $12.35/SF
− OpEx
−$8.8K −$3.70/SF
NOI
$20.5K $8.64/SF
Area
Coryell County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,500
Cap Rate 7%
$292,500
Cap Rate 9%
$227,500
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$255.9K – $341.3K
NOI $20,475 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$270.6K
$236.8K – $315.7K
NOI $18,944 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$569.0K
$497.9K – $663.9K
NOI $39,831 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 76522, TX
41,123
Population
17,370
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
94%
High-School Grad
115.0 sq mi
ZIP Area
358
Density / Sq Mi
$70,629
Median Household Income
$39,126
Median Earnings
$1,029
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include household furnishings, appliances, and durable concrete flooring for immediate occupancy or leasing.
Where is this duplex located?
The property is located at 112 E Truman Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,369‑square‑foot duplex on a 0.228‑acre corner lot; Built in 2018 with brick and masonry construction; Six bedrooms and four bathrooms
