Contemporary Duplex With
For Sale
$387,900
1305 Concord Drive, Copperas Cove, TX 76522
MULTI_FAMILY - Contemporary - Copperas Cove, TX
Property Size2,438 SF
Lot Size0.16 Acres
Price / SF$159.11
Days on Market47
Property Features for 1305 Concord Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 1
Interior features
CeilingFans, OpenFloorplan, WalkInClosets, BreakfastBar, GraniteCounters, KitchenFamilyRoomCombo, Pantry
Fencing
Privacy
Appliances
Dishwasher, ElectricCooktop, ExhaustFan, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, SomeElectricAppliances
Subdivision
Freedom Ranch
Lot features
City Lot, Less Than Quarter Acre
Elementary school
JL Williams/Lovett Ledger Elementary
Middle school
S.C.Lee
High school
Copperas Cove High School
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
I14 West towards Copperas Cove, Tx. Keep right to Hwy 9; take Hwy 9 to Coy Dr., make a left, then left again on Ashley. Go to the end of Ashley then make a right onto Concord Dr., Duplex is on the left.
Standard status
Active
APN
156920
Size
2,438 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FREEDOM RANCH, BLOCK 8, LOT 18
Tax Annual Amount
7742
Legal Description
FREEDOM RANCH, BLOCK 8, LOT 18
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
privacy-fenced yard
sprinkler system
automatic garage with WiFi controls
custom blinds
brand-new Frigidaire French Door refrigerator
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Flooring type
Carpet, Concrete, Paintedstained
Building materials
Brick, BrickVeneer, Masonry
Roof type
Composition, Shingle
Architectural style
Contemporary
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Oraya Fernandez · License #0718576
(254) 833-3379
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 15 at 2:06AM
MLS# 618322
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 2023, this contemporary duplex contains 2,438 square feet and offers a matching layout of 3 bedrooms and 2 bathrooms in each unit. One residence is vacant and ready for occupancy. Interior features include open living areas, granite countertops, breakfast bars, walk-in closets, pantry storage, ceiling fans, and an attached automatic garage with WiFi controls. A French-door refrigerator, custom blinds, and sprinkler systems add to the property’s practical setup.
The property is located in Freedom Ranch Subdivision in Copperas Cove, with public water and public sewer service. Each unit has a privacy-fenced yard, while the surrounding area is described as minutes from schools, shopping, Ft. Hood, and Killeen. The duplex was constructed by Flintrock Builders and has brick, brick veneer, and masonry exterior materials.
The property is located in Freedom Ranch Subdivision in Copperas Cove, with public water and public sewer service. Each unit has a privacy-fenced yard, while the surrounding area is described as minutes from schools, shopping, Ft. Hood, and Killeen. The duplex was constructed by Flintrock Builders and has brick, brick veneer, and masonry exterior materials.
Key Highlights
- 2,438‑square‑foot duplex built in 2023
- Each unit includes 3 bedrooms and 2 bathrooms
- One unit is vacant and ready for occupancy
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
$21,072
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
5.43%
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%
$421,440
$421.4K
Cap Rate 7%
$301,029
$301.0K
Cap Rate 9%
$234,133
$234.1K
Market Conditions
NOI Build-Up for 2,438 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
$32.2K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.1K $12.35/SF
− OpEx
−$9.0K −$3.70/SF
NOI
$21.1K $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%
$421,440
Cap Rate 7%
$301,029
Cap Rate 9%
$234,133
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,072 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,496 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$585.6K
$512.4K – $683.2K
NOI $40,991 @ 7.0% cap · market cap 10.57%
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
40
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 - Nearly new two-unit property with private fenced yards, modern finishes, and one residence currently vacant.
Where is this duplex located?
The property is located at 1305 Concord Drive Copperas Cove, TX.
What is the asking price?
The asking price for this property is $387,900.
What are key features of this property?
This property features: 2,438‑square‑foot duplex built in 2023; Each unit includes 3 bedrooms and 2 bathrooms; One unit is vacant and ready for occupancy
