2021-Built Duplex with Dual
For Sale
$340,000
1806 Castroville Trail, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,484 SF
Lot Size0.21 Acres
Price / SF$136.88
Days on Market36
Property Features for 1806 Castroville Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1
Interior features
CeilingFans, DoubleVanity, TubShower, Pantry
Appliances
Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator, SomeElectricAppliances, Range
Subdivision
Village At Walker Place
Lot features
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
Head toward US-190 and merge onto US-190. Continue for 3.3 miles, then turn right onto W Hwy 190/W BUS 190. Drive 0.3 miles, then turn right onto Cline Drive. Continue for 0.6 miles, then turn right onto Castroville Trail. The destination, 1806 Castroville Trail, Copperas Cove, TX 76522, will be on your right.
Standard status
Active
APN
154840
Size
2,484 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE AT WALKER PLACE, BLOCK 4, LOT 2
Tax Annual Amount
7358
Legal Description
VILLAGE AT WALKER PLACE, BLOCK 4, LOT 2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Paintedstained
Building materials
Masonry
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
All City Real Estate
(866) 277-6005
Listed By:
Daisy Ruiz · License #0802660
(915) 242-3634
Added: Aug 3
Changed: Aug 26
Last Checked: Sep 7 at 4:06AM
MLS# 621406
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 2021, this duplex contains 2,484 square feet across two residences, with each side offering three bedrooms, two bathrooms, a living room, pantry, and spacious backyard. Interior details include stained concrete flooring throughout, masonry construction, ceiling fans, double vanities, tub-and-shower combinations, and kitchens equipped with stainless steel appliances. The property is served by public water and public sewer, with composition shingle roofing and no HOA.
One side is leased, while the second operates on a month-to-month lease. The property sits approximately 12 minutes from Fort Cavazos and within a 6-mile radius of grocery stores, restaurants, medical facilities, schools, and shopping. Its Copperas Cove location provides access to everyday services while supporting separate residential living arrangements within one building.
One side is leased, while the second operates on a month-to-month lease. The property sits approximately 12 minutes from Fort Cavazos and within a 6-mile radius of grocery stores, restaurants, medical facilities, schools, and shopping. Its Copperas Cove location provides access to everyday services while supporting separate residential living arrangements within one building.
Key Highlights
- Duplex built in 2021 with 2,484 square feet of total property size
- Each unit includes 3 bedrooms, 2 bathrooms, a living room, and a spacious backyard
- Stained concrete flooring throughout, with no carpet
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
$21,469
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
6.31%
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%
$429,380
$429.4K
Cap Rate 7%
$306,700
$306.7K
Cap Rate 9%
$238,544
$238.5K
Market Conditions
NOI Build-Up for 2,484 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
$32.8K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.7K $12.35/SF
− OpEx
−$9.2K −$3.70/SF
NOI
$21.5K $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%
$429,380
Cap Rate 7%
$306,700
Cap Rate 9%
$238,544
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.4K – $357.8K
NOI $21,469 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,863 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 12.28%
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
109
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 three-bedroom residences offer stained concrete floors, stainless appliances, and separate outdoor space.
Where is this duplex located?
The property is located at 1806 Castroville Trail Copperas Cove, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex built in 2021 with 2,484 square feet of total property size; Each unit includes 3 bedrooms, 2 bathrooms, a living room, and a spacious backyard; Stained concrete flooring throughout, with no carpet
