Modern Duplex with
For Sale
$395,000
218 Leon Lane, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,614 SF
Lot Size0.26 Acres
Price / SF$151.11
Days on Market318
Property Features for 218 Leon Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Garage
Interior features
CeilingFans, DoubleVanity, PullDownAtticStairs, TubShower, GraniteCounters, Pantry
Appliances
Dishwasher, ElectricRange, SomeElectricAppliances, Microwave
Subdivision
Heritage Place Addition Phase
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
In Cove turn onto FM 3046. Go under the bypass. Right on Heritage Rd. Right on Leon. Look for sign.
Standard status
Active
APN
158732
Size
2,614 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 16, ACRES 0.2631
Tax Annual Amount
339
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 16, ACRES 0.2631
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Paintedstained, Concrete
Building materials
BrickVeneer, StoneVeneer
Roof type
Shingle, Composition
Architectural style
Modern
Listing Agency:
Donlie McMullin Realty
(254) 547-0172
Listed By:
Jack Smith · License #0454097
(254) 290-3132
Added: Oct 20, 2025
Changed: Sep 1
Last Checked: Sep 2 at 4:06AM
MLS# 595794
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 modern duplex is an under-construction 2025 property offering 2,614 square feet on a 0.2631-acre lot. The building features brick and stone veneer, composition shingle roofing, stained concrete flooring, central heating and cooling, and garage parking. Interior details include granite countertops, pantry storage, ceiling fans, double vanities, tub-and-shower bathrooms, pull-down attic stairs, and dedicated laundry areas with washer-and-dryer space. The kitchens are equipped with dishwashers, electric ranges, and microwaves.
The property is supplied by public water. One side is rented, providing an existing occupancy detail for buyers evaluating the duplex. Its three-bedroom, two-bath configuration and separate living areas support residential use by occupants or an owner-user arrangement, as reflected in the property information.
The property is supplied by public water. One side is rented, providing an existing occupancy detail for buyers evaluating the duplex. Its three-bedroom, two-bath configuration and separate living areas support residential use by occupants or an owner-user arrangement, as reflected in the property information.
Key Highlights
- 2,614‑square‑foot duplex on a 0.2631‑acre lot
- 2025 construction with modern architectural style
- Three‑bedroom, two‑bath configuration
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
$22,593
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
5.72%
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%
$451,860
$451.9K
Cap Rate 7%
$322,757
$322.8K
Cap Rate 9%
$251,033
$251.0K
Market Conditions
NOI Build-Up for 2,614 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
$34.5K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.3K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.6K $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%
$451,860
Cap Rate 7%
$322,757
Cap Rate 9%
$251,033
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$627.9K
$549.4K – $732.5K
NOI $43,950 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
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-unit residential property with granite finishes, stained concrete flooring, central HVAC, and garage parking.
Where is this duplex located?
The property is located at 218 Leon Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,614‑square‑foot duplex on a 0.2631‑acre lot; 2025 construction with modern architectural style; Three‑bedroom, two‑bath configuration
