Tippit-Built Duplex for
305 Rain Dance Trail Copperas Cove, TX 76522
305 Rain Dance Trail, Copperas Cove, TX, 76522
$392,000
For Sale
$392,000
MULTI_FAMILY - Other - Copperas Cove, TX
Property Size2,442 SF
Lot Size0.44 Acres
Price / SF$160.52
Days on Market19
Property Features for 305 Rain Dance Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Garage
- Interior features
- DoubleVanity, PullDownAtticStairs, TubShower, WalkInClosets, GraniteCounters, Pantry
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, WaterHeater, SomeElectricAppliances, Microwave, Range
- Standard status
- Active
- APN
- 188022
- Size
- 2,442 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 26, Block 1, The Valley at Great Hills, Phase 2
- Tax Annual Amount
- 1311
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing Agency
ERA Brokers Consolidated
(254) 698-4300
777 Indian Trl Suite 600, TX
Listed by
Lieselotte Carroll · License #0281463
(254) 554-1292
Added: Jun 30 Checked: Jul 18 at 3:06 pm
MLS# 616592
Listing URL
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 Tippit-built duplex is offered for sale in a newer multi-use development. The configuration provides 3 bedrooms and 2 bathrooms per unit, along with a 1-car garage. Interior finishes include granite-topped kitchen counters, cultured marble-topped bath vanities, tiled tub surrounds, and luxury vinyl plank flooring throughout. Exterior features include a fully-yard sprinkler system, allowance for up to 16 pallets of sod, and a privacy fence that includes a dividing fence between the units.
The property is located on the west side of Copperas Cove, in Lampasas County. It is zoned for the Lampasas school district, with the address listed at 305 Rain Dance Trail in Copperas Cove, TX 76522.
For buyers seeking residential income property, this duplex provides a straightforward, repeatable unit layout with consistent finishes across both sides. The separated yard arrangement, including a privacy/dividing fence, can be practical for tenant comfort and day-to-day use. The inclusion of sprinkler and sod allowance may also help reduce some front-end site maintenance work for the new owner. Please contact the listing agent for builder incentives.
The property is located on the west side of Copperas Cove, in Lampasas County. It is zoned for the Lampasas school district, with the address listed at 305 Rain Dance Trail in Copperas Cove, TX 76522.
For buyers seeking residential income property, this duplex provides a straightforward, repeatable unit layout with consistent finishes across both sides. The separated yard arrangement, including a privacy/dividing fence, can be practical for tenant comfort and day-to-day use. The inclusion of sprinkler and sod allowance may also help reduce some front-end site maintenance work for the new owner. Please contact the listing agent for builder incentives.
Key Highlights
- Duplex under construction, year built 2026
- Each unit features 3 bedrooms, 2 baths, and a 1‑car garage
- Granite kitchen counters, pantry, and double‑vanity bathrooms with tiled tub surround
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $13.20 |
| − Vacancy | −$2.1k | −$0.85 |
| EGI | $30.2k | $12.35 |
| − OpEx | −$9.0k | −$3.70 |
| NOI | $21.1k | $8.64 |
2,442 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.5K
$263.8K – $351.8K
NOI $21,106 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,528 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,058 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two units, each featuring three bedrooms, two baths, and a one-car garage.
Where is this duplex located?
The property is located at 305 Rain Dance Trail Copperas Cove, TX.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Duplex under construction, year built 2026; Each unit features 3 bedrooms, 2 baths, and a 1‑car garage; Granite kitchen counters, pantry, and double‑vanity bathrooms with tiled tub surround
