Duplex Residential Income
313 Rain Dance Trail Copperas Cove, TX 76522
313 Rain Dance Trail, Copperas Cove, TX, 76522
$392,000
For Sale
$392,000
MULTI_FAMILY - Other - Copperas Cove, TX
Property Size2,442 SF
Lot Size0.45 Acres
Price / SF$160.52
Days on Market19
Property Features for 313 Rain Dance Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
- 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
- 188024
- Size
- 2,442 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 28, Block 1, The Valley at Great Hills, Phase 2
- Tax Annual Amount
- 1311
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- 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# 618333
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 offers two separate residences designed as an income-focused setup. Each unit features three bedrooms and two bathrooms, along with a one-car garage. Interior finishes include granite-topped kitchen counters, cultured marble-topped bath vanities, and a tiled tub surround. Luxury vinyl plank flooring runs throughout the units. Outdoors, the property includes a fully-yard sprinkler system and privacy fencing that includes a dividing fence between the two units. The package also references up to 16 pallets of sod.
The duplex is located on the west side of Copperas Cove, within Lampasas County, and is described as being zoned for the Lampasas school district. The site size is listed at 0.45 acres.
For buyers seeking a straightforward duplex configuration, this property combines split-unit privacy with updated, durable finishes and practical exterior features like yard sprinklers and unit separation fencing. With each side laid out as a three-bedroom, two-bath home with garage parking, it may fit investors or operators looking for a residential income asset with consistent unit amenities.
The duplex is located on the west side of Copperas Cove, within Lampasas County, and is described as being zoned for the Lampasas school district. The site size is listed at 0.45 acres.
For buyers seeking a straightforward duplex configuration, this property combines split-unit privacy with updated, durable finishes and practical exterior features like yard sprinklers and unit separation fencing. With each side laid out as a three-bedroom, two-bath home with garage parking, it may fit investors or operators looking for a residential income asset with consistent unit amenities.
Key Highlights
- Duplex under construction, built in 2026, with 3 bedrooms and 2 bathrooms per unit
- 1‑car garage per unit plus privacy fence, including a dividing fence between units
- Granite kitchen counters and luxury vinyl plank (vinyl) flooring throughout
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 - Investor-ready duplex with modern interior finishes, 3 bedrooms, and a one-car garage plus yard sprinkler and fencing.
Where is this duplex located?
The property is located at 313 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, built in 2026, with 3 bedrooms and 2 bathrooms per unit; 1‑car garage per unit plus privacy fence, including a dividing fence between units; Granite kitchen counters and luxury vinyl plank (vinyl) flooring throughout
