Three-Bedroom Duplex with Privacy
321 Rain Dance Trail Copperas Cove, TX 76522
321 Rain Dance Trail, Copperas Cove, TX, 76522
$392,000
For Sale
$392,000
MULTI_FAMILY - Other - Copperas Cove, TX
Property Size2,442 SF
Lot Size0.53 Acres
Price / SF$160.52
Days on Market19
Property Features for 321 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
- 188026
- Size
- 2,442 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 30, 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# 618336
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 designed for residential income, with a configuration of three bedrooms and two bathrooms per unit, along with a one-car garage. Interior finishes include granite-topped kitchen counters, cultured marble-topped bath vanities, and tiled tub surrounds, with luxury vinyl plank flooring throughout. Outside, the property includes a fully-yard sprinkler system, plus privacy fencing intended to divide the units.
The duplex is located on the west side of Copperas Cove, in Lampasas County, and is described as being zoned for the Lampasas school district. The listing notes the property is part of Copperas Cove’s newer multi-use development area.
For buyers and operators seeking a straightforward duplex setup, the unit layout and included garage provide practical day-to-day functionality, while the hard-surface kitchen and bathroom finishes are specified as part of the interior package. The yard sprinkler system and fenced separation between units are also relevant considerations for tenant experience and property upkeep. The seller is offering builder incentives, and an agent should be contacted for details.
The duplex is located on the west side of Copperas Cove, in Lampasas County, and is described as being zoned for the Lampasas school district. The listing notes the property is part of Copperas Cove’s newer multi-use development area.
For buyers and operators seeking a straightforward duplex setup, the unit layout and included garage provide practical day-to-day functionality, while the hard-surface kitchen and bathroom finishes are specified as part of the interior package. The yard sprinkler system and fenced separation between units are also relevant considerations for tenant experience and property upkeep. The seller is offering builder incentives, and an agent should be contacted for details.
Key Highlights
- Under construction duplex planned for 2026 completion, built as a 3‑bedroom, 2‑bath home with 1‑car garage per unit
- Kitchen features granite counters with pantry; interior includes cultured marble‑topped bath vanities and tiled tub surround
- Luxury vinyl plank flooring throughout with double‑vanity bath finishes and walk‑in closets
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newer Tippit-built duplex units offer 3 bedrooms, 2 baths, a 1-car garage, and yard amenities for practical rental use.
Where is this duplex located?
The property is located at 321 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: Under construction duplex planned for 2026 completion, built as a 3‑bedroom, 2‑bath home with 1‑car garage per unit; Kitchen features granite counters with pantry; interior includes cultured marble‑topped bath vanities and tiled tub surround; Luxury vinyl plank flooring throughout with double‑vanity bath finishes and walk‑in closets
