Three-Bedroom
For Sale
Under Contract
$392,000
501 Adley Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,588 SF
Lot Size0.25 Acres
Price / SF$151.47
Days on Market44
Property Features for 501 Adley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2
Parking features
Garage
Interior features
CeilingFans, PullDownAtticStairs, Vanity, WalkInClosets, BreakfastBar, EatInKitchen, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Kitchenette
Appliances
Dishwasher, ElectricCooktop, Disposal, MultipleWaterHeaters, Microwave, Oven, SomeElectricAppliances, Cooktop
Subdivision
Heritage Place
Lot features
Cul De Sac, City Lot, Level, Half To One Acre Lot, Less Than Quarter Acre
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
190 W, Take 3046 (left), right on Adley, Duplex at the end
Standard status
Active Under Contract
APN
158795
Size
2,588 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 13, ACRES 0.2511
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 13, ACRES 0.2511
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
automatic sprinkler system
wood privacy fence
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick, HardiplankType, Masonry, StoneVeneer
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
The Real Estate Home Team Llc
(254) 213-2708
Listed By:
Jessica Lloyd · License #0644878
(251) 656-0254
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 15 at 12:06AM
MLS# 621424
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 ranch-style duplex is under construction and contains 2588 square feet on a 0.2511-acre lot. Each side includes three bedrooms, a private primary suite, two bathrooms, a walk-in closet, and a large walk-in shower. Interior specifications include luxury vinyl flooring, granite countertops, tile backsplashes, stainless steel appliances, ceiling fans, and walk-in closets. Kitchens are arranged with breakfast bars and combined dining or family areas.
The exterior combines brick, stone veneer, Hardiplank, sod, an automatic sprinkler system, and a wood privacy fence. The property includes garage parking, public water, and public sewer. Located in Copperas Cove near shopping, dining, and Fort Hood, the duplex is positioned within a newly developed subdivision. Multiple floor plans and lots are available, and the property is identified for 2026 construction.
The exterior combines brick, stone veneer, Hardiplank, sod, an automatic sprinkler system, and a wood privacy fence. The property includes garage parking, public water, and public sewer. Located in Copperas Cove near shopping, dining, and Fort Hood, the duplex is positioned within a newly developed subdivision. Multiple floor plans and lots are available, and the property is identified for 2026 construction.
Key Highlights
- Duplex totals 2588 square feet on a 0.2511‑acre lot
- Each unit offers 3 bedrooms and 2 bathrooms
- Private primary suites include walk‑in closets and large walk‑in showers
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
$22,368
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
5.71%
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%
$447,360
$447.4K
Cap Rate 7%
$319,543
$319.5K
Cap Rate 9%
$248,533
$248.5K
Market Conditions
NOI Build-Up for 2,588 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
$34.2K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.0K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.4K $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%
$447,360
Cap Rate 7%
$319,543
Cap Rate 9%
$248,533
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,368 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,513 @ 7.0% cap · market cap 11.10%
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
38
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 - Under-construction duplex with private suites, attached garage parking, and durable low-maintenance finishes.
Where is this duplex located?
The property is located at 501 Adley Avenue 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 totals 2588 square feet on a 0.2511‑acre lot; Each unit offers 3 bedrooms and 2 bathrooms; Private primary suites include walk‑in closets and large walk‑in showers
