Modern Duplex Under
For Sale
$399,999
983 Cline Drive, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,500 SF
Lot Size0.22 Acres
Price / SF$159
Days on Market222
Property Features for 983 Cline Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
CeilingFans, DoubleVanity, PullDownAtticStairs, TubShower, GraniteCounters
Exterior features
CoveredPatio, Porch
Appliances
Dishwasher, ElectricRange, SomeElectricAppliances, Cooktop
Subdivision
Village At Walker Place Phs 2
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 take Hwy 190 to Cline Drive. Look for sign.
Standard status
Active
APN
158035
Size
2,500 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE AT WALKER PLACE PHS 2, BLOCK 4, LOT 40, ACRES 0.2203
Tax Annual Amount
396
Legal Description
VILLAGE AT WALKER PLACE PHS 2, BLOCK 4, LOT 40, ACRES 0.2203
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Concrete, Paintedstained
Building materials
BrickVeneer
Roof type
Shingle, Composition
Architectural style
Contemporary
Listing Agency:
Donlie McMullin Realty
(254) 547-0172
Listed By:
Jack Smith · License #0454097
(254) 290-3132
Added: Jan 22
Changed: Aug 24
Last Checked: Sep 1 at 10:06PM
MLS# 602070
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 under construction and is designed with 2,500 square feet on a 0.2203-acre lot. The property features brick veneer construction, a shingle and composition roof, central heating and central air, and garage parking. Interior details include granite counters, ceiling fans, double vanities, tub-and-shower fixtures, and pull-down attic stairs. The appliance package includes a dishwasher, electric range, and cooktop.
Outdoor features include a covered patio and porch. Public water serves the property, and the address is 983 Cline Drive in Copperas Cove, Texas. Construction is identified with a 2025 year built.
Outdoor features include a covered patio and porch. Public water serves the property, and the address is 983 Cline Drive in Copperas Cove, Texas. Construction is identified with a 2025 year built.
Key Highlights
- Duplex under construction with a 2025 year built
- 2,500 square feet on a 0.2203‑acre lot
- Brick veneer construction with shingle and composition roofing
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
$21,608
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
5.40%
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%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 2,500 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
$33.0K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.9K $12.35/SF
− OpEx
−$9.3K −$3.70/SF
NOI
$21.6K $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%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,991 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$600.5K
$525.4K – $700.6K
NOI $42,034 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
104
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 - Brick veneer construction with central HVAC, garage parking, covered outdoor space, and granite countertops.
Where is this duplex located?
The property is located at 983 Cline Drive Copperas Cove, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Duplex under construction with a 2025 year built; 2,500 square feet on a 0.2203‑acre lot; Brick veneer construction with shingle and composition roofing
