Brick Duplex with Open
For Sale
$405,000
105 Leon Lane, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,645 SF
Lot Size0.18 Acres
Price / SF$153.12
Days on Market56
Property Features for 105 Leon Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 6
Parking features
Garage
Interior features
AllBedroomsDown, BreakfastBar, CeilingFans, DoubleVanity, OpenFloorplan, WalkInClosets, BreakfastArea, EatInKitchen, KitchenFamilyRoomCombo, SolidSurfaceCounters
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Oven, Refrigerator, SomeElectricAppliances, Range
Subdivision
Heritage Place Addition Phase
Lot features
City Lot, Sprinklers In Rear, Sprinklers In Front, Sprinklers Automatic, Sprinklers In Ground, Less Than Quarter Acre
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
From US Highway 190, continue for approximately 2.8 miles and take the FM 116/FM 3046 exit. Continue straight onto US Highway 190, then turn left onto FM 3046. Travel approximately 0.2 miles and turn right onto Heritage Road. Continue another 0.2 miles, then turn right onto Leon Lane. The property will be ahead.
Standard status
Active
APN
158787
Size
2,645 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 5, ACRES 0.1844
Tax Annual Amount
242
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 5, ACRES 0.1844
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
Paintedstained, Concrete
Building materials
Brick, FoamInsulation, Masonry
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
John Reider Properties II, Ltd
(254) 699-8300
Listed By:
Lauren Reider-Hallmark · License #0635363
(254) 291-0515
Added: Jul 10
Changed: Sep 1
Last Checked: Sep 3 at 6:06AM
MLS# 619326
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 under-construction duplex offers 2,645 square feet on a 0.1844-acre lot, with six bedrooms and four bathrooms across its two-unit configuration. The design incorporates an open living arrangement, soaring ceilings, concrete flooring, four-sided brick construction, spray foam insulation, and 3 cm quartz countertops. The kitchen includes stainless steel appliances, including a refrigerator, along with a breakfast bar and adjacent eating area.
Interior features include ceiling fans, designer lighting, walk-in closets, double vanities, and a primary bathroom with a glass-enclosed shower. Each unit is supported by central electric heating and cooling, public water, and public sewer. A fully fenced backyard provides private exterior space, while garage parking is included. The property is scheduled for construction completion in 2026.
Interior features include ceiling fans, designer lighting, walk-in closets, double vanities, and a primary bathroom with a glass-enclosed shower. Each unit is supported by central electric heating and cooling, public water, and public sewer. A fully fenced backyard provides private exterior space, while garage parking is included. The property is scheduled for construction completion in 2026.
Key Highlights
- 2,645‑square‑foot duplex on a 0.1844‑acre lot
- Six bedrooms and four bathrooms across the duplex
- Four‑sided brick construction with spray foam insulation
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
$22,861
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
5.64%
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%
$457,220
$457.2K
Cap Rate 7%
$326,586
$326.6K
Cap Rate 9%
$254,011
$254.0K
Market Conditions
NOI Build-Up for 2,645 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
$34.9K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.7K $12.35/SF
− OpEx
−$9.8K −$3.70/SF
NOI
$22.9K $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%
$457,220
Cap Rate 7%
$326,586
Cap Rate 9%
$254,011
Alternative Uses
Best Use
Multifamily LT 5
$326.6K
$285.8K – $381.0K
NOI $22,861 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.5K
NOI $21,151 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$635.3K
$555.9K – $741.2K
NOI $44,472 @ 7.0% cap · market cap 10.98%
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 income property with durable finishes, private outdoor space, and an attached garage.
Where is this duplex located?
The property is located at 105 Leon Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2,645‑square‑foot duplex on a 0.1844‑acre lot; Six bedrooms and four bathrooms across the duplex; Four‑sided brick construction with spray foam insulation
