Fourplex with Private Back
For Sale
$396,000
105 W Truman Avenue, Copperas Cove, TX 76522
MULTI_FAMILY - Copperas Cove, TX
Property Size4,042 SF
Lot Size0.26 Acres
Price / SF$97.97
Days on Market94
Property Features for 105 W Truman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 5
Interior features
CeilingFans, TubShower, KitchenDiningCombo
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, Range
Subdivision
Gilmore
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
From the intersection of Bus 190 and Ave D, head west on Ave D to N. 1st St. Turn right on N. 1st St. Turn right onto W. Truman. The property will be on your right.
Standard status
Active
APN
119753
Size
4,042 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S P GILMORE ADDN, BLOCK 13, LOT 7 S 100', ACRES .264
Tax Annual Amount
4814
Legal Description
S P GILMORE ADDN, BLOCK 13, LOT 7 S 100', ACRES .264
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
BrickVeneer, LapSiding
Roof type
Composition, Shingle
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Added: May 14
Changed: Aug 3
Last Checked: Aug 15 at 2:06AM
MLS# 613708
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 fourplex offers a functional layout designed around everyday flow, with kitchen-dining connections and a pass-through opening to the living area. Each unit includes a dedicated laundry room, a front porch storage closet, and a private back porch. Public-facing appeal is supported by in-unit conveniences and consistent floor plan features across the property.
Constructed in 2006, the building totals 4,042 square feet on a 0.264-acre lot. Exterior materials include brick veneer and lap siding, with a composition shingle roof. Heating and cooling are electric, with central air and central electric heat.
Utilities are in place with public water and public sewer. The home includes interior features such as ceiling fans and tub/shower combinations, with kitchen dining setups and appliances including dishwasher, electric range, electric water heater, and refrigerator.
Constructed in 2006, the building totals 4,042 square feet on a 0.264-acre lot. Exterior materials include brick veneer and lap siding, with a composition shingle roof. Heating and cooling are electric, with central air and central electric heat.
Utilities are in place with public water and public sewer. The home includes interior features such as ceiling fans and tub/shower combinations, with kitchen dining setups and appliances including dishwasher, electric range, electric water heater, and refrigerator.
Key Highlights
- Fourplex with units over 1,000 sq. ft. each featuring kitchen open to dining and pass‑through to living room
- Each unit has a dedicated laundry room, front porch storage closet, and private back porch
- 4,042 sq. ft. total on 0.264‑acre lot
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
$34,935
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
8.82%
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%
$698,700
$698.7K
Cap Rate 7%
$499,071
$499.1K
Cap Rate 9%
$388,167
$388.2K
Market Conditions
NOI Build-Up for 4,042 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
$53.4K $13.20/SF
− Vacancy
−$3.4K −$0.85/SF
EGI
$49.9K $12.35/SF
− OpEx
−$15.0K −$3.70/SF
NOI
$34.9K $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%
$698,700
Cap Rate 7%
$499,071
Cap Rate 9%
$388,167
Alternative Uses
Best Use
Multifamily LT 5
$499.1K
$436.7K – $582.3K
NOI $34,935 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$461.7K
$404.0K – $538.7K
NOI $32,322 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$970.9K
$849.5K – $1.13M
NOI $67,960 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
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?
Quadplex - Fourplex built in 2006 with dedicated laundry rooms and private back porches in each unit.
Where is this quadplex located?
The property is located at 105 W Truman Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Fourplex with units over 1,000 sq. ft. each featuring kitchen open to dining and pass‑through to living room; Each unit has a dedicated laundry room, front porch storage closet, and private back porch; 4,042 sq. ft. total on 0.264‑acre lot
