New Duplex Income
118 Leon Lane Copperas Cove, TX 76522
118 Leon Lane, Copperas Cove, TX, 76522
$395,000
For Sale
$395,000
MULTI_FAMILY - Ranch - Copperas Cove, TX
Property Size2,588 SF
Lot Size0.19 Acres
Price / SF$152.63
Days on Market11
Property Features for 118 Leon Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Parking features
- Garage
- Interior features
- CeilingFans, PullDownAtticStairs, Vanity, WalkInClosets, BreakfastBar, EatInKitchen, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Kitchenette
- Appliances
- Dishwasher, ElectricCooktop, Disposal, MultipleWaterHeaters, Microwave, Oven, SomeElectricAppliances, Cooktop
- Standard status
- Active
- APN
- 158740
- Size
- 2,588 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 24, ACRES .1958
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2025
- 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
3055 Stillhouse Lake Rd St 208, TX
Listed by
Jessica Lloyd · License #0644878
(251) 656-0254
Added: Jul 8 Checked: Jul 18 at 8:06 am
MLS# 619054
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.
Brand-new duplex income property with a total size of 2,588 square feet on a 0.19-acre lot. The exterior is planned with brick and stone, full yard sod, a wood privacy fence, and sprinklers. Interior features include high ceilings, vinyl plank flooring throughout, wood faux blinds, and granite countertops in both kitchens and both bathrooms. Each side includes tile backsplash and stainless steel appliances, including a stove, microwave, and dishwasher. The layout provides three bedrooms per side, with the main bedroom featuring its own private bathroom that includes a large walk-in shower and a walk-in closet.
Located in a new subdivision in Copperas Cove, Texas, the property is described as positioned for a quieter setting while still being close to everyday needs. The listing notes convenient proximity to Fort Cavazos.
Well suited for buyers looking for owner-occupied living with the option to rent one or both sides. With separate residential units, each side’s three-bedroom configuration and attached bathroom setup can support a variety of tenant or household needs while keeping finishes and materials consistent across the duplex.
Located in a new subdivision in Copperas Cove, Texas, the property is described as positioned for a quieter setting while still being close to everyday needs. The listing notes convenient proximity to Fort Cavazos.
Well suited for buyers looking for owner-occupied living with the option to rent one or both sides. With separate residential units, each side’s three-bedroom configuration and attached bathroom setup can support a variety of tenant or household needs while keeping finishes and materials consistent across the duplex.
Key Highlights
- Brand‑new 2025 duplex under construction (ranch style)
- Exterior plans include brick and stone features, full yard sod, wood privacy fence, and sprinklers
- Each side includes 3 bedrooms, with the primary bedroom offering a walk‑in closet and a private bath with a large walk‑in shower
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 | $34.2k | $13.20 |
| − Vacancy | −$2.2k | −$0.85 |
| EGI | $32.0k | $12.35 |
| − OpEx | −$9.6k | −$3.70 |
| NOI | $22.4k | $8.64 |
2,588 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,368 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,513 @ 7.0% cap · market cap 11.02%
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 - Brand-new duplexes offer a turnkey layout with multiple bedrooms, two kitchens, and low-maintenance finishes.
Where is this duplex located?
The property is located at 118 Leon Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Brand‑new 2025 duplex under construction (ranch style); Exterior plans include brick and stone features, full yard sod, wood privacy fence, and sprinklers; Each side includes 3 bedrooms, with the primary bedroom offering a walk‑in closet and a private bath with a large walk‑in shower
