Ranch Duplex Under
For Sale
$394,900
122 Leon Lane, Copperas Cove, TX 76522
MULTI_FAMILY - Ranch - Copperas Cove, TX
Property Size2,588 SF
Lot Size0.19 Acres
Price / SF$152.59
Days on Market306
Property Features for 122 Leon Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 1, 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
Subdivision
Heritage Place
Lot features
City Lot, Level, 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 Heritage, right on Leon
Standard status
Active
APN
158739
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 23, ACRES 0.1976
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 23, ACRES 0.1976
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
Listed By:
Jessica Lloyd · License #0644878
(251) 656-0254
Added: Oct 3, 2025
Changed: Aug 3
Last Checked: Aug 4 at 2:06AM
MLS# 594259
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 duplex is currently under construction (year built 2025) and planned as a two-sided home. Each side includes three bedrooms, with the main bedroom featuring its own bathroom, including a large walk-in shower and walk-in closet. Interiors are built around vinyl plank flooring throughout (no carpet), granite counters in both kitchens and bathrooms, and tile backsplash. The kitchens include stainless steel stove, microwave, and dishwasher, along with an electric cooktop, disposal, and multiple water heaters.
The exterior is planned with brick, stone, and hardiplank-type/masonry elements, plus full yard sod, a wood privacy fence, and sprinklers. The property is served by public water and public sewer, with electric heating and electric cooling. Roofing is specified as shingle/composition.
Each side includes a bedroom and bath layout with ceiling fans and pull-down attic stairs, along with walk-in closets and eat-in kitchen space configurations supported by the included room and interior features list. Parking is provided via a garage.
The exterior is planned with brick, stone, and hardiplank-type/masonry elements, plus full yard sod, a wood privacy fence, and sprinklers. The property is served by public water and public sewer, with electric heating and electric cooling. Roofing is specified as shingle/composition.
Each side includes a bedroom and bath layout with ceiling fans and pull-down attic stairs, along with walk-in closets and eat-in kitchen space configurations supported by the included room and interior features list. Parking is provided via a garage.
Key Highlights
- 0.19‑acre lot, planned duplex under construction
- 2,588 SF total property size, year built 2025
- Each side includes three bedrooms and a private main‑suite bathroom
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
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 - Ranch-style duplex under construction with three bedrooms per side and a garage, designed with granite kitchens and vinyl flooring.
Where is this duplex located?
The property is located at 122 Leon Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: 0.19‑acre lot, planned duplex under construction; 2,588 SF total property size, year built 2025; Each side includes three bedrooms and a private main‑suite bathroom
