Renovated Two-Unit
For Sale
$139,900
1226 & 1228 Georgetown Rd, Copperas Cove, TX 76522
Both residences are leased on 12-month terms and offer separate kitchens, family rooms, bedrooms, and full bathrooms.
Property Size1,056 SF
Price / SF$132.48
Days on Market59
Property Features for 1226 & 1228 Georgetown Rd
General Information
Standard status
Active
Size
1,056 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$139,900
Amenities
chain-link-fenced backyard
Building Details
Year Built
1970
Construction
concrete-slab
Listing Agency:
Blessed Properties
Listed By:
Patrick Purifoy (254) 833-9639 · License #0550494
(254) 258-2058
Source:
Homeguidecentraltexas
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 16 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blessed Properties
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Investment Insights
Based on property information with market context.
This 1,056-square-foot duplex, built in 1970, contains two one-bedroom, one-bathroom residences. Each unit has a kitchen and family room. Improvements include replacement windows, tile floors, interior paint, updated lighting, and refinished cabinets. Both units use electric service, and the HVAC system for Unit 1228 was replaced in 2017. The building has concrete-slab construction, with driveway space for up to two vehicles and a chain-link-fenced backyard.
Both units are occupied under 12-month leases. The property is located at 1226 and 1228 Georgetown Rd in Copperas Cove, Texas.
Both units are occupied under 12-month leases. The property is located at 1226 and 1228 Georgetown Rd in Copperas Cove, Texas.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units; 1,056 square feet total
- Both units occupied under 12‑month leases
- Renovations include windows, tile floors, paint, lighting, and refurbished cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,127
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,540
$182.5K
Cap Rate 7%
$130,386
$130.4K
Cap Rate 9%
$101,411
$101.4K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$13.9K $13.20/SF
− Vacancy
−$900 −$0.85/SF
EGI
$13.0K $12.35/SF
− OpEx
−$3.9K −$3.70/SF
NOI
$9.1K $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 Rate 5%
$182,540
Cap Rate 7%
$130,386
Cap Rate 9%
$101,411
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.1K
NOI $9,127 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$120.6K
$105.6K – $140.7K
NOI $8,444 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$253.6K
$221.9K – $295.9K
NOI $17,755 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
527
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased on 12-month terms and offer separate kitchens, family rooms, bedrooms, and full bathrooms.
Where is this duplex located?
The property is located at 1226 & 1228 Georgetown Rd Copperas Cove, TX.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units; 1,056 square feet total; Both units occupied under 12‑month leases; Renovations include windows, tile floors, paint, lighting, and refurbished cabinetry
