Renovated Duplex with Fenced
New
For Sale
$139,900
1226 & 1228 Georgetown Road, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size1,056 SF
Lot Size0.11 Acres
Price / SF$132.48
Days on Market2
Property Features for 1226 & 1228 Georgetown Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
CeilingFans
Appliances
ElectricRange, Refrigerator, SomeElectricAppliances, Range
Subdivision
Westview
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
In Copperas Cove, from Highway 190 (beside the Dairy Queen) turn on Georgetown (only goes one way). The property will be ahead on the left.
Standard status
Active
APN
126764
Size
1,056 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTVIEW ADDN CC, BLOCK J, LOT 6 N16 & S41 LOT 7, ACRES .111
Tax Annual Amount
2447
Legal Description
WESTVIEW ADDN CC, BLOCK J, LOT 6 N16 & S41 LOT 7, ACRES .111
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Tile
Roof type
Shingle, Composition
Listing Agency:
Blessed Properties
(254) 833-9639
Listed By:
Patrick Purifoy · License #0550494
(833) 427-8925
Added: Sep 14
Last Checked: Sep 15 at 9:06AM
MLS# 625254
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 duplex contains 1,056 square feet arranged as two independent one-bedroom, one-bath units. Each residence includes a family room, kitchen, and full bathroom with a tub-and-shower combination. Renovations include replacement windows, tile flooring, interior paint, updated lighting, and refreshed cabinetry. The property rests on a concrete slab and includes driveway parking for up to two vehicles plus a chain-link-enclosed backyard.
Both units use electric systems and have no gas service. Unit 1228 received a replacement HVAC system in 2017. Public water and public sewer serve the property, which was built in 1970. The layout may accommodate an owner-occupant or investor, subject to applicable requirements.
Both units use electric systems and have no gas service. Unit 1228 received a replacement HVAC system in 2017. Public water and public sewer serve the property, which was built in 1970. The layout may accommodate an owner-occupant or investor, subject to applicable requirements.
Key Highlights
- Two 1‑bedroom, 1‑bath units totaling 1,056 square feet
- Recent updates include windows, tile flooring, paint, lighting, and cabinetry
- Driveway parking for up to two vehicles
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
$9,127
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
6.52%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer one-bedroom layouts, electric service, driveway parking, and access to a fenced backyard.
Where is this duplex located?
The property is located at 1226 & 1228 Georgetown Road 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‑bath units totaling 1,056 square feet; Recent updates include windows, tile flooring, paint, lighting, and cabinetry; Driveway parking for up to two vehicles
