Well-Maintained Duplex in Copperas
1226 Walt Morgan Circle, Copperas Cove, TX 76522
MULTI_FAMILY - Other - Copperas Cove, TX
Property size:
1,838 SFLot size:
0.26 AcresPrice / SF:
$123/SF- Added:
- Jan 22, 2026
- Days on Market:
- 146
- Last Refresh:
- Jun 17 at 4:06 am
Property Features for 1226 Walt Morgan Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
- Patio and Porch features
- Patio
- Interior features
- TubShower, Vanity, WalkInClosets, GraniteCounters, Pantry, SolidSurfaceCounters
- Exterior features
- CoveredPatio, Storage
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, WaterHeater, SomeElectricAppliances
- Standard status
- Active Under Contract
- APN
- 121861
- Size
- 1,838 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MORGAN ADDN, BLOCK 1, LOT 15, ACRES .2619
- Tax Annual Amount
- 2622
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Masonry
- Roof type
- Composition, Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Katie Strange License #0743427 (254) 316-9606
Listing office Two Lakes Real Estate 508 N Wall St, TX (254) 415-4040
Listing date Jan 22, 2026
MLS# 602649
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.
HighLights
- Duplex built in 1998 with masonry construction and composition shingle roof
- Two 2BR/1BA units: Unit 1228 vacant and move‑in ready; Unit 1226 tenant occupied
- Unit 1228: fresh interior paint, new granite counters, and ceramic tile flooring throughout
- Unit 1228 major mechanical updates: new A/C installed 2022 and new water heater installed 2025
- Unit 1226: current rent $945/month with lease through August 30, 2026; new A/C installed 2020; water heater installed 2020
- Exterior upgrades include fresh exterior paint and a new roof with impact‑resistant architectural shingles installed in 2025
Overview
This well-maintained duplex presents an opportunity for real estate investment or owner-occupancy with rental income potential. Each unit features 2 bedrooms and 1 bathroom. Unit 1228 is vacant and move-in ready, featuring fresh interior paint, new granite countertops, and ceramic tile throughout. A new A/C unit was installed in 2022, and a new water heater was installed in 2025. Unit 1226 is tenant-occupied, generating a monthly income of $945 through August 30, 2026. This unit includes ceramic tile flooring, a new A/C installed in 2020, and a new water heater installed in 2020. Exterior upgrades to the duplex include fresh paint and a new roof with impact-resistant architectural shingles installed in 2025. Situated on a 0.2619-acre lot, the property offers a total size of 1838 square feet. The property is located in Copperas Cove, Texas. The duplex offers the ability to offset the mortgage with rental income and reduce vacancy risk with two units. This property is a solid opportunity with updates already in place and room to grow.
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 | $24.3k | $13.20 |
| − Vacancy | −$1.6k | −$0.85 |
| EGI | $22.7k | $12.35 |
| − OpEx | −$6.8k | −$3.70 |
| NOI | $15.9k | $8.64 |
1,838 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.6K – $264.8K
NOI $15,886 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,698 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$441.5K
$386.3K – $515.1K
NOI $30,903 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Copperas Cove
- County
- Coryell
- State
- Texas
- Longitude
- -97.890004
- Latitude
- 31.126291
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with recent updates, offering immediate income and flexibility.
Where is this duplex located?
The property is located at 1226 Walt Morgan Circle Copperas Cove, TX.
What is the asking price?
The asking price for this property is $227,000.
What are key features of this property?
This property features: Duplex built in 1998 with masonry construction and composition shingle roof; Two 2BR/1BA units: Unit 1228 vacant and move‑in ready; Unit 1226 tenant occupied; Unit 1228: fresh interior paint, new granite counters, and ceramic tile flooring throughout
