Tenant-Occupied
For Sale
$354,900
1328 Liberation Lane, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,220 SF
Lot Size0.20 Acres
Price / SF$159.86
Days on Market139
Property Features for 1328 Liberation Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Garage
Patio and Porch features
Patio
Interior features
CeilingFans, LaminateCounters, TubShower, Vanity, Pantry
Exterior features
CoveredPatio
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, MultipleWaterHeaters, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
Liberty Star Subd Phs 2
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
via US-190 BUS W and I-14 Killeen, Texas Continue to Fort Hood Continue on I-14 to Coryell County. Take the Old Copperas Cove Rd exit from US-190 Take Constitution Dr to Liberation Ln in Copperas Cove
Standard status
Active
APN
153916
Size
2,220 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LIBERTY STAR SUBD PHS 2, BLOCK 3, LOT 16, ACRES .1977
Tax Annual Amount
6442
Legal Description
LIBERTY STAR SUBD PHS 2, BLOCK 3, LOT 16, ACRES .1977
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick, Masonry, StoneVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
The Real Estate Home Team Llc
(254) 213-2708
Listed By:
Danette Lanns · License #0652399
(254) 681-0170
Added: Apr 30
Changed: Sep 13
Last Checked: Sep 14 at 11:06PM
MLS# 612223
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.
Built in 2020, this duplex contains 2,220 square feet with a combined 6-bedroom, 4-bathroom configuration. Each residence features vinyl flooring, laminate countertops, black appliances, pantry storage, ceiling fans, and tub-and-shower bathrooms. The exterior pairs brick and stone veneer with a composition shingle roof, while central electric heating and central air conditioning serve the interiors. A garage, privacy fencing, and covered patio add functional improvements.
The property sits on 0.1977 acres in Copperas Cove, Texas, near shopping, dining, and major roadways. Both units are tenant-occupied, and the property is connected to public water and public sewer. Its residential layout supports continued use as a two-unit income property or an owner-occupied arrangement.
The property sits on 0.1977 acres in Copperas Cove, Texas, near shopping, dining, and major roadways. Both units are tenant-occupied, and the property is connected to public water and public sewer. Its residential layout supports continued use as a two-unit income property or an owner-occupied arrangement.
Key Highlights
- Duplex with 2,220 square feet, 6 bedrooms, and 4 bathrooms
- Built in 2020 on a 0.1977‑acre parcel
- Both units are currently tenant‑occupied
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
$19,188
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
5.41%
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%
$383,760
$383.8K
Cap Rate 7%
$274,114
$274.1K
Cap Rate 9%
$213,200
$213.2K
Market Conditions
NOI Build-Up for 2,220 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
$29.3K $13.20/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$27.4K $12.35/SF
− OpEx
−$8.2K −$3.70/SF
NOI
$19.2K $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%
$383,760
Cap Rate 7%
$274,114
Cap Rate 9%
$213,200
Alternative Uses
Best Use
Multifamily LT 5
$274.1K
$239.9K – $319.8K
NOI $19,188 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,752 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,326 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
45
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
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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 - Two residential units combine durable finishes with garage parking and covered outdoor space.
Where is this duplex located?
The property is located at 1328 Liberation Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Duplex with 2,220 square feet, 6 bedrooms, and 4 bathrooms; Built in 2020 on a 0.1977‑acre parcel; Both units are currently tenant‑occupied
