Fourplex with Private
For Sale
$396,000
202 W Truman Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size4,042 SF
Lot Size0.17 Acres
Price / SF$97.97
Days on Market146
Property Features for 202 W Truman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 3
Interior features
CeilingFans, WalkInClosets, KitchenDiningCombo
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, RangeHood, SomeElectricAppliances
Subdivision
Gilmore
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
From Business 190 and Ave D, head west on Ave D. Turn right onto N. 1st St. Turn right onto Truman Ave. The property will be on your left.
Standard status
Active
APN
119708
Size
4,042 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S P GILMORE ADDN, BLOCK 8, LOT 1 S 66, ACRES .174
Tax Annual Amount
4814
Legal Description
S P GILMORE ADDN, BLOCK 8, LOT 1 S 66, ACRES .174
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl, Combination
Building materials
BrickVeneer, LapSiding
Roof type
Composition, Shingle
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Molly Repasch · License #0554928
(254) 371-9932
Added: May 15
Changed: Sep 30
Last Checked: Oct 7 at 10:06AM
MLS# 613902
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 four-unit property in Copperas Cove contains 4,042 square feet across a 0.174-acre lot. Each residence offers more than 1,000 square feet, with a kitchen connected to the dining area and a pass-through to the living room. Individual laundry rooms, front-porch storage closets, and private rear porches serve each unit. The building was constructed in 2006 and received a new roof in October 2025.
Interior features include ceiling fans and walk-in closets. Kitchens are equipped with dishwashers, electric ranges, refrigerators, and range hoods. Central electric heating and air conditioning are in place, and the property connects to public water and sewer.
Interior features include ceiling fans and walk-in closets. Kitchens are equipped with dishwashers, electric ranges, refrigerators, and range hoods. Central electric heating and air conditioning are in place, and the property connects to public water and sewer.
Key Highlights
- Four units with more than 1,000 sq. ft. each
- 4,042‑square‑foot building on a 0.174‑acre lot
- A new roof was installed in October 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,935
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,700
$698.7K
Cap Rate 7%
$499,071
$499.1K
Cap Rate 9%
$388,167
$388.2K
Market Conditions
NOI Build-Up for 4,042 SF
Gross rent
$53.4K $13.20/SF
− Vacancy
−$3.4K −$0.85/SF
EGI
$49.9K $12.35/SF
− OpEx
−$15.0K −$3.70/SF
NOI
$34.9K $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%
$698,700
Cap Rate 7%
$499,071
Cap Rate 9%
$388,167
Alternative Uses
Best Use
Multifamily LT 5
$499.1K
$436.7K – $582.3K
NOI $34,935 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$461.7K
$404.0K – $538.7K
NOI $32,322 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$970.9K
$849.5K – $1.13M
NOI $67,960 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
396
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own laundry room and outdoor porch space.
Where is this quadplex located?
The property is located at 202 W Truman Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Four units with more than 1,000 sq. ft. each; 4,042‑square‑foot building on a 0.174‑acre lot; A new roof was installed in October 2025
