Four-Unit Multifamily
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 Market101
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 4, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
laundry room
front porch storage closet
private back porch
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: Aug 20
Last Checked: Aug 23 at 6:06AM
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 fourplex contains 4,042 square feet across four residential units, with each unit measuring more than 1,000 square feet. Interior layouts connect the kitchen and dining area, while a pass-through links the kitchen to the living room. Dedicated laundry rooms, walk-in closets, ceiling fans, and a combination of carpet and vinyl flooring are included throughout the property.
Built in 2006, the property has brick veneer and lap siding, composition and shingle roofing, central electric heating, and central air conditioning. Each unit also includes a front porch storage closet and a private back porch. Public water and public sewer serve the property at 202 W Truman Avenue in Copperas Cove, Texas.
Built in 2006, the property has brick veneer and lap siding, composition and shingle roofing, central electric heating, and central air conditioning. Each unit also includes a front porch storage closet and a private back porch. Public water and public sewer serve the property at 202 W Truman Avenue in Copperas Cove, Texas.
Key Highlights
- Fourplex totaling 4042 square feet
- Each unit measures more than 1,000 square feet
- 0.174‑acre lot in Copperas Cove, TX
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
$34,935
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
8.82%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide private laundry areas, porch storage, and rear outdoor 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: Fourplex totaling 4042 square feet; Each unit measures more than 1,000 square feet; 0.174‑acre lot in Copperas Cove, TX
