Duplex with Two
New
For Sale
$165,000
203 Veterans Avenue #A & B, Copperas Cove, TX 76522
Two residences share approximately 1,040 square feet of living area in a central Copperas Cove location.
Property Size1,040 SF
Price / SF$158.65
Days on Market7
Property Features for 203 Veterans Avenue #A & B
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Multi Family Home
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,040 SF
Year Built
1974
Units
2
Listing Agency:
Level Up Real Estate
(254) 226-3033
Listed By:
Ademola Olatunji · License #0659322
(910) 258-4043
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Level Up Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units with approximately 1,040 square feet of combined living space. Built in 1974, the property is located at 203 Veterans Avenue in Copperas Cove, Texas.
Its central Copperas Cove setting provides access to major highways.
Its central Copperas Cove setting provides access to major highways.
Key Highlights
- Two residential units
- Approximately 1,040 square feet of total living space
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,989
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,780
$179.8K
Cap Rate 7%
$128,414
$128.4K
Cap Rate 9%
$99,878
$99.9K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$13.7K $13.20/SF
− Vacancy
−$887 −$0.85/SF
EGI
$12.8K $12.35/SF
− OpEx
−$3.9K −$3.70/SF
NOI
$9.0K $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%
$179,780
Cap Rate 7%
$128,414
Cap Rate 9%
$99,878
Alternative Uses
Best Use
Multifamily LT 5
$128.4K
$112.4K – $149.8K
NOI $8,989 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$118.8K
$104.0K – $138.6K
NOI $8,316 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$249.8K
$218.6K – $291.4K
NOI $17,486 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share approximately 1,040 square feet of living area in a central Copperas Cove location.
Where is this duplex located?
The property is located at 203 Veterans Avenue #A & B Copperas Cove, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two residential units; Approximately 1,040 square feet of total living space; Built in 1974
