Duplex with 2025
For Sale
$125,000
211 Marston Ave, Copperas Cove, TX 76522
Two compact residential units feature carpet-free interiors and updated exterior components.
Property Size1,122 SF
Price / SF$111.41
Days on Market51
Property Features for 211 Marston Ave
General Information
Standard status
Active
Size
1,122 SF
Property subtype
Multi-Family
Building Details
Year Built
1963
Listing Agency:
Armadillo Properties
(254) 681-0282
Listed By:
Denise Zehr (254) 547-0505 · License #0417966
Source:
Homeguidecentraltexas
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 25 at 6:45AM
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 Armadillo Properties
Investment Insights
Based on property information with market context.
This duplex at 211 Marston Ave in Copperas Cove, Texas, contains 1,122 square feet and was built in 1963. The property is configured as two residential units, with each unit offering 1 bedroom and 1 full bathroom. Flooring throughout the building is free of carpet, supporting straightforward upkeep and a consistent interior finish.
Exterior improvements include a new roof installed in January 2025 and partial siding replacement completed in October 2023. The combination of a two-unit layout, recent roof work, and updated siding provides a clear physical profile for a residential income property.
Exterior improvements include a new roof installed in January 2025 and partial siding replacement completed in October 2023. The combination of a two-unit layout, recent roof work, and updated siding provides a clear physical profile for a residential income property.
Key Highlights
- Two‑unit duplex with 1,122 square feet
- Each unit includes 1 bedroom and 1 full bathroom
- New roof installed in January 2025
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
$9,698
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
7.76%
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%
$193,960
$194.0K
Cap Rate 7%
$138,543
$138.5K
Cap Rate 9%
$107,756
$107.8K
Market Conditions
NOI Build-Up for 1,122 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
$14.8K $13.20/SF
− Vacancy
−$957 −$0.85/SF
EGI
$13.9K $12.35/SF
− OpEx
−$4.2K −$3.70/SF
NOI
$9.7K $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%
$193,960
Cap Rate 7%
$138,543
Cap Rate 9%
$107,756
Alternative Uses
Best Use
Multifamily LT 5
$138.5K
$121.2K – $161.6K
NOI $9,698 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$128.2K
$112.2K – $149.5K
NOI $8,972 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$269.5K
$235.8K – $314.4K
NOI $18,865 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
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?
Duplex - Two compact residential units feature carpet-free interiors and updated exterior components.
Where is this duplex located?
The property is located at 211 Marston Ave Copperas Cove, TX.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,122 square feet; Each unit includes 1 bedroom and 1 full bathroom; New roof installed in January 2025
