Duplex With Updated
For Sale
$125,000
211 Marston Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size1,122 SF
Lot Size0.17 Acres
Price / SF$111.41
Days on Market48
Property Features for 211 Marston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Appliances
ElectricRange, Oven, Refrigerator, SomeElectricAppliances
Subdivision
Cove Park
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
US 190 into Copperas Cove, left on Dewald St, left on Keenan Ave, right on Marston St. Property is on the left.
Standard status
Active
APN
118681
Size
1,122 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COVE PARK, BLOCK 4, LOT 6, ACRES .1665
Tax Annual Amount
1534
Legal Description
COVE PARK, BLOCK 4, LOT 6, ACRES .1665
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
BrickVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Armadillo Properties
(254) 547-0505
Listed By:
Denise Zehr · License #0417966
(254) 681-0282
Added: Jul 16
Changed: Aug 20
Last Checked: Sep 1 at 5:06PM
MLS# 619847
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 1,122-square-foot duplex contains two residential units, each configured with one bedroom and one full bathroom. Built in 1963, the property has vinyl and tile flooring throughout, eliminating carpeted surfaces. Central heating and central air conditioning serve the building, while each unit includes an electric range, oven, refrigerator, and additional electric appliances. Brick veneer construction and a composition shingle roof provide established exterior materials.
The roof was replaced in January 2025, and partial siding replacement was completed in October 2023. Public water and public sewer serve the property, which occupies a 0.1665-acre lot. Located at 211 Marston Avenue in Copperas Cove, Texas, the duplex offers two separate residential units within one income-producing property.
The roof was replaced in January 2025, and partial siding replacement was completed in October 2023. Public water and public sewer serve the property, which occupies a 0.1665-acre lot. Located at 211 Marston Avenue in Copperas Cove, Texas, the duplex offers two separate residential units within one income-producing property.
Key Highlights
- Two‑unit duplex with 1 bedroom and 1 full bathroom per unit
- 1,122 square feet on a 0.1665‑acre lot
- Brand‑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
Lease Details
2
Residential units
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 one-bedroom units offer durable flooring, central HVAC, and efficient layouts for residential rental use.
Where is this duplex located?
The property is located at 211 Marston Avenue 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 bedroom and 1 full bathroom per unit; 1,122 square feet on a 0.1665‑acre lot; Brand‑new roof installed in January 2025
