Duplex with Covered
For Sale
$393,000
218 Leon Lane, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,614 SF
Lot Size0.26 Acres
Price / SF$150.34
Days on Market49
Property Features for 218 Leon Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
Garage
Interior features
CeilingFans, DoubleVanity, PullDownAtticStairs, TubShower, GraniteCounters, Pantry
Appliances
Dishwasher, ElectricRange, SomeElectricAppliances, Microwave
Subdivision
Heritage Place Addition Phase
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
In Cove turn onto FM 3046. Go under the bypass. Right on Heritage Rd. Right on Leon. Look for sign.
Standard status
Active
APN
158732
Size
2,614 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 16, ACRES 0.2631
Tax Annual Amount
339
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 4, LOT 16, ACRES 0.2631
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Flooring type
Concrete, Paintedstained
Building materials
BrickVeneer, StoneVeneer
Roof type
Shingle, Composition
Architectural style
Contemporary
Buildings
1
Listing Agency:
Donlie McMullin Realty
(254) 547-0172
Listed By:
Jack Smith · License #0454097
(254) 290-3132
Added: Sep 15
Changed: Nov 1
Last Checked: Nov 2 at 8:06PM
MLS# 625335
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.
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Investment Insights
Based on property information with market context.
This 2,614-square-foot duplex contains two 3-bedroom, 2-bath units of approximately 1,307 square feet each. Both residences have open-concept layouts, granite countertops, custom cabinetry, stainless steel appliances, stained concrete flooring, and generous storage. Each side also includes a covered back porch, a fenced backyard, a driveway, and a garage.
Set on a 0.2631-acre parcel at 218 Leon Lane in Copperas Cove, the property has one unit leased and the other available for occupancy or leasing. Both units are equipped with central heating and air conditioning, and the kitchens include a dishwasher, electric range, and microwave.
Set on a 0.2631-acre parcel at 218 Leon Lane in Copperas Cove, the property has one unit leased and the other available for occupancy or leasing. Both units are equipped with central heating and air conditioning, and the kitchens include a dishwasher, electric range, and microwave.
Key Highlights
- 2,614‑square‑foot duplex with two approximately 1,307‑square‑foot units
- Each unit has 3 bedrooms and 2 bathrooms
- One side is leased; the second unit is available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,593
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,860
$451.9K
Cap Rate 7%
$322,757
$322.8K
Cap Rate 9%
$251,033
$251.0K
Market Conditions
NOI Build-Up for 2,614 SF
Gross rent
$34.5K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.3K $12.35/SF
− OpEx
−$9.7K −$3.70/SF
NOI
$22.6K $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%
$451,860
Cap Rate 7%
$322,757
Cap Rate 9%
$251,033
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.4K – $376.6K
NOI $22,593 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$627.9K
$549.4K – $732.5K
NOI $43,950 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences include private fenced yards, garages, and outdoor covered space.
Where is this duplex located?
The property is located at 218 Leon Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $393,000.
What are key features of this property?
This property features: 2,614‑square‑foot duplex with two approximately 1,307‑square‑foot units; Each unit has 3 bedrooms and 2 bathrooms; One side is leased; the second unit is available
