Four-Unit Quadplex with
For Sale
$350,850
301 W Avenue D, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size3,580 SF
Lot Size0.24 Acres
Price / SF$98
Days on Market100
Property Features for 301 W Avenue D
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 1
Interior features
CeilingFans, MultipleClosets, EatInKitchen
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, RangeHood, SomeElectricAppliances, Range
Subdivision
Original Town Copperas Co
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
From N. 1st St (FM 116) and Ave D go west on Ave D. The property is on the corner of Ave D and S. 3rd St.
Standard status
Active
APN
123837
Size
3,580 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORIGINAL TOWN COPPERAS COVE, BLOCK 5, LOT 1A, ACRES .238
Tax Annual Amount
4545
Legal Description
ORIGINAL TOWN COPPERAS COVE, BLOCK 5, LOT 1A, ACRES .238
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
patios
Building Details
Year built
2005
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Combination, Carpet
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 22 at 2:06PM
MLS# 613844
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.
Located at 301 W Avenue D in Copperas Cove, this four-unit property contains 3,580 square feet on a 0.238-acre lot. Built in 2005, the building features brick veneer and lap siding with a composition shingle roof. Each unit includes an eat-in kitchen, hall linen storage, an exterior storage closet, ceiling fans, and front and rear patios. Primary bedrooms offer wall-length closet space, while vinyl and carpet flooring are used throughout the interiors.
Appliances include dishwashers, electric ranges, refrigerators, range hoods, and electric water heaters. Central electric heating and central air conditioning serve the units. The property is connected to public water and public sewer, and one long-term tenant is already in place.
Appliances include dishwashers, electric ranges, refrigerators, range hoods, and electric water heaters. Central electric heating and central air conditioning serve the units. The property is connected to public water and public sewer, and one long-term tenant is already in place.
Key Highlights
- Four‑unit property with 3,580 square feet of building area
- Situated on a 0.238‑acre corner lot in Copperas Cove
- Built in 2005 with brick veneer and lap siding
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
$30,942
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%
$618,840
$618.8K
Cap Rate 7%
$442,029
$442.0K
Cap Rate 9%
$343,800
$343.8K
Market Conditions
NOI Build-Up for 3,580 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
$47.3K $13.20/SF
− Vacancy
−$3.1K −$0.85/SF
EGI
$44.2K $12.35/SF
− OpEx
−$13.3K −$3.70/SF
NOI
$30.9K $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%
$618,840
Cap Rate 7%
$442,029
Cap Rate 9%
$343,800
Alternative Uses
Best Use
Multifamily LT 5
$442.0K
$386.8K – $515.7K
NOI $30,942 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.1K
NOI $28,628 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$859.9K
$752.4K – $1.00M
NOI $60,192 @ 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
681
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 - Each residence includes outdoor patio space, storage, and a primary bedroom with extensive closet capacity.
Where is this quadplex located?
The property is located at 301 W Avenue D Copperas Cove, TX.
What is the asking price?
The asking price for this property is $350,850.
What are key features of this property?
This property features: Four‑unit property with 3,580 square feet of building area; Situated on a 0.238‑acre corner lot in Copperas Cove; Built in 2005 with brick veneer and lap siding
