Duplex with Attached
For Sale
$392,000
305 Rain Dance Trail, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,442 SF
Lot Size0.44 Acres
Price / SF$160.52
Days on Market100
Property Features for 305 Rain Dance Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Garage
Interior features
DoubleVanity, PullDownAtticStairs, TubShower, WalkInClosets, GraniteCounters, Pantry
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, WaterHeater, SomeElectricAppliances, Microwave, Range
Subdivision
The Valley at Great Hills
Lot features
City Lot, Quarter To Half Acre Lot, Sprinklers In Ground
Elementary school district
Lampasas ISD
Middle school district
Lampasas ISD
High school district
Lampasas ISD
Directions
Go west on I-14/Hwy 190 towards Copperas Cove, take the bypass towards Kempner/Lampasas, turn left onto Great Hills Drive, turn right onto Rain Dance Trail.
Standard status
Active
APN
188022
Size
2,442 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 26, Block 1, The Valley at Great Hills, Phase 2
Tax Annual Amount
1311
HOA Fee
$250 Annually
Legal Description
Lot 26, Block 1, The Valley at Great Hills, Phase 2
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
yard sprinkler system
sod
privacy fence
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
ERA Brokers Consolidated
(254) 698-4300
Listed By:
Lieselotte Carroll · License #0281463
(254) 554-1292
Added: Jun 30
Changed: Sep 24
Last Checked: Oct 7 at 3:06AM
MLS# 616592
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 Tippit-built duplex is under construction and measures 2,442 square feet on a 0.4401-acre site. The property includes 3 bedrooms, 2 baths, and a 1-car garage, with interior details such as granite kitchen counters, cultured marble bathroom vanities, tiled tub surrounds, and luxury vinyl plank flooring. Walk-in closets, pantries, double vanities, and pull-down attic stairs add functional storage and utility.
Exterior improvements include privacy fencing between the units, a fully irrigated yard, and up to 16 pallets of sod. The property is served by public water and public sewer and uses central electric heating and cooling. It is located at 305 Rain Dance Trail in Copperas Cove, within Lampasas County and the Lampasas school district.
Exterior improvements include privacy fencing between the units, a fully irrigated yard, and up to 16 pallets of sod. The property is served by public water and public sewer and uses central electric heating and cooling. It is located at 305 Rain Dance Trail in Copperas Cove, within Lampasas County and the Lampasas school district.
Key Highlights
- Duplex with 2,442 square feet on a 0.4401‑acre site
- 3 bedrooms, 2 baths, and a 1‑car garage
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,106
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,120
$422.1K
Cap Rate 7%
$301,514
$301.5K
Cap Rate 9%
$234,511
$234.5K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$32.2K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.2K $12.35/SF
− OpEx
−$9.0K −$3.70/SF
NOI
$21.1K $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%
$422,120
Cap Rate 7%
$301,514
Cap Rate 9%
$234,511
Alternative Uses
Best Use
Multifamily LT 5
$301.5K
$263.8K – $351.8K
NOI $21,106 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,528 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,058 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
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 - Under-construction duplex with updated finishes, private fencing, and public water and sewer service.
Where is this duplex located?
The property is located at 305 Rain Dance Trail Copperas Cove, TX.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Duplex with 2,442 square feet on a 0.4401‑acre site; 3 bedrooms, 2 baths, and a 1‑car garage; Under construction with a 2026 year built
