Two-Unit Duplex with Off-Street
For Sale
$184,900
309 Horseshoe Drive, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size1,700 SF
Lot Size0.22 Acres
Price / SF$108.76
Days on Market51
Property Features for 309 Horseshoe Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Interior features
CeilingFans, BreakfastArea
Subdivision
Cummings Addn #3
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
From US-190, take FM 116 south toward Copperas Cove. Turn onto E Avenue D, then continue to Horseshoe Dr. Turn onto Horseshoe Dr; 309 Horseshoe Dr will be on your right.
Standard status
Active
APN
118850
Size
1,700 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CUMMINGS ADDN #3, BLOCK 1, LOT 1, ACRES .2185
Tax Annual Amount
3957
Legal Description
CUMMINGS ADDN #3, BLOCK 1, LOT 1, ACRES .2185
Amenities
tile flooring
central heating and cooling
washer/dryer
off-street parking
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition, Shingle
Listing Agency:
Home Simple of Texas, Inc
Listed By:
Daniel R. Webber · License #0524009
(512) 934-1188
Added: Sep 2
Changed: Oct 20
Last Checked: Oct 22 at 4:06PM
MLS# 624299
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.
Built in 1986, this brick duplex contains 1,700 square feet across two residences, each with two bedrooms and one bathroom. Each side measures approximately 850 square feet. Interior features include ceiling fans and a breakfast area, and washer/dryer equipment is provided. One unit is currently vacant.
The property occupies a 0.2185-acre lot and includes off-street parking. The address is 309 Horseshoe Drive in Copperas Cove, Coryell County, Texas.
The property occupies a 0.2185-acre lot and includes off-street parking. The address is 309 Horseshoe Drive in Copperas Cove, Coryell County, Texas.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,700 square feet total; approximately 850 square feet per side
- One unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,693
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,860
$293.9K
Cap Rate 7%
$209,900
$209.9K
Cap Rate 9%
$163,256
$163.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$22.4K $13.20/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$21.0K $12.35/SF
− OpEx
−$6.3K −$3.70/SF
NOI
$14.7K $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 Rate 5%
$293,860
Cap Rate 7%
$209,900
Cap Rate 9%
$163,256
Alternative Uses
Best Use
Multifamily LT 5
$209.9K
$183.7K – $244.9K
NOI $14,693 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$194.2K
$169.9K – $226.6K
NOI $13,594 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$408.3K
$357.3K – $476.4K
NOI $28,583 @ 7.0% cap · market cap 15.46%
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
416
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 - Each residence has two bedrooms, one bathroom, and central heating and cooling; one unit is vacant.
Where is this duplex located?
The property is located at 309 Horseshoe Drive Copperas Cove, TX.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,700 square feet total; approximately 850 square feet per side; One unit vacant
