Duplex with Central
For Sale
$179,000
309 Horseshoe Drive #AB, Copperas Cove, TX 76522
Two-bedroom units include tile flooring, washer/dryers, and off-street parking.
Property Size1,700 SF
Price / SF$105.29
Days on Market12
Property Features for 309 Horseshoe Drive #AB
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi Family Home
Occupancy
50%
Additional Details
Multifamily Units
2
Amenities
tile flooring
central heating and cooling
washer/dryer
Ceiling Fan(s)
Breakfast Area
Building Details
Building Size
1,700 SF
Year Built
1986
Buildings
1
Units
1
Listing Agency:
Home Simple of Texas, Inc
(512) 934-1188
Listed By:
Daniel R. Webber · License #0524009
(512) 877-0058
Source:
Bluebonnetrealty
Added: Oct 19
Changed: Oct 30
Last Checked: Oct 29 at 6:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Simple of Texas, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units, with approximately 850 square feet of living space per side. Tile flooring runs throughout, and each side has central heating and cooling, a washer/dryer, and off-street parking. The property was built in 1986. One unit is currently vacant.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Approximately 850 square feet per side; 1,700 square feet total
- Central heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,693
Cap Rate
8.21%
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 8.21%
Second Best
Apartment 5plus
$194.2K
$169.9K – $226.6K
NOI $13,594 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$408.3K
$357.3K – $476.4K
NOI $28,583 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
416
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include tile flooring, washer/dryers, and off-street parking.
Where is this duplex located?
The property is located at 309 Horseshoe Drive #AB Copperas Cove, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Approximately 850 square feet per side; 1,700 square feet total; Central heating and cooling
