Brick Duplex with Off-Street
For Sale
$190,000
309 Horseshoe Drive, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size1,700 SF
Lot Size0.22 Acres
Price / SF$111.76
Days on Market36
Property Features for 309 Horseshoe Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
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
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Home Simple of Texas, Inc
(512) 934-1188
Listed By:
Daniel R. Webber · License #0524009
(512) 877-0058
Added: Sep 2
Changed: Sep 15
Last Checked: Oct 7 at 3:06AM
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.
Investment Insights
Based on property information with market context.
Located at 309 Horseshoe Drive in Copperas Cove, this brick duplex was built in 1986 and contains 1,700 square feet on a 0.2185-acre lot. The property includes a two-bedroom, one-bath layout, central heating and cooling, ceiling fans, a breakfast area, and a washer/dryer. Off-street parking supports everyday access, while the shingle and composition roof provides the primary overhead covering. The home is served by vinyl flooring as identified in the property details, although other source information references tile flooring; that conflicting detail is not characterized further.
Key Highlights
- Two‑bedroom, 1‑bath duplex
- 1,700 square feet on a 0.2185‑acre lot
- Brick construction built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,693
Cap Rate
7.73%
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 7.73%
Second Best
Apartment 5plus
$194.2K
$169.9K – $226.6K
NOI $13,594 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$408.3K
$357.3K – $476.4K
NOI $28,583 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath layout includes central HVAC, a washer/dryer, ceiling fans, and a breakfast area.
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 $190,000.
What are key features of this property?
This property features: Two‑bedroom, 1‑bath duplex; 1,700 square feet on a 0.2185‑acre lot; Brick construction built in 1986
