Tippit-Built Duplex with 1-Car
317 Rain Dance Trail Copperas Cove, TX 76522
317 Rain Dance Trail, Copperas Cove, TX, 76522
$395,000
For Sale
$395,000
MULTI_FAMILY - Other - Copperas Cove, TX
Property Size2,580 SF
Lot Size0.45 Acres
Price / SF$153.10
Days on Market19
Property Features for 317 Rain Dance Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Parking features
- Garage
- Interior features
- DoubleVanity, PullDownAtticStairs, TubShower, WalkInClosets, BreakfastBar, Pantry
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, WaterHeater, SomeElectricAppliances, Microwave, Range
- Standard status
- Active
- APN
- 188025
- Size
- 2,580 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 29, Block 1, The Valley at Great Hills, Phase 2
- Tax Annual Amount
- 1479
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing Agency
ERA Brokers Consolidated
(254) 698-4300
777 Indian Trl Suite 600, TX
Listed by
Lieselotte Carroll · License #0281463
(254) 554-1292
Added: Jun 30 Checked: Jul 18 at 12:06 pm
MLS# 618338
Listing URL
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 configured as rental-ready living with two units, each featuring three bedrooms and two bathrooms, along with a one-car garage. Interior finishes include granite-topped kitchen counters, cultured marble-topped bath vanities, and tiled tub surrounds, with luxury vinyl plank flooring throughout. The property also includes exterior amenities intended to support tenant use, including a fully-yard sprinkler system, privacy fencing, and provision for up to 16 pallets of sod. A dividing privacy fence is also noted to separate the units.
The duplex is located on the west side of Copperas Cove, while remaining in Lampasas County, and is zoned for the Lampasas school district. The site is identified as being within Copperas Cove’s newer multi-use development area.
With a practical two-unit layout and consistent 3-bedroom, 2-bath design across the property, this offering suits buyers looking for ownership of a duplex in a rental-oriented configuration. The included yard sprinkler system and unit-dividing privacy fencing help reduce upkeep friction while supporting a comfortable, self-contained feel for each side. Investors and owner-occupants may also appreciate the straightforward garage-to-living setup and the finish package described for the kitchen and baths.
The duplex is located on the west side of Copperas Cove, while remaining in Lampasas County, and is zoned for the Lampasas school district. The site is identified as being within Copperas Cove’s newer multi-use development area.
With a practical two-unit layout and consistent 3-bedroom, 2-bath design across the property, this offering suits buyers looking for ownership of a duplex in a rental-oriented configuration. The included yard sprinkler system and unit-dividing privacy fencing help reduce upkeep friction while supporting a comfortable, self-contained feel for each side. Investors and owner-occupants may also appreciate the straightforward garage-to-living setup and the finish package described for the kitchen and baths.
Key Highlights
- Under construction duplex built in 2026 with 3 bedrooms, 2 baths, and a 1‑car garage per unit
- Interior includes granite‑topped kitchen counters, cultured marble‑topped bath vanities, and tiled tub surround
- Luxury vinyl plank flooring throughout with walk‑in closets and double vanity in select baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $13.20 |
| − Vacancy | −$2.2k | −$0.85 |
| EGI | $31.9k | $12.35 |
| − OpEx | −$9.6k | −$3.70 |
| NOI | $22.3k | $8.64 |
2,580 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$619.7K
$542.2K – $723.0K
NOI $43,379 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - A Tippit-built duplex offering two 3-bedroom units with updated interior finishes, plus yard sprinkler and privacy fencing.
Where is this duplex located?
The property is located at 317 Rain Dance Trail Copperas Cove, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Under construction duplex built in 2026 with 3 bedrooms, 2 baths, and a 1‑car garage per unit; Interior includes granite‑topped kitchen counters, cultured marble‑topped bath vanities, and tiled tub surround; Luxury vinyl plank flooring throughout with walk‑in closets and double vanity in select baths
