New Construction
For Sale
$392,000
321 Rain Dance Trail, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,442 SF
Lot Size0.53 Acres
Price / SF$160.52
Days on Market100
Property Features for 321 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
188026
Size
2,442 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 30, Block 1, The Valley at Great Hills, Phase 2
Tax Annual Amount
1311
HOA Fee
$250 Annually
Legal Description
Lot 30, 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
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 4:06AM
MLS# 618336
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 under-construction duplex is planned as a 2,442-square-foot property on 0.53 acres, with a 2026 year built designation. The layout is described with 3 bedrooms, 2 baths, and a 1-car garage. Interior features include granite kitchen counters, cultured marble bathroom vanities, tiled tub surrounds, luxury vinyl plank flooring, walk-in closets, pantries, and double vanities. Central electric heating and cooling, an electric water heater, and a composition shingle roof are also specified.
The property is located at 321 Rain Dance Trail in Copperas Cove, within Lampasas County and the Lampasas school district. Public water and public sewer serve the property. Exterior improvements include a privacy fence dividing the units, a fully irrigated yard, and up to 16 pallets of sod.
The property is located at 321 Rain Dance Trail in Copperas Cove, within Lampasas County and the Lampasas school district. Public water and public sewer serve the property. Exterior improvements include a privacy fence dividing the units, a fully irrigated yard, and up to 16 pallets of sod.
Key Highlights
- 2,442‑square‑foot duplex on 0.53 acres
- 3 bedrooms, 2 baths, and a 1‑car garage
- Under construction with a 2026 year built designation
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, garage parking, and public utilities.
Where is this duplex located?
The property is located at 321 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: 2,442‑square‑foot duplex on 0.53 acres; 3 bedrooms, 2 baths, and a 1‑car garage; Under construction with a 2026 year built designation
