Updated Two-Unit
For Sale
Under Contract
$129,000
408 Sunset Lane, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size1,075 SF
Lot Size0.15 Acres
Price / SF$120
Days on Market233
Property Features for 408 Sunset Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Interior features
WalkInClosets, EatInKitchen, Pantry
Appliances
ElectricRange, Oven, Refrigerator
Subdivision
Cummings
Lot features
City Lot, Less Than Quarter Acre
Elementary school district
Killeen ISD
Middle school district
Killeen ISD
High school district
Killeen ISD
Directions
West Bound from Killeen: Stay on I-14, turn right on Georgetown Rd, right on left on Sunset. Property on Right.
Standard status
Active Under Contract
APN
118798
Size
1,075 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CUMMINGS ADDN #2, BLOCK 1, LOT 5, ACRES .154
Tax Annual Amount
2502
Legal Description
CUMMINGS ADDN #2, BLOCK 1, LOT 5, ACRES .154
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Guerrero Executives Realty
(254) 554-8554
Listed By:
Milidtza Guerrero · License #0624768
(214) 240-3455
Added: Jan 13
Changed: Aug 20
Last Checked: Sep 3 at 6:06AM
MLS# 601790
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 1,075-square-foot duplex contains two separate one-bedroom, one-bathroom units. Each side includes a private fenced backyard, while updated vinyl flooring provides a consistent finish throughout the property. Interior features include eat-in kitchens, pantries, and walk-in closets, with electric ranges, ovens, and refrigerators serving the units. Brick construction, composition shingle roofing, window-unit cooling, and public water and sewer complete the property’s basic improvements.
Built in 1971, the property occupies 0.154 acres at 408 Sunset Lane in Copperas Cove, Texas. Shopping, dining, and Fort Cavazos are identified in the surrounding area, providing nearby everyday services and an established regional employment destination. The two-unit layout supports separate occupancy arrangements within a compact residential income property.
Built in 1971, the property occupies 0.154 acres at 408 Sunset Lane in Copperas Cove, Texas. Shopping, dining, and Fort Cavazos are identified in the surrounding area, providing nearby everyday services and an established regional employment destination. The two-unit layout supports separate occupancy arrangements within a compact residential income property.
Key Highlights
- Two separate units, each with 1 bedroom and 1 bathroom
- 1,075 square feet on a 0.154‑acre lot
- Private fenced backyard provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,820
$185.8K
Cap Rate 7%
$132,729
$132.7K
Cap Rate 9%
$103,233
$103.2K
Market Conditions
NOI Build-Up for 1,075 SF
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.
Gross rent
$14.2K $13.20/SF
− Vacancy
−$917 −$0.85/SF
EGI
$13.3K $12.35/SF
− OpEx
−$4.0K −$3.70/SF
NOI
$9.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,820
Cap Rate 7%
$132,729
Cap Rate 9%
$103,233
Alternative Uses
Best Use
Multifamily LT 5
$132.7K
$116.1K – $154.9K
NOI $9,291 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,596 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$258.2K
$225.9K – $301.2K
NOI $18,074 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Two one-bedroom units feature private fenced yards, vinyl flooring, and separate living arrangements.
Where is this duplex located?
The property is located at 408 Sunset Lane Copperas Cove, TX.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Two separate units, each with 1 bedroom and 1 bathroom; 1,075 square feet on a 0.154‑acre lot; Private fenced backyard provided for each unit
