ADA-Adapted
For Sale
$369,900
504 S 1st St, Copperas Cove, TX 76522
Custom-built two-unit property with wheelchair-accessible features, private primary-bedroom exits, and separate tankless water heaters.
Property Size2,584 SF
Price / SF$143.15
Days on Market34
Property Features for 504 S 1st St
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,350
Building Details
Year Built
2022
Listing Agency:
Sweetwaters Realty Llc
(254) 238-1694
Listed By:
Jennifer Rowe (254) 238-1694
Source:
Louis.magnoliarealtytemplebelton
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 25 at 7:06AM
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 Sweetwaters Realty Llc
Investment Insights
Based on property information with market context.
Built in 2022, this 2,584-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. The custom layout incorporates wheelchair-accessible design, including a front ramp, wider doors, expanded hallways, and an 8x14 ft accessible shower in each primary bathroom. Each primary bedroom also has its own exterior entrance and exit.
The property includes two tankless water heaters, with one serving each unit, along with a metal roof and spray foam insulation. Located at 504 S 1st St in Copperas Cove, the duplex is fully rented and provides a specialized residential configuration for both occupants and ownership use.
The property includes two tankless water heaters, with one serving each unit, along with a metal roof and spray foam insulation. Located at 504 S 1st St in Copperas Cove, the duplex is fully rented and provides a specialized residential configuration for both occupants and ownership use.
Key Highlights
- 2,584‑square‑foot duplex with two three‑bedroom, two‑bath units
- Custom wheelchair‑accessible design with front ramp, wider doors, and expanded hallways
- Each primary bathroom includes an 8x14 ft accessible shower
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
$22,334
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
6.04%
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%
$446,680
$446.7K
Cap Rate 7%
$319,057
$319.1K
Cap Rate 9%
$248,156
$248.2K
Market Conditions
NOI Build-Up for 2,584 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
$34.1K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$31.9K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.3K $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%
$446,680
Cap Rate 7%
$319,057
Cap Rate 9%
$248,156
Alternative Uses
Best Use
Multifamily LT 5
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$295.2K
$258.3K – $344.4K
NOI $20,663 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$620.7K
$543.1K – $724.1K
NOI $43,446 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
623
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 - Custom-built two-unit property with wheelchair-accessible features, private primary-bedroom exits, and separate tankless water heaters.
Where is this duplex located?
The property is located at 504 S 1st St Copperas Cove, TX.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,584‑square‑foot duplex with two three‑bedroom, two‑bath units; Custom wheelchair‑accessible design with front ramp, wider doors, and expanded hallways; Each primary bathroom includes an 8x14 ft accessible shower
