New Construction Three-Bedroom
New
For Sale
$420,000
505 Adley Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,588 SF
Lot Size0.25 Acres
Price / SF$162.29
Days on Market3
Property Features for 505 Adley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking features
Garage
Interior features
CeilingFans, PullDownAtticStairs, Vanity, WalkInClosets, BreakfastBar, EatInKitchen, GraniteCounters, KitchenFamilyRoomCombo, KitchenDiningCombo, Kitchenette
Appliances
Dishwasher, ElectricCooktop, Disposal, MultipleWaterHeaters, Microwave, Oven, SomeElectricAppliances, Cooktop
Subdivision
Heritage Place
Lot features
Cul De Sac, City Lot, Level, Quarter To Half Acre Lot
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
190 W, Take 3046 (left), right on Adley, Duplex at the end
Standard status
Active
APN
158794
Size
2,588 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 12, ACRES 0.2181
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 12, ACRES 0.2181
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
automatic sprinkler system
wood privacy fence
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick, HardiplankType, Masonry, StoneVeneer
Roof type
Composition, Shingle
Architectural style
Ranch
Listing Agency:
The Real Estate Home Team Llc
(254) 213-2708
Listed By:
Jessica Lloyd · License #0644878
(251) 656-0254
Added: Aug 21
Last Checked: Aug 23 at 5:06PM
MLS# 623324
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 duplex is planned as two ranch-style residences, each offering three bedrooms and a private primary suite with an en suite bathroom, walk-in shower, and walk-in closet. Interior features include luxury vinyl flooring, granite countertops, tile backsplashes, stainless steel appliances, soaring ceilings, modern fixtures, ceiling fans, and walk-in closets. Each residence also includes a garage, a breakfast bar, and combined kitchen, dining, and family areas.
The property occupies 0.2511 acres at 505 Adley Avenue in Copperas Cove, with brick, stone veneer, and HardiePlank-style exterior materials. Full sod, an automatic sprinkler system, and a wood privacy fence are planned for the outdoor areas. Public water and public sewer serve the property, and electric systems provide heating and cooling. Shopping, dining, and Fort Hood are described as being minutes away.
The property size is 2,588 square feet, with a 2026 year built designation. Multiple floor plans and lots are available, and the duplex format supports either owner occupancy with the other side rented or rental of both residences.
The property occupies 0.2511 acres at 505 Adley Avenue in Copperas Cove, with brick, stone veneer, and HardiePlank-style exterior materials. Full sod, an automatic sprinkler system, and a wood privacy fence are planned for the outdoor areas. Public water and public sewer serve the property, and electric systems provide heating and cooling. Shopping, dining, and Fort Hood are described as being minutes away.
The property size is 2,588 square feet, with a 2026 year built designation. Multiple floor plans and lots are available, and the duplex format supports either owner occupancy with the other side rented or rental of both residences.
Key Highlights
- Two‑unit duplex with 3 bedrooms per residence
- 2,588 square feet on a 0.2511‑acre lot
- 2026 year built designation; property condition listed as under construction
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
$22,368
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
5.33%
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%
$447,360
$447.4K
Cap Rate 7%
$319,543
$319.5K
Cap Rate 9%
$248,533
$248.5K
Market Conditions
NOI Build-Up for 2,588 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
$34.2K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$32.0K $12.35/SF
− OpEx
−$9.6K −$3.70/SF
NOI
$22.4K $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%
$447,360
Cap Rate 7%
$319,543
Cap Rate 9%
$248,533
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.8K
NOI $22,368 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,513 @ 7.0% cap · market cap 10.36%
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
38
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-unit ranch property with upgraded finishes, private primary suites, garages, and separate outdoor areas.
Where is this duplex located?
The property is located at 505 Adley Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms per residence; 2,588 square feet on a 0.2511‑acre lot; 2026 year built designation; property condition listed as under construction
