Duplex with Modern
For Sale
$410,000
513 Adley Avenue, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,558 SF
Lot Size0.32 Acres
Price / SF$160.28
Days on Market8
Property Features for 513 Adley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 5
Parking features
Garage
Interior features
CeilingFans, EatInKitchen, PullDownAtticStairs, RecessedLighting, ShowerOnly, SeparateShower, TubShower, Vanity, WalkInClosets, BreakfastBar, BreakfastArea, GraniteCounters, KitchenDiningCombo, Pantry
Fencing
Privacy
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, WaterHeater, SomeElectricAppliances, Microwave, Range
Subdivision
Heritage Place Addition Phase
Lot features
Cul De Sac, City Lot, Drip Irrigation Bubblers, Sprinklers In Rear, Sprinklers In Front, Sprinkler Rain Sensor, Sprinklers Automatic, Sprinklers In Ground, Sprinklers Multiple Locations, Less Than Quarter Acre
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
Standard status
Active
APN
158792
Size
2,558 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 10, ACRES 0.3184
Tax Annual Amount
417
Legal Description
HERITAGE PLACE ADDITION PHASE ONE, BLOCK 6, LOT 10, ACRES 0.3184
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
Building materials
Brick, Masonry
Roof type
Shingle, Composition
Architectural style
Modern
Listing Agency:
Prolific Realty
(254) 226-3152
Listed By:
Alexis Denegal · License #0626994
(254) 702-5332
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 24 at 1:06AM
MLS# 622896
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 modern duplex is under construction on a 0.3184-acre lot and contains 2,558 square feet. Interior details include granite countertops, stainless steel appliances, luxury vinyl flooring, recessed lighting, ceiling fans, walk-in closets, pantry storage, and kitchen dining areas with breakfast bars. Brick and masonry construction, central electric heating and cooling, privacy fencing, shingle composition roofing, and garage parking are also specified. Public water and public sewer serve the property, and one side is already rented.
The duplex is located at 513 Adley Avenue in Copperas Cove’s Heritage Place subdivision, within minutes of Fort Hood and Central Texas College. Its modern architectural style and residential configuration provide a clear two-unit format for continued rental use.
The duplex is located at 513 Adley Avenue in Copperas Cove’s Heritage Place subdivision, within minutes of Fort Hood and Central Texas College. Its modern architectural style and residential configuration provide a clear two-unit format for continued rental use.
Key Highlights
- 2,558‑square‑foot duplex on a 0.3184‑acre lot
- One side is already rented
- Granite countertops, stainless steel appliances, and luxury vinyl flooring
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
$22,109
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
5.39%
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%
$442,180
$442.2K
Cap Rate 7%
$315,843
$315.8K
Cap Rate 9%
$245,656
$245.7K
Market Conditions
NOI Build-Up for 2,558 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
$33.8K $13.20/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$31.6K $12.35/SF
− OpEx
−$9.5K −$3.70/SF
NOI
$22.1K $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 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%
$442,180
Cap Rate 7%
$315,843
Cap Rate 9%
$245,656
Alternative Uses
Best Use
Multifamily LT 5
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$614.4K
$537.6K – $716.8K
NOI $43,009 @ 7.0% cap · market cap 10.49%
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 - Under-construction property with granite counters, stainless appliances, vinyl flooring, and garage parking.
Where is this duplex located?
The property is located at 513 Adley Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,558‑square‑foot duplex on a 0.3184‑acre lot; One side is already rented; Granite countertops, stainless steel appliances, and luxury vinyl flooring
