Brick Duplex with Covered
New
For Sale
$150,000
602 Highway Avenue #A-B, Copperas Cove, TX 76522
Two separate residences feature private entrances and hardwood flooring in the main living areas.
Property Size1,479 SF
Price / SF$101.42
Days on Market4
Property Features for 602 Highway Avenue #A-B
General Information
Standard status
Active
Size
1,479 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
covered carports
mature shade trees
outdoor space
Ceiling Fan(s)
Breakfast Area
Building Details
Building Size
1,479 SF
Year Built
1964
Units
2
Construction
brick
Listing Agency:
Centex Priority Real Estate
(254) 522-4000
Listed By:
Erica McPhail · License #0590471
(254) 338-2122
Source:
Bluebonnetrealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 5 at 9:51PM
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 Centex Priority Real Estate
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Investment Insights
Based on property information with market context.
This 1964 brick duplex contains two separate units across 1,479 square feet. Each residence has a dedicated entrance, living areas, a kitchen, and hardwood flooring in its main rooms. Covered carports provide parking, while mature shade trees and outdoor space are present on the lot.
The property is at 602 Highway Avenue in Copperas Cove, with shopping, dining, schools, and major commuting routes nearby.
The property is at 602 Highway Avenue in Copperas Cove, with shopping, dining, schools, and major commuting routes nearby.
Key Highlights
- Two‑unit duplex totaling 1,479 square feet
- Built in 1964 with a brick exterior
- Each unit has a dedicated entrance, living area, kitchen, and hardwood flooring in main rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,783
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,660
$255.7K
Cap Rate 7%
$182,614
$182.6K
Cap Rate 9%
$142,033
$142.0K
Market Conditions
NOI Build-Up for 1,479 SF
Gross rent
$19.5K $13.20/SF
− Vacancy
−$1.3K −$0.85/SF
EGI
$18.3K $12.35/SF
− OpEx
−$5.5K −$3.70/SF
NOI
$12.8K $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%
$255,660
Cap Rate 7%
$182,614
Cap Rate 9%
$142,033
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.8K – $213.1K
NOI $12,783 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$169.0K
$147.8K – $197.1K
NOI $11,827 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$355.2K
$310.8K – $414.5K
NOI $24,867 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature private entrances and hardwood flooring in the main living areas.
Where is this duplex located?
The property is located at 602 Highway Avenue #A-B Copperas Cove, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,479 square feet; Built in 1964 with a brick exterior; Each unit has a dedicated entrance, living area, kitchen, and hardwood flooring in main rooms
