4-Unit Two-Story
For Sale
$400,000
809 Industrial Avenue, Copperas Cove, TX 76522
Fully leased multifamily property with two-story layouts, refreshed building systems, and a mix of three-bedroom and two-bedroom units.
Property Size4,290 SF
Price / SF$93.24
Days on Market38
Property Features for 809 Industrial Avenue
General Information
Standard status
Active
Size
4,290 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,245
Building Details
Stories
2
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Julio Ruiz
(512) 653-5833
Source:
Exprealty
Added: Aug 31
Changed: Sep 12
Last Checked: Oct 5 at 7:09PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 4,290-square-foot quadplex contains a mix of 3/2 and 2/2 units arranged in functional two-story floor plans. The property is 100% leased, with leases extending through 2027. Recent improvements include a new roof installed in February 2025, two new HVAC units, updated exterior paint, and replacement appliances as needed. Tile flooring is installed throughout the main living areas.
Located in Copperas Cove, the property sits less than one mile from schools, dining, a park, and a golf course. The address is 809 Industrial Avenue, Copperas Cove, TX 76522. Showings are available by appointment.
Located in Copperas Cove, the property sits less than one mile from schools, dining, a park, and a golf course. The address is 809 Industrial Avenue, Copperas Cove, TX 76522. Showings are available by appointment.
Key Highlights
- 4,290 SF quadplex with 3/2 and 2/2 unit mix
- 100% leased with leases extending through 2027
- New roof installed February 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,305
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,100
$686.1K
Cap Rate 7%
$490,071
$490.1K
Cap Rate 9%
$381,167
$381.2K
Market Conditions
NOI Build-Up for 4,290 SF
Gross rent
$66.9K $15.60/SF
− Vacancy
−$4.6K −$1.06/SF
EGI
$62.4K $14.54/SF
− OpEx
−$28.1K −$6.54/SF
NOI
$34.3K $8.00/SF
Area
Coryell County, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,100
Cap Rate 7%
$490,071
Cap Rate 9%
$381,167
Alternative Uses
Best Use
Multifamily LT 5
$529.7K
$463.5K – $618.0K
NOI $37,079 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.8K
NOI $34,305 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.03M
$901.6K – $1.20M
NOI $72,130 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
809
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property with two-story layouts, refreshed building systems, and a mix of three-bedroom and two-bedroom units.
Where is this quadplex located?
The property is located at 809 Industrial Avenue Copperas Cove, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4,290 SF quadplex with 3/2 and 2/2 unit mix; 100% leased with leases extending through 2027; New roof installed February 2025
