Masonry Quadplex with Individual
For Sale
$370,000
905-911 S 17th Street, Copperas Cove, TX 76522
Residential, Copperas Cove, TX
Property Size2,400 SF
Lot Size0.18 Acres
Price / SF$154.17
Days on Market186
Property Features for 905-911 S 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4
Interior features
CeilingFans, TubShower
Appliances
Dryer, Dishwasher, ElectricRange, Disposal, Oven, Refrigerator, RangeHood, WaterHeater, Washer, SomeElectricAppliances, Range
Subdivision
Fairview Addn #3
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
From US-190 in Copperas Cove, head south on S 17th St. Property is located at 905-911 S 17th St, on the right-hand side.
Standard status
Active
APN
119377
Size
2,400 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW ADDN #3, BLOCK 5, LOT 1-L, ACRES .183
Tax Annual Amount
3675
Legal Description
FAIRVIEW ADDN #3, BLOCK 5, LOT 1-L, ACRES .183
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
1
Flooring type
Linoleum, Laminate
Building materials
Masonry
Roof type
Shingle, Composition
Architectural style
Ranch
Listing Agency:
Colt Real Estate Group
(254) 526-2277
Listed By:
James Switzer · License #0707502
(254) 289-7163
Added: Feb 18
Changed: Aug 20
Last Checked: Aug 23 at 11:06PM
MLS# 605211
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 four-unit multifamily property occupies a 0.183-acre parcel and provides 2,400 square feet of residential space. Each residence has its own entrance, while interior features include ceiling fans and tub-and-shower bathrooms. The improvements use masonry construction, with linoleum and laminate flooring, shingle and composition roofing, and a ranch architectural style. Appliances include ranges, refrigerators, dishwashers, disposals, ovens, range hoods, washers, dryers, and water heaters. The property was built in 1968.
Located at 905-911 S 17th Street in Copperas Cove, the property is near Fort Cavazos, shopping, dining, schools, and major thoroughfares. Public water and public sewer serve the site. Showings are by appointment, and tenants are not to be disturbed.
Located at 905-911 S 17th Street in Copperas Cove, the property is near Fort Cavazos, shopping, dining, schools, and major thoroughfares. Public water and public sewer serve the site. Showings are by appointment, and tenants are not to be disturbed.
Key Highlights
- Four separate units on one parcel
- 2,400 square feet on 0.183 acres
- Individual entrances for each residence
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
$20,743
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
5.61%
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%
$414,860
$414.9K
Cap Rate 7%
$296,329
$296.3K
Cap Rate 9%
$230,478
$230.5K
Market Conditions
NOI Build-Up for 2,400 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
$31.7K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.6K $12.35/SF
− OpEx
−$8.9K −$3.70/SF
NOI
$20.7K $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%
$414,860
Cap Rate 7%
$296,329
Cap Rate 9%
$230,478
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.3K – $345.7K
NOI $20,743 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$576.5K
$504.4K – $672.5K
NOI $40,352 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
272
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?
Quadplex - Four separate residences on one parcel with individual entrances and public water and sewer service.
Where is this quadplex located?
The property is located at 905-911 S 17th Street Copperas Cove, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Four separate units on one parcel; 2,400 square feet on 0.183 acres; Individual entrances for each residence
