6-Unit Apartment
For Sale
$485,000
905 N Main Street, Copperas Cove, TX 76522
Built in 1972 with updated ceramic tile and laminate flooring.
Property Size4,032 SF
Price / SF$120.29
Days on Market81
Property Features for 905 N Main Street
General Information
Standard status
Active
Size
4,032 SF
Additional Details
Multifamily Units
6
Amenities
covered parking
Listing Agency:
America'S Choice Real Estate
(254) 449-7000
Listed By:
Karen Keys · License #0550352
(254) 702-9991
Source:
Cornerstone-properties
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 28 at 8:23AM
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 America'S Choice Real Estate
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Investment Insights
Based on property information with market context.
This six-unit apartment property was constructed in 1972 and features updated flooring in ceramic tile and laminate. Interior systems include central air with electric service, supporting a straightforward multifamily configuration.
The property is located on Main Street in Copperas Cove, Texas. Exterior details include composition shingle roofing, curbs, walkways, and an asphalt surface. The source information also identifies no parking, so parking details are not represented as an amenity.
The property is located on Main Street in Copperas Cove, Texas. Exterior details include composition shingle roofing, curbs, walkways, and an asphalt surface. The source information also identifies no parking, so parking details are not represented as an amenity.
Key Highlights
- Six‑unit apartment property
- Built in 1972
- Updated ceramic tile and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,242
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,840
$644.8K
Cap Rate 7%
$460,600
$460.6K
Cap Rate 9%
$358,244
$358.2K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$62.9K $15.60/SF
− Vacancy
−$4.3K −$1.06/SF
EGI
$58.6K $14.54/SF
− OpEx
−$26.4K −$6.54/SF
NOI
$32.2K $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%
$644,840
Cap Rate 7%
$460,600
Cap Rate 9%
$358,244
Alternative Uses
Best Use
Apartment 5plus
$460.6K
$403.0K – $537.4K
NOI $32,242 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$968.5K
$847.4K – $1.13M
NOI $67,792 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
870
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?
Apartment building - Built in 1972 with updated ceramic tile and laminate flooring.
Where is this apartment building located?
The property is located at 905 N Main Street Copperas Cove, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Six‑unit apartment property; Built in 1972; Updated ceramic tile and laminate flooring
