Six-Unit Apartment
For Sale
$485,000
905 N Main Street, Copperas Cove, TX 76522
CommercialSale, Copperas Cove, TX
Property Size4,032 SF
Lot Size0.25 Acres
Price / SF$120.29
Days on Market49
Property Features for 905 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
W H Davis
Lot features
City Lot, Less Than Quarter Acre
Elementary school
Hettie Halestead Elementary
Middle school
S.C.Lee
High school
Copperas Cove High School
Elementary school district
Copperas Cove ISD
Middle school district
Copperas Cove ISD
High school district
Copperas Cove ISD
Directions
Heading West on Hwy 190 into Copperas Cove. Right on Avenue D, Right at 2nd light is Main Street. Property is about 1/2 mile on Left across from Elementary School.
Standard status
Active
APN
102542
Size
4,032 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
0276 W H DAVIS, ACRES .249
Tax Annual Amount
6627
Legal Description
0276 W H DAVIS, ACRES .249
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered parking
Building Details
Year built
1972
Floors in Building
2
Flooring type
Laminate, Tile
Building materials
BrickVeneer, Frame
Roof type
Shingle, Composition
Listing Agency:
America'S Choice Real Estate
(254) 449-7000
Listed By:
Karen Keys · License #0550352
(254) 702-9991
Added: Jul 13
Changed: Aug 20
Last Checked: Aug 30 at 12:06PM
MLS# 602959
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 apartment property contains six units within a 4,032-square-foot building on a 0.249-acre parcel. Construction includes brick veneer and frame components, with laminate and tile flooring installed throughout portions of the property. Covered parking is also provided.
Built in 1972, the building is served by central electric heating and central air conditioning. Public water and public sewer support the property, while the roof consists of shingle and composition materials. The asset is located on N Main Street in Copperas Cove, Texas, within Coryell County.
Built in 1972, the building is served by central electric heating and central air conditioning. Public water and public sewer support the property, while the roof consists of shingle and composition materials. The asset is located on N Main Street in Copperas Cove, Texas, within Coryell County.
Key Highlights
- Six‑unit apartment property on a 0.249‑acre parcel
- 4,032‑square‑foot building constructed in 1972
- Updated laminate and tile 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
$32,242
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
6.65%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
870
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Brick-and-frame multifamily property with updated flooring and covered parking in Copperas Cove.
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 on a 0.249‑acre parcel; 4,032‑square‑foot building constructed in 1972; Updated laminate and tile flooring
