Two-Unit Three-Bedroom
For Sale
$399,999
A-b-977 Cline Drive, Copperas Cove, TX 76522
Each residence offers granite kitchen finishes, two bathrooms, and a covered outdoor living area.
Property Size2,500 SF
Price / SF$159
Days on Market54
Property Features for A-b-977 Cline Drive
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$403
Amenities
granite countertops
covered patio
Building Details
Buildings
1
Listing Agency:
Donlie McMullin Realty
(254) 290-3132
Listed By:
Jack Smith · License #0454097
(254) 290-3132
Source:
Exprealty
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 30 at 11:20PM
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 Donlie McMullin Realty
Investment Insights
Based on property information with market context.
This 2,500-square-foot duplex is configured as two separate residences, with each side offering three bedrooms and two bathrooms. Both units feature open living space, granite kitchen countertops, substantial cabinet storage, and covered patio areas. The layout supports separate household occupancy while providing consistent features across the property.
The property is located in Copperas Cove near schools, shopping, and Fort Hood. Side A is currently rented, adding an existing occupancy component to the property. The address is A-B-977 Cline Drive.
The property is located in Copperas Cove near schools, shopping, and Fort Hood. Side A is currently rented, adding an existing occupancy component to the property. The address is A-B-977 Cline Drive.
Key Highlights
- Two‑unit duplex with 2,500 square feet of property size
- Each unit includes 3 bedrooms and 2 bathrooms
- Granite countertops and ample kitchen cabinet storage
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
$21,608
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
5.40%
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%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 2,500 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
$33.0K $13.20/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$30.9K $12.35/SF
− OpEx
−$9.3K −$3.70/SF
NOI
$21.6K $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%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$285.6K
$249.9K – $333.2K
NOI $19,991 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$600.5K
$525.4K – $700.6K
NOI $42,034 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
129
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?
Duplex - Each residence offers granite kitchen finishes, two bathrooms, and a covered outdoor living area.
Where is this duplex located?
The property is located at A-b-977 Cline Drive Copperas Cove, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,500 square feet of property size; Each unit includes 3 bedrooms and 2 bathrooms; Granite countertops and ample kitchen cabinet storage
