

Listed by Matthews
$575,000
201 W Lincoln Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,000
Units 10
Cap Rate 8.20%
Price per SqFt $82
Year Built 1978
Buildings 1
Stories 2
Multifamily | 10 Units | $575,000
Investment highlights
- Compelling basis at $57,500/door — well below replacement cost, offering meaningful downside protection and long-term appreciation potential.
- Uniform 1BD/1BA configuration — all 10 units target the broadest renter demographic in the submarket, keeping operations simple and turnover manageable.
- Value-add upside — rents can move 10%+ through operational improvements, or 20%+ with light unit renovations on a 1975-vintage asset with clear repositioning runway.
- Fort Hood proximity — Copperas Cove sits immediately adjacent to one of the country's largest military installations, drawing a steady flow of active-duty tenants and military families.
- Relative affordability drives demand — the Copperas Cove/Killeen corridor continues to attract households relocating from higher-cost Texas metros, supporting occupancy and rent growth.
- Stable local demographics — median household income of ~$60,000 supports healthy rent-to-income ratios and sustained rental demand.
No creative financing will be offered, considered or responded to.
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Listed by Matthews
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Zoning
HR ResidentialMulti FamilyHigh Density Residential
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View all 105 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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