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31716939
31716940

201 West Lincoln Avenue, Copperas Cove, TX 76522

KD
TX 699130, 0699130
Matthews
Listed by Matthews
$575,000
66 days on market
Updated 59 days ago
Opportunity zone

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.

Listing Contacts

KD
TX 699130, 0699130
Matthews
Listed by Matthews

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Zoning

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HR ResidentialMulti FamilyHigh Density Residential
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Patrick Graham
License
9005919, 528005 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Kevin Diener
License
699130
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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