| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 W Avenue A, Belton, TX, 76513, US |
| Region / Metro | Belton |
| Year of Construction | 1978 |
| Units | 32 |
| Transaction Date | 2023-07-27 |
| Transaction Price | $3,637,550 |
| Buyer | PINEWOOD VALLEY APARTMENTS LP |
| Seller | BELTON DEVELOPMENT LIMITED |
330 W Avenue A Belton Multifamily Investment
Neighborhood indicators point to a durable renter base—renter-occupied housing is meaningful in the area—supporting leasing consistency, according to WDSuite’s CRE market data.
Located in Belton within the Killeen-Temple metro, the neighborhood is rated A- and ranks 26 out of 139 locally, placing it competitive among Killeen-Temple neighborhoods. Amenity access is favorable for an inner suburb: parks and cafes rank near the top of the metro (both in the better third of 139 neighborhoods) and land in the low-to-mid 70s nationally by percentile, supporting day-to-day livability and resident retention.
Renter concentration is substantial at the neighborhood level, with renter-occupied units representing a sizable share of housing and ranking 54 out of 139—competitive among Killeen-Temple neighborhoods and in the upper national percentiles. This depth of the tenant base supports multifamily demand and reduces lease-up risk. By contrast, the neighborhood occupancy rate ranks 103 of 139 (below the metro median), so operators may need to emphasize marketing, unit quality, and management execution to sustain occupancy.
The property’s 1978 vintage is older than the neighborhood’s average construction year (1988). For investors, this points to capital planning around systems, interiors, and common areas, with potential value-add upside to sharpen competitive positioning against newer stock.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding over the next five years, indicating a larger tenant base and ongoing renter pool expansion. Median contract rents in the neighborhood have risen meaningfully over the past five years, while home values remain moderate for the region; combined with a value-to-income ratio that trends on the higher side nationally, the ownership market’s relative cost can help sustain reliance on multifamily rentals and support pricing power with careful lease management.
Schools in the neighborhood score below national norms (national percentile in the mid-20s), which may temper appeal for some family households; however, proximity to everyday amenities—grocers, pharmacies, restaurants—ranks above the metro median and supports convenience-oriented retention.
Neighborhood safety compares modestly better than average regionally, with crime ranking 54 out of 139 in the Killeen-Temple metro—competitive versus many local peers and around the 60th percentile nationally for safety. Recent trend data shows notable year-over-year declines in both violent and property offenses, signaling momentum in the right direction. Conditions can vary block to block; investors typically underwrite to submarket trend lines and on-the-ground assessments rather than a single point-in-time metric.
Regional employers within commuting range provide a diversified white-collar base that can support renter demand and retention, including financial services, insurance, and large tech and industrial headquarters noted below.
- Raymond James — financial services offices (31.5 miles)
- Farmers Insurance - Doug Gaul — insurance offices (35.6 miles)
- Dell Technologies — technology HQ (41.2 miles) — HQ
- Arconic — industrial & materials HQ (43.9 miles) — HQ
330 W Avenue A offers 32 units in an inner-suburban setting with a meaningful neighborhood renter base and amenity access that supports day-to-day livability. While the neighborhood’s occupancy rank is below the metro median, renter concentration is competitive within Killeen-Temple and strong by national comparison—favorable for demand depth and lease continuity. According to CRE market data from WDSuite, recent rent growth at the neighborhood level and projected 3-mile household expansion reinforce prospects for steady absorption with capable management.
Built in 1978, the asset is older than the neighborhood average, suggesting clear value-add pathways through system upgrades and unit/interior refreshes to enhance competitiveness versus newer stock. Ownership costs in the area appear relatively elevated compared with incomes nationally, which can sustain reliance on rentals; balanced against this are softer school ratings and the need to actively manage occupancy and retention.
- Competitive neighborhood renter concentration supports demand depth and lease stability.
- 1978 vintage presents value-add potential via targeted renovations and system modernization.
- Household growth within 3 miles points to a larger tenant base and absorption support over the medium term.
- Relative ownership costs help reinforce reliance on multifamily rentals, supporting pricing power with prudent lease management.
- Risks: below-median neighborhood occupancy rank and weaker school ratings may require enhanced marketing and retention strategy.