| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Fair |
| Demographics | 23rd | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 705 W Avenue D, Belton, TX, 76513, US |
| Region / Metro | Belton |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
705 W Avenue D Belton Multifamily Investment Opportunity
Positioned in Belton’s inner-suburban fabric, this 24-unit asset taps a renter base that is competitive among Killeen-Temple neighborhoods, according to WDSuite’s CRE market data. Neighborhood occupancy trends have been softer than the metro median, but stable renter demand and local amenities support steady leasing with thoughtful operations.
The property sits in an inner-suburban neighborhood rated A- and top quartile among 139 Killeen-Temple neighborhoods, indicating well-rounded livability and fundamentals for workforce housing. Amenity access is competitive locally, with parks, groceries, and daily services scoring above national averages, which can aid leasing velocity and retention for a garden-style asset.
Construction year is 1983, a bit older than the neighborhood’s average vintage. For investors, that points to clear value-add or modernization levers (exteriors, interiors, and building systems) to sharpen competitive positioning against newer stock while managing capital planning over time.
Within a 3-mile radius, WDSuite indicates population and household counts have grown recently and are projected to continue expanding through the next five years, implying a larger tenant base and support for occupancy stability. Renter-occupied housing share in the neighborhood is competitive among Killeen-Temple subareas, signaling meaningful depth of demand for multifamily units.
Ownership costs in the neighborhood are relatively accessible versus many U.S. markets, which can introduce some competition from entry-level ownership. At the same time, rent levels generally align with local incomes, suggesting manageable affordability pressure and supporting lease retention when paired with disciplined renewals and resident services.
Neighborhood safety indicators benchmark around or slightly above national averages, and recent trends show meaningful year-over-year declines in both property and violent offenses. This directional improvement, based on WDSuite’s data, supports a more stable operating environment versus prior periods, though investors should continue to underwrite to submarket-level variability within the Killeen-Temple metro.
In metro context, the area is competitive among Killeen-Temple neighborhoods but can vary block to block; prudent measures such as exterior lighting, access control, and community standards remain advisable to sustain resident satisfaction and protect NOI.
Regional employment anchors within commuting range include Raymond James (financial services), Farmers Insurance (insurance), Dell Technologies (technology), and Arconic (aerospace/engineered products). This mix supports renter demand through diverse white-collar and skilled roles accessible via regional corridors.
- Raymond James — financial services (31.3 miles)
- Farmers Insurance - Doug Gaul — insurance (35.5 miles)
- Dell Technologies — technology (41.0 miles) — HQ
- Arconic — aerospace and engineered products (43.7 miles) — HQ
705 W Avenue D offers a 24-unit, 1983-vintage footprint in an A- rated inner-suburban neighborhood that ranks in the top quartile locally. According to CRE market data from WDSuite, neighborhood renter concentration is competitive within the metro, and 3-mile demographics point to ongoing population and household growth—favorable signals for a stable tenant base and steady leasing. Given the older vintage, targeted renovations can drive rentability versus newer comparables while maintaining cost discipline.
Underwriting should account for metro-level occupancy that has been softer than the long-run average and for potential competition from accessible entry-level ownership. Operational focus on unit turns, curb appeal, and resident experience can reinforce pricing power and renewal rates while aligning with neighborhood demand drivers.
- A- neighborhood, top-quartile local standing supports leasing and retention
- Competitive renter concentration and projected 3-mile population/household growth expand the tenant base
- 1983 vintage with clear value-add and systems modernization opportunities
- Amenity access and daily services bolster livability for workforce renters
- Risks: softer metro occupancy and some competition from entry-level ownership options