| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Good |
| Demographics | 11th | Poor |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 724 E Avenue N, Belton, TX, 76513, US |
| Region / Metro | Belton |
| Year of Construction | 1975 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
724 E Avenue N Belton Multifamily Investment Opportunity
Neighborhood occupancy is strong and above metro norms, supporting stable tenancy, according to WDSuite’s CRE market data. With a modest rent profile in the area, this asset can compete on value while targeting steady lease retention.
This Inner Suburb location in Belton sits within a neighborhood that trends toward stable renter demand. Neighborhood occupancy is in the top quartile among 139 metro neighborhoods and in the upper tier nationally, signaling comparatively low vacancy risk for operators. The share of renter-occupied housing units is elevated for the area, indicating a deeper tenant base for multifamily leasing.
Livability is mixed but workable for workforce renters. Grocery access is competitive among Killeen-Temple neighborhoods, and restaurants are on par with metro peers, while parks, pharmacies, and cafes are thinner locally. Childcare availability ranks in the top quartile in the metro, an operational positive for family-oriented renter segments.
Within a 3-mile radius, demographics show population growth over the past five years with further expansion projected through 2028, alongside a larger household count. These trends point to a growing renter pool that can support occupancy stability and leasing velocity. Median incomes have trended up on a mean basis, which can support gradual rent steps when balanced with local affordability.
Home values in the neighborhood are lower than national norms, and rents benchmark below national medians. For investors, the high-cost ownership dynamic is not present here; instead, more accessible ownership can create some competition with rentals, but the area’s rent-to-income levels suggest manageable affordability pressure and potential for retention via value and service. Based on CRE market data from WDSuite, the property’s 1975 construction is older than the neighborhood’s newer housing stock, implying clear value-add and capital planning opportunities to sharpen competitive positioning.
Safety indicators are mixed but improving. Relative to the 139-neighborhood Killeen-Temple metro, the area sits above the metro median, and it tracks around the middle of neighborhoods nationally. Recent year-over-year trends show notable declines in both property and violent offense estimates, which points to a constructive trajectory rather than a deterioration.
Investors should interpret these as neighborhood-level signals rather than property-specific guarantees; sustained monitoring is prudent, but the improvement trend supports a more stable operating outlook compared with the prior year.
Regional employers within commuting range help underpin renter demand through a mix of financial services, insurance, technology, and manufacturing roles. These job centers support workforce housing dynamics and can aid tenant retention through commute convenience.
- Raymond James — financial services (30.8 miles)
- Farmers Insurance - Doug Gaul — insurance (34.8 miles)
- Dell Technologies — technology (40.4 miles) — HQ
- Arconic — metals manufacturing (43.2 miles) — HQ
724 E Avenue N benefits from a neighborhood with above-median safety positioning in the metro and top-quartile occupancy among 139 neighborhoods, supporting stable cash flow potential. The 3-mile area shows population and household growth with further expansion forecast, signaling a larger tenant base and durable demand for rental units. According to CRE market data from WDSuite, the asset’s 1975 vintage is older than the area’s newer housing stock, creating value-add potential through targeted renovations and systems upgrades.
Rents in the surrounding neighborhood are modest relative to national levels, and rent-to-income signals point to manageable affordability pressure that can support retention if operators prioritize service and renewal strategies. While accessible ownership options can create competition, ongoing demographic growth and a sizable renter-occupied share help sustain leasing depth.
- Top-quartile neighborhood occupancy supports low vacancy risk and steadier NOI
- 3-mile population and household growth expand the renter pool and leasing runway
- 1975 vintage offers value-add upside via unit/interior upgrades and CapEx planning
- Modest rent benchmarks and manageable rent-to-income aid tenant retention
- Risks: thinner amenity mix, accessible ownership competition, and ongoing safety monitoring