| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 7th | Poor |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 904 University Dr, Belton, TX, 76513, US |
| Region / Metro | Belton |
| Year of Construction | 2011 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
904 University Dr, Belton TX — Multifamily Investment Positioning
Neighborhood occupancy sits in the mid-90s with a high renter concentration, suggesting depth for lease-up and renewal strategies, according to WDSuite’s CRE market data. The newer 2011 vintage offers relative competitiveness versus older nearby stock while still leaving room for targeted modernization.
Located in Belton’s Inner Suburb, the immediate neighborhood carries a C- rating and posts an occupancy rate near 94%, which is competitive among Killeen-Temple neighborhoods (51 of 139) and above national norms. Renter-occupied housing accounts for roughly 60% of units in the neighborhood, indicating a sizable tenant base that can support multifamily demand and leasing stability.
Property vintage matters here: the local housing stock skews around 2001 on average, while this asset was built in 2011. The newer construction can help differentiate against older comparables on systems and finishes, though investors should still plan for ongoing capital needs to maintain competitive positioning over a longer hold.
Local amenity density is limited (few cafes, grocers, or pharmacies per square mile), pointing to a more car-dependent setting; however, park access is comparatively better than many areas nationally. For investors, that mix typically favors value propositions based on parking, on-site conveniences, and operational efficiency rather than walkability premiums.
Within a 3-mile radius, demographics show population and household growth over the past five years, with further gains projected. This expansion implies a larger tenant base over time, which can support occupancy stability and absorption even as new supply competes across the metro. Median home values in the neighborhood are comparatively lower than many markets, which can introduce some competition from ownership; pricing discipline and product differentiation become important for retention and rent growth.
Safety compares differently at metro and national scales. Within Killeen-Temple, the neighborhood’s crime rank (35 out of 139, where lower ranks indicate more crime) suggests weaker standing versus many metro peers. Nationally, however, WDSuite places the area around the 71st percentile for safety, indicating relatively stronger performance compared to neighborhoods across the country.
Recent trend data is favorable: both property and violent offenses declined sharply over the last year (approximately 41% and 45% reductions, respectively), according to WDSuite’s CRE market data. While investors should underwrite prudent security and lighting measures, the directional improvement supports a more stable operating outlook than year-ago conditions.
Regional employment access is supported by corporate offices within commuting range, which can underpin renter demand and retention: Raymond James in financial services, Farmers Insurance in insurance, and Dell Technologies in technology.
- Raymond James — financial services (32.2 miles)
- Farmers Insurance - Doug Gaul — insurance (36.4 miles)
- Dell Technologies — technology (41.9 miles) — HQ
Built in 2011 with 95 units, the property offers a newer vintage relative to nearby housing stock, which can enhance leasing competitiveness and reduce near-term system risk while still allowing targeted value-add upgrades. Neighborhood occupancy is above national norms and competitive within the Killeen-Temple metro, and a high share of renter-occupied housing units signals depth in the tenant base. Within a 3-mile radius, population and households have grown and are projected to expand further, supporting a larger renter pool and reinforcing occupancy stability over a longer hold, based on CRE market data from WDSuite.
Investors should balance these strengths against operational realities: amenity density is limited locally, positioning the asset as car-oriented; rent-to-income dynamics and lower neighborhood home values can introduce competitive pressure, making product differentiation, resident experience, and expense control central to performance.
- Newer 2011 vintage versus neighborhood average, with potential to further modernize select systems/finishes
- Competitive neighborhood occupancy and high renter concentration support leasing stability
- 3-mile radius growth in population and households expands the tenant base and supports absorption
- Car-oriented location and lower neighborhood home values require disciplined pricing and product differentiation
- Monitor safety relative to metro peers despite improving year-over-year offense trends