| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Fair |
| Demographics | 37th | Fair |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1102 Blue Bird Dr, Harker Heights, TX, 76548, US |
| Region / Metro | Harker Heights |
| Year of Construction | 1977 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1102 Blue Bird Dr Harker Heights Value-Add Multifamily
Neighborhood occupancy is in the mid-90s with a high renter concentration, supporting stable leasing, according to WDSuite’s CRE market data. This location offers everyday convenience and demand diversity that can underpin cash flow while leaving room for operational and renovation upside.
The property sits in an Inner Suburb pocket of Harker Heights with everyday essentials nearby. Amenity access is competitive among Killeen-Temple neighborhoods, with restaurants, cafes, parks, and pharmacies all ranking in the stronger cohort locally (each within the top quartile among 139 metro neighborhoods), which supports livability and tenant retention.
At the neighborhood level, occupancy is approximately 94.5% and has trended higher over the past five years, suggesting steady renter demand and manageable downtime risk based on CRE market data from WDSuite. Renter-occupied housing comprises roughly 72% of units in this neighborhood, indicating a deep tenant base for multifamily operators.
Within a 3-mile radius, demographics indicate a larger tenant base today and continued renter pool expansion ahead: population and household counts have grown in recent years, and are projected to rise further by 2028. Average household size is edging lower, which typically supports demand for smaller floorplans and efficient units, aiding leasing velocity and occupancy stability.
Ownership costs in the immediate neighborhood are relatively accessible compared with many U.S. markets. For multifamily investors, this means pricing power should be managed carefully as some households may compare renting with attainable ownership, though the strong renter concentration and everyday convenience can help sustain demand.
Neighborhood safety compares favorably. By metro rank, the area performs well (competitive among 139 Killeen-Temple neighborhoods), and nationally it sits in the higher safety cohort (top quartile). Recent trend indicators from WDSuite show property and violent offense rates moving lower year over year, reinforcing an improving operating backdrop. As always, investors should evaluate block-level trends and on-site security practices during diligence.
Regional employers within commuting distance provide a diversified employment base that supports renter demand and lease stability, including technology, manufacturing, and financial services offices noted below.
- Raymond James — financial services offices (30.6 miles)
- Farmers Insurance - Doug Gaul — insurance offices (37.7 miles)
- Dell Technologies — technology (40.9 miles) — HQ
- Arconic — manufacturing (44.3 miles) — HQ
Built in 1977, this 30-unit asset offers clear value-add and capital planning opportunities relative to newer neighborhood stock, with scope to modernize interiors and systems to enhance competitiveness. Neighborhood fundamentals are supportive: occupancy is around 94.5% and improving, renter concentration is high, and amenity access is strong — all of which underpin leasing stability. According to CRE market data from WDSuite, the surrounding 3-mile area shows ongoing population and household growth with smaller average household sizes, aligning with demand for efficient units and supporting steady absorption.
The investment case balances durable demand drivers with prudent underwriting. While neighborhood homeownership remains relatively accessible — a potential competitive factor for some renter segments — rising household counts, income gains, and proximity to diversified employers help sustain a broad tenant base. Executing targeted renovations and disciplined lease management can position the asset to capture its share of local demand while monitoring affordability and retention risk.
- Stable neighborhood demand: mid-90s occupancy and high renter concentration support leasing continuity
- Value-add potential: 1977 vintage offers interior and systems upgrade opportunities versus newer stock
- Amenity-rich location: strong local rankings for food, parks, and services aid retention
- Demand tailwinds: 3-mile population and household growth with smaller household sizes supports absorption
- Key risk: relatively accessible ownership may compete with rentals — manage pricing and retention accordingly