| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 53rd | Best |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 604 Josephine St, Holland, TX, 76534, US |
| Region / Metro | Holland |
| Year of Construction | 1985 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
604 Josephine St Holland Multifamily Value-Add Opportunity
Household counts are expanding within a 3-mile radius, supporting renter demand and lease-up durability, according to WDSuite s CRE market data. Neighborhood occupancy has trended higher in recent years, though performance varies by subarea, suggesting disciplined operations can matter.
This rural Holland location sits within the Killeen-Temple, TX metro and offers a stable, lower-density setting with essential services nearby. Amenity access is competitive among Killeen-Temple neighborhoods (51st of 139), with cafes performing strongly locally (18th of 139, top quartile among metro peers) while grocery and restaurants track above the metro median. Nationally, overall amenity depth is modest, so most residents will rely on short drives for daily needs.
Neighborhood schools are a relative strength: the average school rating sits in the top quartile nationally and ranks at the top among 139 metro neighborhoods, which can support family renter retention and longer tenancy. For context, these school metrics and amenity comparisons describe the neighborhood not the property and provide a backdrop for leasing dynamics.
On the housing side, neighborhood occupancy has improved over the last five years, though it remains below many Killeen-Temple peers, underscoring the importance of targeted leasing and renewal strategies. Rent-to-income sits in an above-median national percentile, indicating relatively manageable rent burdens that can support pricing power without undue affordability pressure, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics point to demand resilience: population increased over the last five years and households grew faster than population, implying smaller household sizes and a larger tenant base. The renter-occupied share within 3 miles is roughly one-third, signaling a meaningful renter pool for a 68-unit asset. Forward-looking estimates show households continuing to rise even as population is projected to drift lower, which can sustain unit absorption but puts a premium on product quality and management to capture share.
Home values in the area are lower than many large metros, creating a more accessible ownership environment. For investors, that can introduce some competition with entry-level ownership but also supports retention when professionally managed units offer convenience and predictability. The net implication is steady demand for well-operated multifamily with clear value propositions on finishes, maintenance, and services.
Neighborhood-level crime data for this area are limited in the current dataset, so precise comparisons within the Killeen-Temple metro are not available here. Investors typically benchmark safety by reviewing multi-year, metro- and county-level trends alongside property-level measures such as lighting, access control, and resident screening.
Given the rural context, it is prudent to evaluate recent trendlines, local enforcement engagement, and any owner-implemented security upgrades to understand trajectory rather than relying on a single point-in-time snapshot.
- Raymond James financial services (23.2 miles)
- Farmers Insurance - Doug Gaul insurance (24.7 miles)
- Dell Technologies technology (31.5 miles) HQ
- Arconic engineered products (33.7 miles) HQ
- Adobe software (38.1 miles)
Proximity to a diversified employment base helps support renter demand and retention, with commuting access to professional services and technology employers including Raymond James, Farmers Insurance, Dell Technologies, Arconic, and Adobe.
Built in 1985, this 68-unit property is older than the neighborhood s average vintage, creating clear value-add potential through targeted renovations and capital planning. Demand fundamentals are supported by household growth within a 3-mile radius, strong school ratings that aid family renter retention, and rent-to-income levels that indicate room for disciplined pricing, based on commercial real estate analysis from WDSuite.
While neighborhood occupancy has improved, it still trails stronger Killeen-Temple subareas, and a relatively accessible ownership market may introduce competition for some renters. Forward estimates point to smaller household sizes and continued household growth even if population moderates, favoring well-operated, mid-scale multifamily that competes on convenience and service.
- 1985 vintage supports value-add and system modernization to elevate rents and returns.
- Household growth within 3 miles expands the tenant base and supports occupancy stability.
- Above-median rent-to-income points to manageable affordability and disciplined pricing power.
- Top-ranked neighborhood school ratings aid retention among family renters.
- Risks: neighborhood occupancy trails stronger subareas; accessible ownership options may compete for renters.