| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 36th | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1014 N Gilmer St, Killeen, TX, 76541, US |
| Region / Metro | Killeen |
| Year of Construction | 1974 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1014 N Gilmer St, Killeen Multifamily Investment
Renter concentration in this inner-suburban Killeen pocket supports a consistent tenant base, according to WDSuite’s CRE market data, though neighborhood occupancy trends indicate investors should underwrite for leasing velocity and retention management.
The property sits in an Inner Suburb of the Killeen-Temple metro with a high share of renter-occupied housing at the neighborhood level. That deep renter base suggests steady multifamily demand, but the area’s overall occupancy is below the metro median among 139 neighborhoods, so operators should emphasize targeted leasing and renewals to stabilize.
Within a 3-mile radius, demographics point to an expanding renter pool: households have increased in recent years and are projected to continue rising over the next five years, supporting occupancy stability and absorption. The local age mix is weighted toward working-age residents, which typically aligns with demand for smaller unit formats and value-oriented offerings.
Local amenities are mixed. Restaurant density is competitive among Killeen-Temple neighborhoods, while immediate access to cafes, groceries, parks, and pharmacies is limited in the near-block context. For investors, this combination often favors properties that provide on-site conveniences or partner with delivery services to bolster resident satisfaction.
Home values in the neighborhood are comparatively low versus national norms, which can create some competition from ownership options. At the same time, rent-to-income ratios indicate affordability pressure for a portion of the renter base, implying attention to pricing, concessions, and lease management to sustain occupancy. These dynamics, based on commercial real estate analysis from WDSuite, point to a workforce-driven demand profile where value and service differentiate performance.
Safety signals for this neighborhood track below metro and national medians. Relative to 139 metro neighborhoods, crime ranks in the lower-performing cohort, and national percentiles indicate the area is less safe than many neighborhoods nationwide. One-year trend data shows recent upticks in both property and violent incidents, so investors should account for security measures, lighting, and community engagement in operations.
For underwriting, frame safety as a manageable operational consideration rather than a fixed constraint: enhanced property management, access control, and resident programming can help mitigate turnover risk and support leasing performance.
Regional employment access is supported by diversified corporate nodes within commuting range, which can help sustain renter demand for workforce housing. Notable employers include Raymond James, Farmers Insurance, and Dell Technologies.
- Raymond James — financial services (34.1 miles)
- Farmers Insurance - Doug Gaul — insurance (41.9 miles)
- Dell Technologies — technology (44.4 miles) — HQ
This 28-unit asset benefits from a renter-heavy neighborhood and a 3-mile radius showing ongoing household growth, which supports a broader tenant base and potential occupancy stability. Based on CRE market data from WDSuite, the submarket’s restaurant access outperforms nearby categories, while limited immediate groceries and services suggest value in on-site amenities or vendor partnerships to elevate retention. Ownership costs in the area are relatively accessible, creating some competition with renting; careful pricing and resident experience can preserve leasing momentum.
Operationally, the neighborhood’s occupancy and safety position require disciplined management—proactive renewals, security improvements, and strong maintenance standards can differentiate performance versus peers. Overall, the demand profile skews workforce-oriented, favoring efficient unit layouts and competitive effective rents rather than premium finishes.
- Renter-heavy neighborhood supports a deeper tenant base and ongoing leasing prospects.
- 3-mile household growth and working-age mix underpin demand for smaller, value-oriented units.
- Competitive restaurant access offsets thinner nearby services; on-site conveniences can lift retention.
- Pricing power is tempered by accessible ownership options—optimize rents, concessions, and renewals.
- Risk: below-median safety and occupancy require active management, security investment, and leasing focus.