| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 36th | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1015 N Gilmer St, Killeen, TX, 76541, US |
| Region / Metro | Killeen |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1015 N Gilmer St Killeen Multifamily Investment
Renter concentration in the surrounding neighborhood supports a durable tenant base even as amenities remain limited, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of Killeen where the neighborhood ranks 128 out of 139 metro neighborhoods overall (C-). Local amenities are sparse by national standards, though restaurant density is competitive, landing in the top quintile nationally. This mix points to basic daily needs nearby with limited lifestyle retail depth, which typically concentrates leasing on value and convenience rather than premium finishes.
For multifamily investors, the most notable signal is tenure: the neighborhood’s share of renter-occupied housing units is high, indicating a deep tenant pool and steady leasing funnel. While the neighborhood occupancy rate trends below the metro median, the renter concentration helps stabilize demand for well-managed workforce units and supports retention with the right renewal strategy.
Within a 3-mile radius, demographics show recent population growth and an increase in households, with forecasts pointing to further gains and smaller average household sizes. That combination generally expands the renter pool and supports occupancy stability for smaller floorplans like the community’s average 580 sq. ft. units.
Home values in the neighborhood rank low relative to national peers, which can make ownership more accessible for some households. For investors, this context suggests pricing power will be anchored to value positioning and service quality, with lease management and renewals playing a larger role than amenity premiums. Median contract rents in the neighborhood remain comparatively attainable, helping sustain demand but requiring disciplined expense control.
Safety indicators for the neighborhood are below metro averages, with crime ranking 97 out of 139 Killeen-Temple metro neighborhoods. Nationally, the neighborhood sits below the median, placing it in the lower third for safety compared with neighborhoods nationwide.
Recent year-over-year movements show increases in both property and violent offense estimates. For investors, this typically calls for proven on-site management, lighting and access controls, and partnerships with local resources to support resident experience and retention.
- Raymond James — financial services (34.1 miles)
- Farmers Insurance - Doug Gaul — insurance (41.9 miles)
- Dell Technologies — technology (44.4 miles) — HQ
Regional employers within commuting range can support renter demand from households prioritizing value and predictable commutes, including financial services, insurance, and technology.
This 24-unit, 1974 vintage asset offers exposure to a renter-heavy submarket where value positioning and capable operations can drive durable occupancy. Within a 3-mile radius, recent population growth and a rising household count indicate a larger tenant base ahead, particularly supportive of smaller floorplans. According to CRE market data from WDSuite, neighborhood occupancy lags the metro, so returns will rely on hands-on management, expense discipline, and resident services rather than amenity premiums.
The 1974 construction suggests capital planning for building systems and common-area updates, creating potential value-add upside if renovations sharpen the value proposition against older local stock. With ownership costs relatively accessible in the area, competitive rent setting, renewals, and service quality are key to retention and steady cash flow.
- Renter-heavy neighborhood sustains a broad tenant base and leasing funnel.
- 3-mile radius shows population and household growth, supporting demand for smaller units.
- 1974 vintage presents value-add potential via systems, interior, and curb appeal upgrades.
- Competitive positioning requires disciplined operations and renewal strategy amid accessible ownership options.
- Risk: neighborhood occupancy and safety trends are below metro averages, necessitating enhanced on-site management.