| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 44th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Bacon Ranch Rd, Killeen, TX, 76542, US |
| Region / Metro | Killeen |
| Year of Construction | 2011 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1700 Bacon Ranch Rd Killeen Multifamily Investment
2011-vintage, mid-size asset in an inner-suburb setting with a deep renter base and everyday amenities, according to WDSuite’s CRE market data for the neighborhood. Investor focus: steady renter demand from a high renter-occupied housing mix and proximity to services.
Located in Killeen’s inner suburbs, the property benefits from daily-needs access and a renter-oriented housing mix that supports leasing velocity. The neighborhood earns an A rating and ranks 11th among 139 metro neighborhoods, indicating competitive positioning within the Killeen-Temple market based on WDSuite’s datasets.
Amenity access is a relative strength: dining and café density rank near the top of the metro (e.g., café availability ranks 2nd of 139 and sits in the 92nd percentile nationally). Pharmacies and groceries are present at levels above many peer areas, although park access is limited, which may weigh on lifestyle appeal for some renters.
The 2011 construction year is newer than the neighborhood’s typical vintage, offering an edge versus older stock on unit finishes and systems. Investors should still plan for mid-life capital items typical for 2010s assets over the hold period, balancing modernization with operational efficiency to sustain competitiveness.
Tenure patterns favor multifamily demand: the neighborhood shows a higher share of renter-occupied housing units than owners, and within a 3-mile radius renters constitute a majority of occupied units. This depth of the tenant base supports occupancy stability and lease retention, while measured rent-to-income levels suggest manageable affordability pressure. Neighborhood schools rate below the national median, which can influence household-driven demand, but nearby services and commute convenience help maintain a broad renter pool. For investors conducting multifamily property research, these local dynamics compare favorably with several metro peers while remaining aligned with national inner-suburb trends.
Safety indicators sit around the national midpoint overall, with crime levels positioned in the lower half among 139 Killeen-Temple neighborhoods. Violent and property offense rates benchmark below national medians for safety (i.e., lower national percentiles), but recent year-over-year declines indicate improving trends, according to WDSuite’s datasets.
For underwriting, a prudent approach is to reflect current comparables while acknowledging the recent downtrend in estimated incident rates. Also consider the neighborhood’s relative standing versus metro peers rather than block-level variation, and monitor trend continuity during the hold.
Regional employment access is diversified, with commutable reach to corporate offices that can support renter demand and retention. Notable employers within driving distance include Raymond James, Farmers Insurance, and Dell Technologies.
- Raymond James — corporate offices (31.2 miles)
- Farmers Insurance - Doug Gaul — corporate offices (39.1 miles)
- Dell Technologies — corporate HQ & corporate offices (41.6 miles) — HQ
This 72-unit asset (built 2011) aligns with a renter-heavy neighborhood that ranks competitively within the Killeen-Temple metro, supporting demand depth and leasing stability. Daily-needs amenities, especially food-and-beverage and pharmacy access, add to the value proposition even as park access is limited. According to CRE market data from WDSuite, the area’s rent levels and rent-to-income relationship indicate manageable affordability pressure, which can aid retention while allowing disciplined pricing.
Within a 3-mile radius, population and households have grown and are projected to continue expanding through the forecast period, implying a larger tenant base over time. The property’s newer vintage versus neighborhood norms provides relative competitiveness, with scope to capture value through targeted modernization and operational improvements as systems age into mid-life.
- Renter-oriented neighborhood supports occupancy stability and lease retention.
- 2011 vintage offers competitive positioning versus older local stock with selective value-add potential.
- Amenity access (dining, cafés, pharmacies) enhances renter appeal and day-to-day convenience.
- Growing 3-mile population and household counts expand the prospective tenant base over the hold.
- Risks: below-median school ratings, limited park access, and safety metrics that trail stronger submarkets warrant conservative underwriting.