| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 48th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 E Hallmark Ave, Killeen, TX, 76541, US |
| Region / Metro | Killeen |
| Year of Construction | 1998 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
212 E Hallmark Ave Killeen Multifamily Investment
Trends point to competitive neighborhood occupancy and steady renter demand in this commercial real estate analysis, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location rated A and competitive among Killeen-Temple neighborhoods (12th out of 139), based on CRE market data from WDSuite. Neighborhood occupancy trends are competitive among Killeen-Temple neighborhoods (ranked 54 of 139), which supports leasing stability for well-positioned assets.
Everyday amenities are convenient for residents: grocery access ranks near the top of the metro (9 of 139) and pharmacies are also well represented (11 of 139). Restaurant density is similarly strong (20 of 139), while parks and cafes are limited in the immediate area. For family renters, average school ratings in the neighborhood are below national benchmarks, which may require sharper value positioning or amenity-led retention strategies.
Within a 3-mile radius, the housing stock shows a high renter concentration (about 69% of units are renter-occupied), indicating a deep tenant base and reinforcing demand for multifamily. Population has inched up in recent years and is projected to grow further by 2028, with households expanding and average household size trending smaller—factors that typically enlarge the renter pool and can support occupancy stability.
Home values in the neighborhood sit below national medians and the rent-to-income profile points to manageable housing costs for renters. For investors, this combination can support lease retention and provide measured pricing power, while remaining mindful of potential competition from accessible ownership options.
Safety indicators are mixed. The neighborhood sits around the metro middle (crime rank 78 out of 139), and national comparisons place local crime metrics below the national median. However, WDSuite’s data also shows year-over-year improvement, with violent offense estimates declining materially, which suggests a stabilizing trend to monitor rather than a fixed condition.
Investors should underwrite with comparative context—track ongoing trends versus metro peers and consider standard property-level measures that support resident comfort and retention.
Regional employers within commuting reach help support renter demand and retention, including financial services and technology offices noted below.
- Raymond James — financial services (32.9 miles)
- Farmers Insurance - Doug Gaul — insurance (40.7 miles)
- Dell Technologies — technology (43.2 miles) — HQ
At 60 units with compact average floor plans, the asset is positioned for workforce renters seeking value-oriented options. Neighborhood fundamentals are competitive within the Killeen-Temple metro, with occupancy strength and a large renter base in the surrounding 3-mile radius supporting depth of demand. According to CRE market data from WDSuite, amenity access favors daily-needs retail (grocers, pharmacies, restaurants), offset by fewer parks and cafes—an underwriting consideration for lifestyle-driven leasing.
Affordability signals—lower relative home values and a modest rent-to-income profile—can support retention while allowing for disciplined rent management. Demographic trends point to a larger household count and smaller household sizes over time, expanding the renter pool and supporting long-run occupancy, while investors should price in school quality perceptions and monitor neighborhood safety trends that are improving but still below national medians.
- Competitive neighborhood standing within Killeen-Temple (12 of 139) supports leasing stability
- High renter concentration within 3 miles indicates a deep tenant base and demand durability
- Daily-needs amenity access (grocers, pharmacies, restaurants) supports resident convenience and retention
- Affordability context suggests manageable rent-to-income dynamics and measured pricing power
- Risks: below-average school ratings, limited parks/cafes, and crime metrics below national medians despite recent improvement