| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 34th | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2205 Botanical Dr, Killeen, TX, 76542, US |
| Region / Metro | Killeen |
| Year of Construction | 1983 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2205 Botanical Dr Killeen Multifamily Value-Add Play
Neighborhood occupancy remains in the low 90s and renter demand is supported by a sizable renter-occupied base in the immediate area, according to WDSuite’s CRE market data.
This Inner Suburb location carries a B- neighborhood rating within the Killeen-Temple metro and posts occupancy around 91% at the neighborhood level, suggesting generally stable leasing conditions over recent periods rather than soft conditions. The area’s renter-occupied share is meaningful for a submarket of this size, indicating a deeper tenant base for studios and smaller units.
Amenities are mixed: restaurant density ranks 16 out of 139 metro neighborhoods (top quartile nationally), while groceries are 33 of 139 (above the metro median). By contrast, cafes, parks, childcare, and pharmacies show limited nearby options, which investors should consider when positioning common-area amenities or services on-site.
Vintage positioning matters here. The property was built in 1983, while the neighborhood’s average construction year trends newer (around 2000). Older stock typically benefits from targeted capital plans—mechanicals, exterior refresh, and interior upgrades—to compete against newer deliveries, with potential to capture renters drawn by more accessible price points.
Within a 3-mile radius, demographics show modest population growth recently alongside a notable increase in households and a gradual reduction in average household size. Looking forward, forecasts point to population gains and further household growth, which would expand the renter pool and support occupancy stability. Median home values in the neighborhood remain comparatively accessible for the region, and rent-to-income metrics indicate manageable affordability pressure—factors that can underpin retention while leaving room for disciplined rent optimization. These dynamics are based on CRE market data from WDSuite.
Safety indicators are mixed and should be contextualized. The neighborhood’s crime rank sits near the midrange at 74 out of 139 metro neighborhoods, placing it close to the metro median. Nationally, recent violent offense levels align with lower percentiles, while property offenses trend closer to mid-percentiles—suggesting conditions that warrant routine, professional security and operations practices rather than extraordinary measures.
Trend signals are constructive: both violent and property offense estimates show year-over-year declines in the neighborhood, indicating improvement momentum. Investors typically address the remaining risk through lighting, access control, and resident engagement, with monitoring of ongoing trend data to validate continued progress. All figures reference neighborhood-level metrics rather than the property itself.
Regional employers within commuting range help diversify the renter base and support lease retention, led by financial services, insurance, and technology hubs noted below.
- Raymond James — financial services (32.2 miles)
- Farmers Insurance - Doug Gaul — insurance (40.2 miles)
- Dell Technologies — technology (42.5 miles) — HQ
The 48-unit asset’s micro-unit profile aligns with a renter base that is sizable in the immediate neighborhood and expanding within a 3-mile radius as households increase and average household size trends down. Neighborhood occupancy is holding near the low 90s, and restaurant/grocery access ranks above the metro median even as certain lifestyle amenities remain limited—conditions that favor on-site amenity programming and operational execution to drive retention.
Built in 1983, the property is older than the neighborhood’s average stock, creating a practical value-add path through systems, exterior, and selective interior updates to enhance competitiveness against newer deliveries. According to commercial real estate analysis from WDSuite, rents and incomes in the area indicate manageable affordability pressure, supporting measured rent growth when paired with tangible improvements and disciplined leasing.
- Neighborhood occupancy around the low 90s supports leasing stability at the submarket level.
- Sizable renter concentration locally and 3-mile household growth expand the tenant base.
- 1983 vintage offers clear value-add levers to compete with newer stock.
- Amenity mix (strong restaurants/groceries) supports resident convenience despite fewer parks/cafes nearby.
- Risk: amenity gaps and midrange safety metrics require proactive asset management and security protocols.