| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 28th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2900 Zephyr Rd, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1974 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2900 Zephyr Rd, Killeen TX Multifamily Investment
Neighborhood fundamentals point to steady renter demand and generally stable occupancy, according to WDSuite’s CRE market data, with pricing supported by a high local renter base and accessible rent levels.
Rated A and ranked 20 out of 139 within the Killeen-Temple metro, this inner-suburb neighborhood sits in the top quartile among 139 metro neighborhoods, indicating competitive fundamentals relative to nearby submarkets. Cafes, restaurants, grocery, and pharmacy density track above national midpoints (national percentiles in the high 70s to low 80s), which supports daily convenience for residents even as park access is limited.
Occupancy in the neighborhood has held in the low 90% range in recent years, signaling demand stability for well-managed assets. The share of renter-occupied housing is competitive among Killeen-Temple neighborhoods (rank 51 of 139), reinforcing a deeper tenant base and supporting leasing velocity and retention for multifamily assets.
Within a 3-mile radius, households have grown while average household size has edged lower, expanding the pool of potential renters and favoring unit absorption. Forecasts show additional population and household growth over the next five years, which should translate into a larger tenant base and support for occupancy. Median contract rents in the immediate area remain accessible, which can aid lease-up and retention, though it may temper near-term pricing power versus higher-cost metros.
For investors evaluating vintage, the property’s 1974 construction is older than the neighborhood’s average vintage (2002). That profile typically implies capital planning for building systems and interiors, alongside potential value-add opportunities to enhance competitive positioning against newer stock.
Home values in the neighborhood sit below national midpoints, and the value-to-income and rent-to-income context indicates a more accessible ownership market than in high-cost metros. For multifamily owners, that means balancing competitive asking rents with resident retention strategies, as some households may compare rental costs with attainable entry-level ownership.
Based on WDSuite’s CRE market data, the neighborhood’s overall safety profile is modestly above the national midpoint (crime national percentile 56). Notably, both violent and property offense rates show year-over-year improvement, with declines that outpaced most U.S. neighborhoods (improvement measures in the ~80th national percentile), indicating a favorable recent trend rather than a guarantee.
Investors should view safety in context: performance is compared to national and metro peers and can vary by block and over time. Continued monitoring of trend direction and on-site security/maintenance practices can help sustain leasing stability and resident retention.
Regional employment access includes corporate offices within commuting range that can support renter demand, particularly for workforce and professional tenants. The list below highlights nearby employers relevant to this location.
- Raymond James — financial services (31.9 miles)
- Farmers Insurance - Doug Gaul — insurance (39.5 miles)
- Dell Technologies — technology (42.3 miles) — HQ
This 100-unit asset benefits from a renter-oriented neighborhood with above-median amenity access and occupancy that has remained in the low 90% range, supporting income stability. Within a 3-mile radius, population and household growth point to a larger tenant base over the next five years, which should underpin leasing and reduce downtime between turns. According to CRE market data from WDSuite, local rents remain accessible relative to income, aiding retention but requiring disciplined revenue management to balance occupancy and rate.
Built in 1974, the property’s older vintage suggests thoughtful capital planning and positions value-add upgrades as a lever to compete with the area’s newer stock (average vintage 2002). Neighborhood home values are comparatively accessible, so competitive rent setting and resident experience can help mitigate competition from entry-level ownership.
- Neighborhood ranks in the top quartile among 139 metro peers, with amenity access that supports renter appeal
- Stable occupancy in the low 90% range supports income consistency for well-managed assets
- 3-mile population and household growth expand the tenant base, aiding leasing and retention
- 1974 vintage offers value-add and systems-upgrade upside to compete with newer inventory
- Risks: limited park access, below-average school ratings, and potential competition from attainable ownership