| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 Liberty St, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1977 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
305 Liberty St Killeen Multifamily Value-Add Opportunity
High renter concentration and steady household growth in the surrounding area point to durable tenant demand, according to WDSuite’s CRE market data. Operations may benefit from targeted upgrades to enhance competitiveness and leasing performance.
This Inner Suburb location is competitive among Killeen-Temple neighborhoods (41 of 139) and serves a renter-heavy housing base. Neighborhood occupancy trends are below national medians, but the share of renter-occupied units is high, indicating a deep tenant pool that can support stabilized leasing with effective management and pricing discipline.
Local amenities are mixed. Cafes, restaurants, and childcare density score in the top quartile nationally, offering everyday convenience, while grocery, pharmacy, and park access are thinner and may require short drives. Average school ratings trail national norms, which can influence the family-oriented demand mix and may favor smaller-unit absorption.
The property’s 1977 construction is older than the neighborhood’s predominantly 2000s-era stock, creating clear value-add potential through renovations, system updates, and curb-appeal improvements to compete against newer comparables. Median asking rents in the neighborhood sit near the national middle, suggesting room to differentiate via unit upgrades and professional management rather than price alone.
Demographic statistics are aggregated within a 3-mile radius and show population growth over the last five years with a notable increase in households and gradually smaller household sizes. These trends point to renter pool expansion and support for occupancy stability, particularly for efficiently sized units. Home values are relatively accessible for the region, which can create some competition with ownership options, but the high renter-occupied share and ongoing household growth underpin multifamily demand.
Safety indicators are mixed when viewed against regional and national benchmarks. The neighborhood ranks 90 out of 139 within the Killeen-Temple metro, indicating below-metro-average safety, and its national positioning is in the lower half. Recent trend data shows property offenses declining year over year, which is a constructive signal, while violent-offense measures remain elevated versus safer peer areas.
For underwriting, investors may consider conservative assumptions around security, lighting, and community engagement. Monitoring multi-year trends and comps across nearby neighborhoods can help calibrate retention expectations and operating expenses without overrelying on a single year’s movement.
Regional employment drivers offer commute-accessible options that can support leasing, particularly for residents willing to travel for stable corporate roles. Notable employers include Raymond James, Farmers Insurance, and Dell Technologies.
- Raymond James — financial services (33.0 miles)
- Farmers Insurance - Doug Gaul — insurance (40.6 miles)
- Dell Technologies — technology (43.4 miles) — HQ
305 Liberty St offers a 38-unit, 1977-vintage asset positioned in a renter-dense neighborhood where household growth and smaller average household sizes are expanding the renter base. According to CRE market data from WDSuite, neighborhood occupancy runs below broader benchmarks, suggesting that returns hinge on operational execution—unit upgrades, expense control, and leasing strategy—rather than outsized market momentum alone.
The submarket’s amenity mix (strong on food-and-beverage and childcare, thinner on grocery/pharmacy) and relatively accessible ownership costs can create competitive pressure, yet the high share of renter-occupied housing and ongoing 3-mile population growth support demand durability. With selective renovations and professional management, the asset can compete with newer neighborhood stock while maintaining disciplined rent positioning.
- Renter-heavy neighborhood and 3-mile household growth support a deeper tenant base and occupancy stability.
- 1977 vintage provides value-add and systems-upgrade levers to compete with 2000s-era comparables.
- Amenity access concentrated in dining/cafes aids daily convenience and leasing appeal despite thinner grocery/pharmacy supply.
- Pricing power likely depends on renovations and management execution rather than market lift alone.
- Risks: below-metro-average safety rankings, softer neighborhood occupancy, and some competition from relatively accessible ownership options.