| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3102 Atkinson Ave, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | 2008-03-25 |
| Transaction Price | $414,400 |
| Buyer | PEEL ESSENCE |
| Seller | BABCOCK JAMES A |
3102 Atkinson Ave Killeen Multifamily Value-Add
Neighborhood fundamentals point to a deep renter base and steady leasing conditions, according to WDSuites CRE market data, though occupancy trends suggest hands-on asset management to optimize performance. This location in Killeen offers accessible pricing dynamics that can sustain renter demand without relying on outsized growth from any single driver.
The property sits in an Inner Suburb neighborhood of Killeen (rated B+ among 139 metro neighborhoods), where renter concentration is high and supports a broad tenant base. WDSuites CRE market data indicates 76.3% of housing units are renter-occupied in the neighborhood (top quartile among 139), a positive signal for multifamily demand depth and leasing velocity.
Livability is mixed but workable for workforce renters. Dining access is a relative strength: restaurant density ranks in the top quartile among 139 metro neighborhoods, and cafes are similarly competitive. By contrast, immediate access to grocery stores, pharmacies, and parks is limited within the neighborhood footprint, which could push some residents to drive for daily needs.
From a housing performance standpoint, neighborhood occupancy is reported at 87.9% with a modest uptick over five years, suggesting stability but also room for operational improvement relative to tighter submarkets. Median contract rents in the neighborhood have risen meaningfully over the past five years, reinforcing ongoing renter demand. Compared with national markets, home values here are on the lower end, which can create some competition from ownership options; however, it also helps retain renters who prioritize flexibility and lower upfront costs.
Vintage considerations matter. With a 1976 build, the asset is older than the neighborhoods average construction year (2008; above metro median among 139), implying potential value-add and capital planning opportunities to improve competitive positioning versus newer stock. For investors comparing income characteristics, the neighborhoods average NOI per unit is reported by WDSuite as a modest benchmark, useful for underwriting context but not a proxy for subject performance.
Safety metrics are mixed when viewed across geographies. Within the Killeen-Temple metro, the neighborhoods overall crime rank sits above the metro median (90 out of 139), while nationally it aligns closer to the lower half (around the 40th percentile), indicating conditions that are more moderate locally than they appear on a national stack. Recent trends show an estimated decline in property offenses year over year, while violent-offense indicators track below national averages, so operators should plan for routine security and lighting protocols but not assume outsized risk.
Regional employers within commuting distance help diversify the employment base and can support renter retention for households with jobs across financial services and technology. Notable examples include the following organizations.
- Raymond James financial services (32.9 miles)
- Farmers Insurance Doug Gaul insurance services (40.4 miles)
- Dell Technologies technology & corporate operations (43.3 miles) HQ
3102 Atkinson Ave offers a classic workforce housing profile in a renter-heavy Killeen submarket. The neighborhoods renter-occupied share is high, supporting a large tenant pool and consistent leasing, while reported occupancy in the high-80s suggests room for operational upside through renewals, unit turns, and targeted amenities. Based on CRE market data from WDSuite, household counts within a 3-mile radius have grown over the past five years and are projected to expand further, pointing to a larger tenant base over time.
The 1976 vintage is older than the areas average stock, creating straightforward value-add pathwaysfrom interior upgrades to systems modernizationto better compete with newer deliveries. Ownership costs in the broader area remain relatively accessible compared with national markets, which can introduce some competition from entry-level ownership; even so, rising incomes and projected rent growth within a 3-mile radius support the case for durable demand and measured pricing power with disciplined lease management.
- High neighborhood renter concentration supports demand depth and leasing stability.
- Operational upside possible given neighborhood occupancy in the high-80s and steady rent momentum.
- 1976 vintage presents value-add and capital planning opportunities to enhance competitiveness.
- 3-mile radius shows population and household growth, bolstering the future renter pool.
- Risk: relatively accessible ownership options may temper pricing power; emphasize retention and amenity-driven differentiation.