| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3107 Atkinson Ave, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1977 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3107 Atkinson Ave, Killeen TX Multifamily Investment
Renter demand in this inner-suburban pocket appears durable, with neighborhood occupancy holding relatively steady compared with similar areas, according to WDSuite’s CRE market data. For investors, the combination of a deep renter base and manageable rent levels supports leasing stability.
Situated in Killeen’s inner suburbs, the neighborhood rates B+ and is competitive among Killeen-Temple neighborhoods (ranked 41 out of 139), indicating solid livability fundamentals for workforce-oriented housing. Cafes and restaurants are accessible, with cafes in the top quartile nationally and dining options above typical national density, while immediate access to groceries, parks, and pharmacies is limited, suggesting residents may rely on short drives for daily retail.
The area’s housing stock skews newer than the property, with neighborhood construction averaging 2008. Given the subject’s 1977 vintage, capital planning for building systems and targeted renovations may unlock value-add positioning relative to newer nearby stock.
Neighborhood occupancy is below the metro median (ranked 97 out of 139) but has inched higher over five years, pointing to gradually improving demand. Crucially for multifamily, the renter-occupied share of housing units is high (a nationally elevated renter concentration), which typically supports a deeper tenant base and steadier leasing velocity through cycles.
Within a 3-mile radius, WDSuite data shows population growth alongside a faster increase in household counts and a decline in average household size. This shift indicates a larger renter pool and more one- to two-person households entering the market, which can support occupancy stability for smaller unit mixes. Home values remain on the lower side relative to national norms, which can introduce some competition from ownership; however, rent-to-income levels appear manageable for retention and renewals, aiding pricing discipline.
School options in the neighborhood rate well below national norms, which investors should factor into marketing and tenant-mix strategies. Overall amenities are mixed—strong on food-and-beverage and childcare access, thinner on daily retail—yet adequate for workforce renters who prioritize commute and value.
Safety indicators are mixed. The neighborhood sits below the metro median for crime (ranked 90 out of 139) and below the national median by percentile. Property offenses have trended down over the past year, while violent offense estimates are roughly flat, according to WDSuite’s CRE market data. For investors, the takeaway is to underwrite to prudent security measures and tenant screening, while noting the recent easing in property-related incidents.
Regional employment access is anchored by established corporate offices within commuting range, which supports renter demand and retention for workforce housing. Notable employers include Raymond James, Farmers Insurance, and Dell Technologies.
- Raymond James — financial services (33.0 miles)
- Farmers Insurance - Doug Gaul — insurance (40.4 miles)
- Dell Technologies — technology (43.3 miles) — HQ
This 1977, 26-unit asset offers a classic value-add angle in an inner-suburban neighborhood that is competitive within the Killeen-Temple metro. A high renter concentration and manageable rent-to-income levels underpin demand, while neighborhood occupancy has modestly improved over the past five years. Based on commercial real estate analysis from WDSuite, near-term leasing should be supported by a growing, increasingly household-oriented renter pool within 3 miles and by serviceable amenity access, particularly in food-and-beverage and childcare.
The vintage implies attention to systems and interiors, but that also provides room to reposition against newer neighborhood stock. Investors should balance these advantages against below-metro occupancy, limited immediate daily retail, and a safety profile that trails metro and national medians. Disciplined capex, security measures, and focused marketing to workforce renters can help capture steady tenancy and retention.
- High renter-occupied housing share supports a deep tenant base and stable leasing
- Value-add upside from 1977 vintage through systems upgrades and interior renovations
- 3-mile population and household growth expand the renter pool and support occupancy
- Amenity access strong for dining/cafes; plan for limited immediate daily retail
- Risks: below-metro occupancy, safety metrics below medians, and potential competition from ownership