| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 37th | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4100 Lake Rd, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1984 |
| Units | 75 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4100 Lake Rd Killeen Multifamily Investment Opportunity
Renter demand is supported by a high renter-occupied share in the neighborhood and occupancy that tracks near the metro average, according to WDSuite’s CRE market data. Positioned for workforce tenants, the asset benefits from steady leasing fundamentals without relying on premium amenity density.
The property sits in Killeen’s inner-suburban fabric with leasing conditions that are broadly in line with the metro. Neighborhood occupancy is near the metro median (rank 72 of 139), while the renter-occupied share ranks 25 of 139 — a top quartile position that signals a deeper tenant base for multifamily investors. Median contract rents in the immediate area are modest, which helps sustain demand and supports leasing stability for well-managed assets.
Amenity access is mixed. Restaurant density is competitive among Killeen-Temple neighborhoods (rank 41 of 139), but broader amenity availability sits below the metro median (amenity rank 82 of 139). For investors, this points to a resident profile prioritizing value, commute convenience, and essential services over luxury retail or entertainment clusters.
Within a 3-mile radius, population grew roughly over the past five years and households increased by 15.3%, expanding the local renter pool. Renter-occupied units account for about 65.9% of housing within this radius, indicating a strong propensity to rent and a larger tenant base to support occupancy. Looking ahead, projections show continued population growth and a notable increase in households by 2028, which should underpin demand for rental units and help sustain leasing velocity.
Home values in the neighborhood are comparatively accessible within the regional context, which can create some competition with entry-level ownership. Even so, rent-to-income levels around the neighborhood suggest manageable affordability pressure, aiding retention for properties that maintain competitive pricing and practical finishes. Vintage stock is slightly older than the neighborhood average; the subject’s 1984 construction relative to an average 1990 vintage implies potential value-add and selective capital planning to remain competitive with newer buildings.
Public safety indicators are mixed relative to peers. Overall crime levels track close to the metro average (rank 71 of 139; around the 50th national percentile), suggesting neither a standout risk nor a strong advantage compared with similar neighborhoods.
Property-related offenses trend more favorably, positioned above the national midpoint (around the 59th percentile) with a recent year-over-year decline reported in WDSuite’s data. Violent-offense metrics sit below the national midpoint (about the 25th percentile), warranting continued monitoring and standard property-level security measures. Investors should assess block-level conditions during diligence while recognizing that recent trends show improvement in non-violent categories.
The area draws workforce renters with access to diversified employers, supporting commute convenience and leasing stability. Nearby organizations include Raymond James, Farmers Insurance, and Dell Technologies.
- Raymond James — financial services (33.3 miles)
- Farmers Insurance - Doug Gaul — insurance (40.6 miles)
- Dell Technologies — technology (43.7 miles) — HQ
This 75-unit property built in 1984 aligns with a neighborhood where renters represent a large share of occupied housing, supporting depth of demand and occupancy stability. Within a 3-mile radius, households have grown meaningfully and are projected to rise further by 2028, pointing to a larger tenant base and continued leasing momentum. Based on CRE market data from WDSuite, local occupancy sits near the metro median while median rents remain attainable, a combination that can support retention for properties that balance pricing with pragmatic updates.
The 1984 vintage suggests targeted capital planning and value-add potential — such as interior modernization and systems upgrades — to compete effectively against slightly newer stock. Ownership costs in the area remain relatively accessible, so positioning around value and convenience is important to mitigate competition from entry-level ownership and maintain pricing power through tenant retention.
- Renter concentration is high in the neighborhood and within 3 miles, indicating a deeper tenant base and support for occupancy.
- Household growth historically and projected increases by 2028 expand demand for rental units and leasing stability.
- Attainable area rents paired with metro-median occupancy support retention and steady cash flow for well-managed assets.
- 1984 vintage offers value-add potential through selective renovations and building systems updates.
- Risk: amenity density is below the metro median and violent-offense metrics sit below national midpoints, warranting focused operations and security oversight.