| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 28th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4308 Zephyr Rd, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2007-03-16 |
| Transaction Price | $181,300 |
| Buyer | JQ2 LLC |
| Seller | BOWDLE |
4308 Zephyr Rd, Killeen TX Multifamily Investment
Occupancy in the surrounding neighborhood trends above the metro median and renter demand remains durable, according to WDSuite s commercial real estate analysis. This 24-unit asset sits in an inner-suburban pocket where pricing remains accessible relative to regional norms, supporting leasing stability.
The property is located in an inner-suburban Killeen neighborhood rated A and ranked 20 out of 139 across the metro, placing it in the top quartile locally. Amenity access is solid for daily needs, with restaurants, cafes, groceries, and pharmacies scoring above national averages, which supports resident retention and day-to-day convenience for tenants.
Neighborhood occupancy is 91.8% and ranks 65 of 139, indicating performance above the metro median and generally steady leasing conditions. Renter-occupied housing is comparatively prevalent (national percentile 83), pointing to a deep tenant base for multifamily operators. Median contract rents sit near the middle of national comparisons, which can aid ongoing absorption without overextending affordability.
Within a 3-mile radius, population and household counts have grown over the past five years, with households expanding faster than population, implying smaller average household sizes and a larger pool of potential renters. Forward-looking projections also indicate additional household growth, which should support occupancy stability and renewal potential.
The asset s 1973 vintage is older than the neighborhood s average construction year of 2002. For investors, this points to capital planning considerations alongside value-add or modernization opportunities to improve competitive positioning against newer stock.
Ownership costs in the area are comparatively accessible by national standards, which can create some competition from entry-level ownership. Even so, elevated renter concentration and solid neighborhood amenities can sustain demand for well-managed rentals. School ratings trend below national averages, which is a consideration for unit mix strategy and tenant targeting. Limited park access locally underscores the importance of on-site features and property-level upkeep.
Safety metrics for the neighborhood sit modestly above national averages (national percentile 56) and rank above the metro median at 57 out of 139 Killeen-Temple neighborhoods. Recent trend data indicates meaningful year-over-year improvement in both property and violent offense rates, which supports a cautiously positive outlook on area stability.
As with any submarket analysis, conditions can vary by block and over time. Operators should confirm on-the-ground patterns, but current directionality suggests improving comparables relative to both metro peers and national benchmarks.
Regional employment access is anchored by corporate offices within commuting range, supporting renter demand for workforce housing. Nearby employers include Raymond James, Farmers Insurance, and Dell Technologies, providing diversified white-collar opportunities that can aid leasing stability.
- Raymond James corporate offices (31.6 miles)
- Farmers Insurance - Doug Gaul corporate offices (39.1 miles)
- Dell Technologies corporate offices (42.0 miles) HQ
4308 Zephyr Rd offers a 24-unit footprint in a top-quartile Killeen neighborhood where occupancy trends above the metro median and renter concentration is high by national comparison. Based on CRE market data from WDSuite, amenity access is favorable for daily needs, helping underpin retention, while homeownership remains relatively accessible regionally, which calls for disciplined leasing and value-focused positioning.
The property s 1973 vintage suggests scope for targeted renovations and system upgrades to enhance competitiveness versus newer stock (neighborhood average construction year is 2002). Demographic growth within a 3-mile radius especially household expansion supports a larger tenant base over time, reinforcing the case for steady occupancy with a well-executed value-add and operations plan.
- Top-quartile neighborhood ranking locally with occupancy above the metro median
- Strong renter-occupied housing share indicates depth of tenant demand
- 1973 vintage presents value-add and modernization potential to improve rentability
- 3-mile household growth expands the renter pool, supporting leasing and renewals
- Risks: below-average school ratings, minimal park access, and competition from entry-level ownership options