| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 37th | Fair |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4401 E Rancier Ave, Killeen, TX, 76543, US |
| Region / Metro | Killeen |
| Year of Construction | 2004 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4401 E Rancier Ave Killeen Multifamily Opportunity
Neighborhood metrics point to durable renter demand and stable occupancy, according to WDSuite’s CRE market data. Figures cited reflect neighborhood-level conditions rather than property performance.
Located in Killeen’s inner-suburban fabric of the Killeen-Temple, TX metro, the property benefits from a renter-driven submarket. The neighborhood’s renter-occupied share is 58.9%, which is competitive among Killeen-Temple neighborhoods (rank 25 out of 139), supporting a deeper tenant base and steadier leasing velocity for multifamily assets.
Occupancy at the neighborhood level stands at 91.1% with a five-year uptick, aligning roughly with the metro middle (rank 72 of 139). That combination of solid occupancy and a sizable renter pool points to demand resilience and manageable turnover risk for professionally managed properties.
The 2004 construction vintage is newer than the neighborhood’s average 1990 stock, which can improve competitive positioning versus older assets on finishes and systems; investors should still plan for targeted mid-life capital items and potential repositioning to meet current renter expectations.
Within a 3-mile radius, demographics show population growth over the last five years (+10.4%) alongside a faster increase in household count (+15.9%), indicating a larger tenant base for multifamily. Projections point to further expansion in households by 2028, which supports occupancy stability and leasing momentum for well-located workforce housing.
Operating fundamentals are supported by accessible rents relative to incomes (neighborhood rent-to-income ratio at 0.22) and neighborhood-level NOI per unit performance that sits within the top quartile among 139 metro neighborhoods by rank. Home values in the immediate area remain lower than many national markets, a context that can sustain renter reliance on multifamily housing and aid lease retention without aggressive concessions.
Amenity density is limited nearby (few groceries, pharmacies, childcare, and parks by metro rank), while restaurants are more represented. For investors, this mix suggests car-oriented living and the potential for on-site conveniences or partnerships to enhance resident satisfaction and retention.
Neighborhood safety indicators are around the metro median (crime rank 71 of 139), with national comparisons mixed: property crime sits nearer the middle nationally, while violent crime compares weaker. Recent trend data is constructive, with property offense rates declining year over year, which can support leasing confidence if improvements persist.
Use these figures as context for underwriting and resident-experience planning rather than block-level predictions. Monitoring trajectory and investing in lighting, access control, and community engagement can help reinforce on-site safety and retention.
Regional employment access is diversified, with commutable reach to financial services and technology employers that can broaden the renter base and support retention. The list below reflects notable employers within driving range.
- Raymond James — financial services (33.2 miles)
- Farmers Insurance - Doug Gaul — insurance offices (40.5 miles)
- Dell Technologies — technology (43.6 miles) — HQ
This 76-unit, 2004-vintage property aligns with a renter-oriented neighborhood where occupancy has held near the metro middle and the renter-occupied share is comparatively high. Newer-than-average vintage versus local stock (1990 average) supports competitive positioning, while prudent capital planning for mid-life systems and selective upgrades can unlock value-add potential. According to multifamily property research from WDSuite, neighborhood rents remain manageable relative to incomes, reinforcing lease retention and demand depth.
Within a 3-mile radius, population and household growth have expanded the tenant base, with additional household gains projected through 2028. Amenity density is modest, suggesting an opportunity to differentiate with on-site offerings and resident services, while safety trends should be monitored as part of standard risk management.
- Renter-driven neighborhood with solid occupancy and depth of tenant demand
- 2004 vintage offers relative competitiveness versus older local stock with targeted capex
- Rents positioned against incomes support retention and pricing discipline
- 3-mile household growth and projected gains bolster leasing stability
- Risks: lower amenity density, mixed safety comparables, and commute-oriented lifestyles