| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 59th | Best |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1213 Waters Dairy Rd, Temple, TX, 76502, US |
| Region / Metro | Temple |
| Year of Construction | 2002 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1213 Waters Dairy Rd Temple, TX Multifamily Investment
Suburban Temple shows stable renter demand and strong household incomes, according to WDSuite’s CRE market data, supporting a durable leasing story for a 2002-vintage, 112-unit asset.
The property sits in a Suburban neighborhood of Temple that rates A- and ranks 22 out of 139 within the Killeen-Temple metro, placing it in the top quartile among metro neighborhoods. Local livability leans residential with parks access stronger than many U.S. areas, while everyday services are present but not dense.
Rents in the neighborhood benchmark above many U.S. neighborhoods (nationally high percentile), and overall occupancy in the neighborhood is around the metro middle, which points to steady but not overheated conditions for lease-up and renewals. The average construction year in the immediate area skews newer (2020), so a 2002-built community competes against relatively fresh stock; this can be an opening for targeted renovations to sustain positioning.
Tenure patterns vary by lens: within the immediate neighborhood, the share of renter-occupied housing units is modest (around one-fifth), suggesting thinner immediate rental depth; within a 3-mile radius, renter concentration is higher and growing alongside household counts, which broadens the tenant base and supports occupancy stability.
Household incomes are comparatively strong for the region, and home values sit in a mid-range nationally. In a high-cost ownership market this often reinforces rental reliance; here, ownership is more attainable, which can create competition with single-family options. Lease management and product differentiation (finish level, amenities, parking) become key to maintain pricing power and retention.
Safety indicators compare favorably. The neighborhood sits in a high national safety percentile and is competitive among Killeen-Temple neighborhoods, based on crime ranks tracked against 139 metro neighborhoods. Recent year-over-year trends point to improving incident rates, which supports leasing stability and property operations.
Interpret these figures as area-level context rather than block-specific guarantees; investors should still align security measures with property vintage and operating plans.
- Raymond James — financial services offices (33.9 miles)
- Farmers Insurance - Doug Gaul — insurance offices (36.5 miles)
- Dell Technologies — technology (42.9 miles) — HQ
This 112-unit community, constructed in 2002, competes in a suburban Temple location where neighborhood rents index well nationally and safety trends are favorable. Household growth within a 3-mile radius has been strong with further increases projected, expanding the renter pool and supporting occupancy over the hold. The area’s newer average vintage (2020) suggests a value-add path: targeted unit and common-area updates can help the asset stand out versus newer comps without overextending capital.
Operating fundamentals look balanced rather than overheated: neighborhood occupancy sits near the metro middle, incomes are comparatively strong, and ownership is accessible, which can introduce competition with for-sale housing. According to CRE market data from WDSuite, these conditions favor disciplined underwriting that leans on renovation-driven differentiation, prudent concessions, and retention-focused asset management.
- Growing 3-mile renter base supports lease-up and renewal stability.
- 2002 vintage offers clear value-add levers to compete with newer 2020-area stock.
- Favorable safety profile and solid income levels aid tenant retention.
- Balanced neighborhood occupancy reduces overheating risk but calls for active leasing strategy.
- Risks: accessible ownership can compete with rentals; success hinges on renovation scope, pricing discipline, and retention execution.