| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 52nd | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Paseo Del Oro, Temple, TX, 76502, US |
| Region / Metro | Temple |
| Year of Construction | 1979 |
| Units | 48 |
| Transaction Date | 2013-11-27 |
| Transaction Price | $353,300 |
| Buyer | SILVER PARK KJ LLC |
| Seller | HILLTOPPER-TEMPLE LLC |
1410 Paseo Del Oro, Temple TX Multifamily Investment
Neighborhood-level occupancy is high and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 48-unit asset in an amenity-rich inner suburb of the Killeen-Temple metro.
Located in Temple’s inner-suburban fabric, the neighborhood scores among the top performers within the Killeen-Temple metro (ranked 3 out of 139 neighborhoods with an A+ neighborhood rating). Amenity access is a clear strength: cafes, groceries, parks, and pharmacies all register in the upper tiers locally and sit in the top quartile nationally, helping properties compete for tenants and sustain leasing velocity.
For investors, demand fundamentals at the neighborhood level are favorable. Occupancy is strong (97% for the neighborhood), placing it above metro medians and in the top quartile nationally. Renter-occupied housing share is elevated for the neighborhood (63.7%), indicating a sizable tenant base that can support multifamily absorption and retention through cycles.
The property’s 1979 construction is older than the neighborhood’s average vintage of 2007. This age profile typically requires capital planning for systems and common areas, but it can also create value-add potential through targeted renovations that reposition units relative to newer stock.
Within a 3-mile radius, demographics point to a growing and diversifying renter pool. Population and households have expanded in recent years and are projected to increase further by 2028, while average household size trends modestly lower—factors that collectively broaden the tenant base and can support occupancy stability and steady leasing.
Home values in the neighborhood sit on the more accessible end relative to national norms, and rent-to-income levels trend moderate. This context can introduce some competition from ownership options, yet it also supports resident retention and measured pricing power when combined with strong neighborhood services and employment access.
Safety indicators are comparatively favorable. The neighborhood ranks among the safer areas within the Killeen-Temple metro (rank 9 out of 139), and safety metrics sit in the top quartile nationally. Recent data also reflect notable year-over-year improvement in both violent and property offense estimates, suggesting a constructive trend at the neighborhood level.
Regional employment access supports workforce housing dynamics, with proximity to Raymond James, Farmers Insurance, and Dell Technologies offering diversified white-collar demand and commute convenience that can aid leasing and retention.
- Raymond James — financial services (34.2 miles)
- Farmers Insurance - Doug Gaul — insurance (36.8 miles)
- Dell Technologies — technology (43.3 miles) — HQ
The investment case centers on durable neighborhood demand and potential value-add upside. At the neighborhood level, occupancy trends are strong and renter concentration is high, while amenity access ranks near the top of the Killeen-Temple metro—factors that support leasing stability and tenant retention. According to CRE market data from WDSuite, neighborhood-level NOI per unit is competitive in the metro, and safety indicators track in the top quartile nationally, which can underpin long-term fundamentals.
Built in 1979, the asset is older than nearby stock, suggesting targeted renovations and system upgrades could enhance competitive positioning versus 2000s-vintage peers. Within a 3-mile radius, population and household growth—paired with rising incomes—signal a larger tenant base over the next several years, which can support occupancy stability and measured rent growth.
- Strong neighborhood occupancy and renter concentration support stable leasing
- Amenity-rich inner suburb with nationally competitive safety indicators
- 1979 vintage offers value-add potential through targeted renovations
- 3-mile demographic growth and rising incomes expand the tenant base
- Risks: older systems may require capex; accessible ownership options can compete with rentals