| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 52nd | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1416 Paseo del Oro, Temple, TX, 76502, US |
| Region / Metro | Temple |
| Year of Construction | 1979 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1416 Paseo del Oro, Temple TX Multifamily Investment
Neighborhood occupancy is strong with a sizable renter base, supporting stable collections according to WDSuite’s CRE market data. Older vintage suggests potential value-add positioning relative to newer nearby stock.
This Inner Suburb pocket of Temple scores A+ on neighborhood quality, with amenity access that ranks 2nd out of 139 metro neighborhoods and places the area in the top decile nationally. Cafes, restaurants, groceries, parks, and pharmacies are well represented, indicating daily convenience and resident stickiness that can aid leasing and renewals.
Neighborhood occupancy is 97.0% (measured for the neighborhood, not the property), above most U.S. areas and competitive within Killeen–Temple. Renter-occupied share is 63.7% at the neighborhood level, signaling a deep tenant base for multifamily and supporting demand durability across cycles.
Local rent positioning sits mid-to-upper tier for the metro and above the national middle, while the neighborhood rent-to-income ratio of 0.21 points to manageable affordability that can support retention and measured rent growth. Home values in the area are lower than many national peers, which can introduce some competition from ownership options, but multifamily remains compelling given convenience amenities and renter concentration.
Within a 3-mile radius, population and households have expanded, and WDSuite’s data indicate further growth ahead with smaller average household sizes—factors that typically broaden the renter pool and support occupancy stability. For investors conducting multifamily property research, the combination of solid neighborhood amenities and a growing nearby household base reinforces long-run demand fundamentals.
Construction in the neighborhood skews newer on average (2007), while the subject’s 1979 vintage is older—an important consideration for capital planning. This age gap can create value-add potential through targeted renovations and system upgrades to compete effectively with newer stock.
Safety indicators for the neighborhood compare favorably at the national level: violent offense measures sit in the top decile nationally, and property offense readings are also better than the national middle. Recent year-over-year trends show steep declines in both violent and property offenses, which, if sustained, support renter confidence and leasing stability. These data points reflect neighborhood-level conditions within the Killeen–Temple metro rather than block-by-block dynamics.
Investors should view safety as one component of overall performance alongside occupancy, renter demand, and asset quality; trends should be monitored over time given that neighborhood conditions can evolve.
Regional employment access is anchored by diversified corporate offices within commuting range, which can support workforce housing demand and lease retention. The list below highlights nearby employers referenced in WDSuite’s data.
- Raymond James — financial services offices (34.1 miles)
- Farmers Insurance - Doug Gaul — insurance offices (36.8 miles)
- Dell Technologies — technology corporate offices (43.2 miles) — HQ
The asset’s 1979 vintage is older than the neighborhood’s newer-leaning stock, creating a clear value-add path through interior updates and selective system replacements. At the neighborhood level, occupancy is high with a majority of units renter-occupied, indicating a deep tenant base that supports stable leasing through cycles.
According to CRE market data from WDSuite, the surrounding 3-mile area is experiencing population and household growth with a trend toward smaller household sizes, which typically expands the renter pool and supports occupancy stability. Forward-looking rent benchmarks for the area point to continued pricing momentum, though operators should calibrate increases against local affordability to maintain retention.
- Strong neighborhood fundamentals: high occupancy and sizeable renter-occupied share support demand depth
- Value-add potential: 1979 construction offers renovation and repositioning upside versus newer nearby stock
- Amenity-rich location: top-tier metro amenity access aids leasing velocity and renewals
- Demand tailwinds: 3-mile population and household growth support a larger tenant base over time
- Key risks: competition from entry-level ownership options and capital needs typical of late-1970s assets