| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 67th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2803 Ira Young Dr, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 2008 |
| Units | 104 |
| Transaction Date | 2017-03-31 |
| Transaction Price | $56,300 |
| Buyer | FORD MATHEW |
| Seller | COHEN BARRY S |
2803 Ira Young Dr Temple Multifamily Investment
Neighborhood indicators point to stable renter demand and solid occupancy supported by strong amenity access and a high renter-occupied share, according to WDSuite’s CRE market data. This 2008 asset in Temple’s inner-suburb context is positioned for durable leasing with room for targeted value-add.
The property sits in an Inner Suburb neighborhood in Temple that ranks first among 139 metro neighborhoods (A+), signaling a favored location for daily convenience and renter appeal. Restaurant, grocery, and café densities score in the 90th+ national percentiles, translating to walkable essentials and quick-drive retail that typically support leasing and resident retention.
At the neighborhood level (not the property), occupancy is above the metro median and rent levels trend mid-market versus national peers, suggesting balanced pricing power without relying on top-tier incomes. The area’s renter-occupied share is high, indicating a deep tenant base for multifamily operators and potential resilience through leasing cycles.
Construction patterns skew newer than much of the metro; with a 2008 vintage, this property is newer than the neighborhood average year of 1991, offering competitive positioning versus older stock while still warranting periodic system updates and common-area refreshes for ongoing relevance.
Within a 3-mile radius, recent population and household growth have expanded the local renter pool, and forecasts point to continued increases through 2028. Rising median incomes and a steady mix of family and non-family households support demand for a range of unit types and lease structures, which can help sustain occupancy and reduce downtime between turns.
Home values in this submarket are comparatively accessible in a national context, which can introduce some competition from ownership options. For multifamily owners, this favors careful rent setting and amenity differentiation to maintain leasing velocity and renewal rates as consumers weigh monthly costs and value.
Neighborhood safety trends compare favorably at a national level, with indicators landing in the upper percentiles nationally, which typically correlates with stronger leasing performance and resident retention. Recent year-over-year estimates also point to improvements in both property and violent offense measures, a constructive signal for long-term holding assumptions.
As always, investors should evaluate submarket trends across multiple years and compare them with the broader Killeen-Temple metro to confirm consistency, rather than relying on a single period. Property-level measures (lighting, access control, and visibility) remain important levers for reinforcing the neighborhood backdrop.
Regional employment access supports renter demand through commute options to diversified services and corporate offices. Nearby employers below illustrate the types of professional and financial services roles that contribute to stable tenancy in this submarket.
- Raymond James — financial services (35.8 miles)
- Farmers Insurance - Doug Gaul — insurance (38.8 miles)
This 104-unit, 2008-built asset benefits from a renter-heavy neighborhood with above-metro-median occupancy and strong amenity access, supporting durable demand and renewal potential. The vintage is competitive versus older local stock, while still offering value-add opportunities through targeted interior updates and common-area improvements. According to CRE market data from WDSuite, the surrounding neighborhood scores strongly on convenience factors and shows constructive safety trends, both of which tend to reinforce leasing stability.
Within a 3-mile radius, recent and projected growth in population and households indicates a larger tenant base ahead, while income gains support rentability across unit types. Counterbalancing considerations include relatively accessible ownership options locally and signs of rent-to-income pressure, which argue for disciplined rent setting and amenity-led differentiation to protect occupancy and retention.
- Renter-heavy neighborhood and above-metro-median occupancy support demand durability.
- 2008 construction offers competitive positioning with scope for targeted value-add.
- Strong amenity access and favorable safety trends underpin leasing and renewals.
- 3-mile growth in population and households expands the tenant base over the medium term.
- Risk: accessible ownership options and rent-to-income pressure require disciplined pricing and asset differentiation.