| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 67th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3010 Ira Young Dr, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 1995 |
| Units | 96 |
| Transaction Date | 2013-05-15 |
| Transaction Price | $130,100 |
| Buyer | TIBBITTS MICHELLE |
| Seller | MAHLER SUMA ANN |
3010 Ira Young Dr, Temple TX Multifamily Investment
Amenity depth and a high renter concentration in the surrounding neighborhood point to durable leasing, according to WDSuites CRE market data, with occupancy trending above the metro median.
The property sits in an Inner Suburb location within Temple that scores strongly on neighborhood fundamentals. The area is the top-ranked (1 of 139) A+ neighborhood in the Killeen-Temple metro, supported by dense retail and daily-needs access. Neighborhood amenity access is top quartile nationally, with restaurants, cafes, groceries, parks, and pharmacies concentrated near the asset, reinforcing day-to-day convenience and renter appeal.
Rents and vacancies (occupancy) at the neighborhood level indicate resilience. Occupancy is above the metro median (58 of 139) and around the 60th national percentile, signaling comparatively steady absorption and lease retention for nearby multifamily. The neighborhood s renter-occupied share is high at roughly 78.5%, indicating a deep tenant base that can support ongoing leasing velocity and renewal opportunities for properties of similar profile.
Within a 3-mile radius, demographics show recent population growth alongside a larger household count, contributing to a broader tenant base. Forecasts through 2028 point to continued population growth and a sizable increase in households, which should expand the renter pool and support occupancy stability. Median household incomes have trended higher, and the mix spans a wide range of income bands, which is relevant for unit mix and pricing strategy.
Home values in the neighborhood are relatively low compared with national norms, which can introduce some competition from entry-level ownership. That said, elevated amenity access and renter concentration support demand for rental housing and can aid lease retention. For underwriting, note that neighborhood-level NOI per unit trends sit in lower national percentiles, suggesting a conservative stance on near-term pricing power is prudent while focusing on operational execution.
Vintage context: the asset s 1995 construction is slightly newer than the neighborhood average (1991). This positions the property competitively versus older stock, while still warranting capital planning for mid-life systems and selective renovations to sustain leasing momentum.
Neighborhood safety indicators are comparatively favorable. Crime ranks 8 out of 139 Killeen-Temple neighborhoods and sits in the top quartile nationally, pointing to a relatively safer environment versus many peer areas. Violent offense metrics are also above national averages for safety (around the upper quartiles), which can support renter satisfaction and retention.
Recent trend data shows notable year-over-year declines in both property and violent offenses at the neighborhood level. While safety conditions can vary by block and over time, the broader directional trend is a constructive signal for long-term multifamily operations.
Regional employment access is supported by a mix of professional services reachable by highway, providing a commuter-friendly base that can aid tenant retention. Key nearby employers include Raymond James and Farmers Insurance.
- Raymond James — financial services offices (35.8 miles)
- Farmers Insurance - Doug Gaul — insurance services (38.9 miles)
3010 Ira Young Dr offers investors exposure to a top-ranked neighborhood with strong amenity access, high renter concentration, and occupancy that trends above the metro median — characteristics that can support stable leasing and renewal outcomes. The 1995 vintage is slightly newer than the neighborhood average, giving the asset relative competitiveness versus older comparables while still warranting targeted system updates and value-add upgrades. According to CRE market data from WDSuite, neighborhood-level safety indicators are top quartile nationally, adding support for tenant retention.
Forward-looking demographics within a 3-mile radius indicate continued population growth and a substantial increase in households by 2028, implying a larger tenant base and sustained demand for rental units. Balanced against these strengths, relatively low neighborhood home values may create competition from ownership alternatives, and neighborhood NOI per unit benchmarks sit in lower national percentiles—factors that argue for conservative rent growth assumptions and disciplined expense management.
- Top-ranked (1 of 139) A+ neighborhood with strong amenity access supporting renter demand
- Occupancy above metro median with high renter concentration underpinning leasing stability
- 1995 construction offers competitive positioning versus older stock; plan selective upgrades
- 3-mile demographic growth and household expansion support a larger tenant base
- Risks: entry-level ownership competition and lower neighborhood NOI per unit vs. national peers