| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 49th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3101 Oakview Dr, Temple, TX, 76502, US |
| Region / Metro | Temple |
| Year of Construction | 1976 |
| Units | 56 |
| Transaction Date | 1998-03-31 |
| Transaction Price | $1,150,600 |
| Buyer | BARBRAD TEMPLE OAKVIEW LLC |
| Seller | BECKLUND INVESTMENTS LTD |
3101 Oakview Dr, Temple TX Multifamily Investment
Suburban Temple asset with value-add potential and a growing renter base; according to WDSuite’s CRE market data, nearby household growth is projected to strengthen demand over the medium term.
Located in a Suburban setting within the Killeen-Temple metro, the neighborhood carries an A- rating and ranks 35 out of 139 metro neighborhoods overall, indicating competitive positioning locally. Amenity access trends mixed: park access is a relative strength (around the 91st percentile nationally), while daily retail like grocery and pharmacy is limited nearby, suggesting residents rely on short drives for essentials.
The area’s median rent level sits near the metro middle, and neighborhood occupancy is softer, which can create leasing competition for owners. By contrast, within a 3-mile radius, the share of housing units that are renter-occupied is substantial, supporting a deeper tenant base and potential absorption for well-positioned product.
Schools in the neighborhood score below many peers (average rating in the lower national percentiles), which may modestly narrow the appeal to family renters but does not preclude demand from workforce and young adult segments. Household incomes trend slightly above national midpoints, and the rent-to-income profile is manageable, which can aid retention and steady lease-ups when pricing is aligned to local spending power.
Vintage context matters: most nearby stock skews newer (average year 2004). With a 1976 construction year, this property is older than local norms and may benefit from targeted renovations and capital planning to compete with newer inventory—creating value-add upside if improvements address finishes, systems, and curb appeal in line with regional expectations.
Safety indicators present a nuanced picture. Within the Killeen-Temple metro, the neighborhood’s crime rank is closer to the higher-incident end (ranked 6 out of 139), indicating more reported activity than many local areas. At the same time, national comparisons place the area in higher safety percentiles, and recent data shows notable year-over-year declines in both property and violent incidents. For investors, this suggests monitoring trends at the submarket level while recognizing improving momentum and comparatively favorable national standing based on CRE market data from WDSuite.
- Raymond James — financial services offices (34.8 miles)
- Farmers Insurance - Doug Gaul — insurance offices (37.8 miles)
- Dell Technologies — technology — HQ (44.1 miles)
The investment case centers on pairing value-add execution with a growing renter pool. Built in 1976, the asset is older than nearby stock (which skews 2000s), creating scope for renovations that can sharpen competitive positioning against newer product. Within a 3-mile radius, population and households are projected to rise meaningfully over the next five years, expanding the tenant base and supporting occupancy stability as upgraded units come to market, according to CRE market data from WDSuite.
Local fundamentals are mixed but investable: rents align with local incomes, park access is a lifestyle advantage, and the broader area’s renter concentration supports leasing depth. Risks to underwrite include below-metro school ratings, limited walkable daily retail, and softer neighborhood occupancy, which put a premium on asset quality, operations, and pricing discipline.
- Older 1976 vintage offers clear value-add pathways to compete with newer 2000s stock.
- 3-mile population and household growth expand the renter pool, supporting lease-up and retention.
- Rent levels track local incomes, aiding affordability management and pricing power for renovated units.
- Park access strengthens livability, while limited nearby retail underscores the need for convenience-focused amenities on-site.
- Risks: below-metro school ratings, neighborhood occupancy softness, and localized crime rank warrant conservative underwriting and active asset management.