| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 67th | Best |
| Amenities | 90th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3550 SW H K Dodgen Loop, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 1984 |
| Units | 112 |
| Transaction Date | 2017-06-30 |
| Transaction Price | $6,591,300 |
| Buyer | FGIRW LLC |
| Seller | RDO CREEKSIDE ASSOCAITES LLC |
3550 SW H K Dodgen Loop, Temple TX Multifamily Investment
Neighborhood data points to stable renter demand and amenity access, with occupancy in the surrounding area running above the metro median according to WDSuite s CRE market data. For investors, the combination of high renter concentration and daily needs retail supports leasing durability.
This Inner Suburb neighborhood in the Killeen Temple metro carries an A+ rating and ranks 1st among 139 metro neighborhoods, signaling strong fundamentals relative to the region. Amenity density is a notable strength: restaurants, groceries, parks, and pharmacies score in high national percentiles, offering daily convenience that can aid retention and leasing velocity.
The neighborhood s occupancy rate is above the metro median (ranked 58 of 139), a constructive backdrop for stabilizing cash flow. The share of housing units that are renter-occupied is elevated at the neighborhood level (ranked 3 of 139, top national percentile), indicating a deep tenant pool for multifamily. Median contract rents in the neighborhood sit in the mid-range nationally, which supports competitive positioning without relying solely on concessions.
Within a 3-mile radius, demographics indicate population growth over the past five years and further expansion ahead, alongside increasing household counts. This points to a larger tenant base and supports occupancy stability for professionally managed assets. Household sizes have trended modestly smaller historically before a forecasted stabilization, which can favor demand for a mix of one- and two-bedroom product.
The property s vintage is 1984, while the neighborhood s average construction year skews newer (1991). This age gap suggests clear value-add potential via interior upgrades and modernization, with capital planning focused on systems and finishes to compete effectively against newer stock.
Home values in the neighborhood are lower relative to many U.S. areas, which can introduce some competition from entry-level ownership. At the same time, a high renter concentration underscores that multifamily remains a primary housing option locally. Rent-to-income ratios at the neighborhood level point to some affordability pressure, so proactive lease management and renewal strategies remain important.
Safety indicators compare favorably: the neighborhood ranks 8th out of 139 metro neighborhoods and sits in a high national percentile, indicating stronger safety conditions relative to many areas nationwide. This generally supports leasing and retention for workforce and market-rate renters alike.
Recent trends show notable year-over-year declines in both violent and property offense rates at the neighborhood level, according to WDSuite s CRE market data. While conditions can vary by block and over time, the comparative and directional data supports a constructive outlook on safety for multifamily operations.
Regional employers in financial services and insurance are within commuting range, offering diversified white-collar demand that can contribute to tenant stability for nearby multifamily.
- Raymond James financial services (35.7 miles)
- Farmers Insurance Doug Gaul insurance agency (38.8 miles)
Positioned in an A+-rated Inner Suburb that ranks 1st of 139 metro neighborhoods, this 112-unit, 1984-vintage asset benefits from high amenity access and a renter-heavy housing stock that supports a durable tenant base. Neighborhood occupancy runs above the metro median, and within a 3-mile radius both population and households are expanding, reinforcing demand for professionally managed units. Based on commercial real estate analysis from WDSuite, relative safety standing and strong daily-needs retail further bolster retention potential.
The 1984 vintage presents a straightforward value-add path: targeted interior upgrades and systems modernization can sharpen competitiveness versus newer stock. Investors should also plan for thoughtful lease management, as neighborhood rent-to-income dynamics indicate some affordability pressure even as renter concentration remains high. With amenity density and steady demand drivers, the thesis centers on operational execution and selective capital deployment.
- Top-ranked neighborhood (1 of 139) with strong amenity access and renter depth
- Neighborhood occupancy above the metro median supports cash flow stability
- 3-mile radius shows population and household growth, enlarging the tenant base
- 1984 vintage offers value-add potential via interior and systems upgrades
- Risk: rent-to-income pressure requires disciplined pricing and renewal strategies