| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 49th | Good |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3701 Robinhood Dr, Temple, TX, 76502, US |
| Region / Metro | Temple |
| Year of Construction | 1983 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3701 Robinhood Dr, Temple TX Multifamily Investment
Stabilizing renter demand and suburban fundamentals position this 60-unit asset for steady operations, according to WDSuite’s CRE market data. A 1983 vintage suggests potential to unlock value through targeted renovations while maintaining competitive rents.
Temple’s suburban setting offers daily convenience and family-oriented services, with strong park access (high nationally) and a practical restaurant mix, while cafés, groceries, and pharmacies are limited within the immediate neighborhood. School quality trails metro norms, which may influence family renter preferences, but the area’s everyday livability remains serviceable for workforce tenants.
Rents in the surrounding area sit around the low-$1,000 range and have trended upward in recent years, while the neighborhood’s occupancy has been softer than the metro median, pointing to a leasing environment that rewards competitive positioning and attentive asset management. The local rent-to-income profile indicates modest affordability pressure, supporting retention when balanced with measured rent growth.
Within a 3-mile radius, demographics show recent population growth and a larger household base, with forecasts calling for continued renter pool expansion over the next five years. Roughly half of housing units are renter-occupied, indicating a meaningful base of multifamily demand and depth for lease-up and renewal activity.
The property’s 1983 construction is older than the neighborhood average (2004), which points to potential value-add upside through interior refreshes and modernization of building systems. Upgrading curb appeal and common areas can widen the competitive moat versus newer stock while supporting rent premiums appropriate for the submarket.
Safety indicators are comparatively favorable, placing the neighborhood in the upper decile nationally on WDSuite’s measures. Recent year-over-year data also point to sharp declines in both violent and property offenses, ranking among the stronger improvements nationwide. Investors should continue to track trend durability, but the direction supports leasing stability and resident retention.
Regional employers within a commutable radius help support workforce housing demand and lease stability, led by technology and financial services hubs noted below.
- Raymond James — financial services offices (34.1 miles)
- Farmers Insurance - Doug Gaul — insurance offices (37.2 miles)
- Dell Technologies — technology (43.4 miles) — HQ
This 60-unit, 1983-vintage asset in suburban Temple benefits from an expanding 3-mile renter base and steady income growth, supporting a durable tenant pool and renewal prospects. Neighborhood occupancy has been softer than the metro, but safety metrics are strong and parks/restaurant access is competitive, suggesting that thoughtful upgrades and disciplined leasing can capture share from newer product.
According to CRE market data from WDSuite, local rents have risen while rent-to-income levels remain manageable, creating room for operational improvements without overextending affordability. The older vintage presents clear value-add pathways—unit interiors, building systems, and common areas—that can reposition the asset against a newer neighborhood benchmark while maintaining workforce appeal.
- Expanding 3-mile renter pool and household growth support leasing and renewals
- Strong safety trend and park/restaurant access underpin livability for workforce tenants
- Value-add opportunity from 1983 vintage versus newer neighborhood stock
- Manageable rent-to-income dynamics provide pricing flexibility with careful lease management
- Risk: Softer neighborhood occupancy requires proactive marketing, unit turns, and amenity upgrades