| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 41st | Fair |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 608 John Paul Jones Dr, Temple, TX, 76504, US |
| Region / Metro | Temple |
| Year of Construction | 1985 |
| Units | 87 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
608 John Paul Jones Dr Temple Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter demand is deep, according to WDSuite’s CRE market data, while the 1985 vintage suggests potential value-add through targeted renovations. These occupancy and demand metrics reflect the surrounding neighborhood, not the specific property.
Situated in a suburban pocket of Temple with a B+ neighborhood rating, this area ranks 48 out of 139 Killeen–Temple neighborhoods—above the metro median in overall performance. Amenities are modest for a suburban location (amenity rank 60 of 139), with limited cafes and parks, but day-to-day services are present, and public schools average 3.0/5, ranking 14 of 139—top quartile among metro neighborhoods—supporting family-oriented renter appeal.
From an income and rent perspective, neighborhood median contract rents have risen over the last five years, and the rent-to-income ratio near 0.18 points to manageable affordability pressure that can support retention and steady leasing. Home values around the neighborhood are relatively accessible for the region, which can introduce some competition with ownership, but also helps sustain balanced pricing power for multifamily operators.
Renter-occupied housing accounts for roughly 61% of units in the neighborhood, indicating a sizable tenant base. Neighborhood occupancy ranks 1 out of 139 in the Killeen–Temple metro and sits in the top national percentile, signaling strong absorption and limited vacant stock at the neighborhood level (these figures reflect neighborhood conditions, not the property).
Demographic statistics aggregated within a 3-mile radius show modest population growth over the past five years alongside a larger increase in household counts, which typically expands the renter pool and supports occupancy stability. Looking ahead, forecasts point to further increases in households and a slight rise in renter share by 2028, which would deepen demand for rental units and bolster leasing fundamentals.
Comparable neighborhood-level safety rankings are not available in WDSuite for this location, so investors should contextualize property risk using broader city and county trends and recent incident patterns. Consider pairing regional crime trend reviews with on-site security practices, lighting, and visibility assessments to frame underwriting assumptions conservatively.
- Raymond James — financial services offices (37.4 miles)
- Farmers Insurance - Doug Gaul — insurance offices (40.5 miles)
The asset’s 1985 construction is older than the neighborhood’s average vintage, creating clear pathways for value-add through interior updates and system upgrades to enhance competitiveness against newer stock. At the neighborhood level, occupancy ranks first in the Killeen–Temple metro and sits at the top nationally, and renter-occupied housing near 61% indicates a sizable tenant base to support leasing. Based on CRE market data from WDSuite, rents have grown over the past five years while renter affordability remains manageable, supporting retention and stable cash flows.
Within a 3-mile radius, household counts have increased and are projected to rise further, expanding the renter pool and supporting occupancy stability. While ownership is relatively accessible in this part of Bell County—introducing some competition with for-sale options—the combination of strong neighborhood occupancy, a growing household base, and value-add potential provides a constructive long-term setup for multifamily performance.
- Neighborhood occupancy leads the metro and is top percentile nationally, supporting leasing stability.
- Large renter-occupied share indicates depth of tenant demand across unit types.
- 1985 vintage offers value-add potential via unit renovations and building system upgrades.
- Risks: relatively accessible ownership and modest amenity density may temper pricing power; plan CapEx and positioning accordingly.