| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 47th | Good |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1103 Leonhard St, Copperas Cove, TX, 76522, US |
| Region / Metro | Copperas Cove |
| Year of Construction | 1993 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1103 Leonhard St Copperas Cove Multifamily Investment
Occupancy in the surrounding neighborhood has held in the low-90s with a renter concentration just over half of units, according to WDSuite’s CRE market data. Proximity to daily-needs retail and dining supports stable renter demand without relying on a single driver.
The property sits in an Inner Suburb neighborhood rated A within the Killeen–Temple metro, ranking 10 out of 139 neighborhoods — competitive among metro peers. Local occupancy is in the low-90s and above the national median, while the share of housing units that are renter-occupied is just over half, indicating a meaningful tenant base for multifamily owners.
Everyday convenience is a strength: restaurant density is in the top quartile nationally, with cafes, groceries, and pharmacies also scoring above national medians. Park access is limited, which may modestly reduce recreational appeal, and average school ratings trend below national norms; investors should calibrate unit mix and amenities accordingly to sustain leasing.
Within a 3-mile radius, population and households have grown over the last five years, with households expanding faster than population — a pattern that can enlarge the renter pool and support occupancy stability. Forward-looking data points to continued increases in households and incomes, suggesting ongoing demand for well-managed, moderately priced units. This multifamily property research context supports steady absorption for smaller formats common in workforce housing.
Home values in the neighborhood are lower than many U.S. areas, creating a more accessible ownership market. For investors, that can mean some competition from entry-level ownership; however, relatively modest rent-to-income levels locally can aid retention and reduce turnover if pricing remains disciplined.
Neighborhood safety metrics trail national benchmarks, with both violent and property offense rates positioned in lower national percentiles. However, recent year-over-year trends show notable declines in estimated incidents, placing the neighborhood above many metro peers for improvement momentum among 139 Killeen–Temple neighborhoods. Investors should underwrite with prudent security measures and tenant-experience planning while recognizing the improving trajectory.
Regional employment options within commuting range can help support renter retention even if daily demand is largely local service-oriented. Notable corporate presence nearby includes:
- Raymond James — financial services offices (35.4 miles)
Built in 1993, the asset is slightly newer than the neighborhood’s average vintage, offering a competitive footing versus older stock while still leaving room for targeted upgrades to enhance durability and renter appeal. According to CRE market data from WDSuite, neighborhood occupancy sits in the low-90s with a renter-occupied share just over half of units, and amenity access is strong for daily needs — all supportive of consistent leasing for smaller-format units.
The surrounding 3-mile area shows growth in households and incomes, with projections indicating further expansion that can enlarge the tenant base. Balanced against this, home values are comparatively accessible, implying some competition from ownership, and safety metrics remain weaker than national norms despite recent improvements.
- Slightly newer 1993 vintage offers competitive positioning with selective value-add potential
- Low-90s occupancy and meaningful renter concentration support demand consistency
- Strong daily-needs access (dining, groceries, pharmacies) aids retention and leasing
- 3-mile household and income growth expands the tenant base over time
- Risks: relatively weaker safety metrics and competition from entry-level ownership