| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 61st | Best |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1202 S FM 116, Copperas Cove, TX, 76522, US |
| Region / Metro | Copperas Cove |
| Year of Construction | 2003 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1202 S FM 116, Copperas Cove Multifamily Investment
Stabilized neighborhood occupancy and favorable rent-to-income dynamics point to steady renter demand, according to CRE market data from WDSuite. The assets suburban positioning supports durable leasing while offering potential value-add upside versus newer nearby product.
The property sits in a suburban neighborhood within the Killeen-Temple metro that scores A- overall and ranks 33rd out of 139 metro neighborhoods competitive among Killeen-Temple neighborhoods. Neighborhood occupancy registers in the high range and is above metro median, with an 82nd percentile standing nationally, based on WDSuites CRE market data.
Household incomes in the immediate area are strong relative to national peers (74th percentile), while neighborhood rent levels track near the middle of the pack locally. That mix supports depth of the tenant base and helps sustain lease retention, with a neighborhood rent-to-income ratio around the lower side of typical levels, which can temper affordability pressure for renters.
Within a 3-mile radius, population and household counts have grown over the past five years, with forecasts calling for additional gains. This points to a larger tenant base and supports occupancy stability for multifamily communities. The renter-occupied share within 3 miles is a meaningful portion of housing units, indicating a viable leasing pool and consistent demand for apartments.
Local livability is anchored by everyday conveniences such as grocery access, though cafes, restaurants, parks, and pharmacies are thinner than urban cores. Average school ratings trend above metro norms (top quartile among 139 metro neighborhoods), a factor that can reinforce family-oriented renter stability.
The assets 2003 vintage is slightly older than the neighborhoods average construction year (2007). Investors should plan for selective capital improvements to remain competitive versus newer stock, while also considering renovation-driven upside where finishes and systems warrant modernization.
Home values in the neighborhood are comparatively accessible versus national benchmarks, which can introduce some competition from ownership options. For multifamily, that typically means focusing on value, convenience, and professional management to maintain pricing power and retention.
Neighborhood safety trends sit around the metro median (crime rank 72 out of 139 metro neighborhoods). Compared with neighborhoods nationwide, safety levels are below average; however, both violent and property offense rates have improved meaningfully year over year, indicating a constructive trend rather than a static risk.
For investors, the key takeaway is directional improvement amid mid-pack metro positioning. Continued monitoring of local crime trends and community initiatives can help support resident retention and leasing.
Regional office employment provides broader economic support to the renter base, with access to corporate services roles within driving distance. The following nearby employer reflects this regional footprint.
- Raymond James financial services offices (35.4 miles)
This 2003, 108-unit community benefits from high neighborhood occupancy and a growing 3-mile renter pool, supporting steady absorption and lease retention. Household incomes test well above national norms while local rents remain comparatively moderate, creating room for consistent performance and measured pricing power, based on CRE market data from WDSuite.
Slightly older vintage relative to nearby stock suggests a practical value-add path: targeted interior updates and common-area refreshes to compete with newer deliveries. Investors should also account for thinner lifestyle amenities in the immediate area and safety that trends around the metro median but is improving year over year.
- High neighborhood occupancy and expanding 3-mile renter base support durable demand
- Income strength versus national peers with moderate rents underpins retention and pricing power
- 2003 vintage offers value-add potential to compete with newer submarket product
- Livability anchored by essentials; limited dining/parks nearby requires amenity-driven on-site strategy
- Risks: relatively accessible ownership market may compete with rentals; safety is mid-pack locally but improving