| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 40th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 712 Constitution Ct, Copperas Cove, TX, 76522, US |
| Region / Metro | Copperas Cove |
| Year of Construction | 2011 |
| Units | 108 |
| Transaction Date | 2010-05-27 |
| Transaction Price | $5,000,000 |
| Buyer | CONSTITUTION COURT LTD |
| Seller | COPPERAS COVE ECONOMIC DEVELOPMENT CORP |
712 Constitution Ct Copperas Cove Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied housing and family-oriented layouts, while lease management remains important given local affordability pressures, according to WDSuites CRE market data.
712 Constitution Ct sits in an inner-suburb location of Copperas Cove with family-serving fundamentals: average school ratings trend above many peer areas (neighborhood average around mid-3s out of 5) and basic retail like groceries and pharmacies are present, though lifestyle amenities are thinner. Compared with the Killeen-Temple metro overall, the neighborhood rates A- and is competitive among 139 metro neighborhoods on several housing metrics, based on CRE market data from WDSuite.
Multifamily demand is underpinned by tenure: the neighborhood shows a high share of renter-occupied housing units (roughly seven in ten), indicating depth in the tenant base. Within a 3-mile radius, demographics show recent population growth alongside a rising household count, which points to a larger renter pool over time and supports occupancy stability for well-positioned assets.
Rent levels in the neighborhood sit above many national peers while neighborhood rent-to-income ratios signal some affordability pressure. For investors, that means pricing power can be maintained with careful renewal strategies and unit-level differentiation, but attention to concessions and income verification remains prudent.
The submarkets occupancy rate has improved over the last five years yet remains below typical metro levels, suggesting leasing velocity favors properties with clear value propositions. Given the propertys larger average unit sizes (about 1,274 square feet), positioning for households seeking space can help capture demand even as amenity density (cafes and parks) is limited locally.
Vintage also matters: neighborhood construction skews relatively new, and this assets 2011 completion is slightly older than the areas average. That creates a manageable mid-life capital plan opportunitytargeted system refresh, curb appeal updates, and interior finishesto remain competitive against the newer cohort while leveraging modern bones.
Safety trends compare favorably versus many U.S. neighborhoods. The area falls in the top quartile nationally for lower estimated crime, and it ranks 27th out of 139 Killeen-Temple neighborhoods, indicating competitive standing within the metro rather than block-level assurance.
According to WDSuites CRE market data, both violent and property offense estimates have moved downward year over year, a constructive signal for renter retention and leasing confidence. Investors should still underwrite standard security measures and management practices, but the directional trend supports long-term stability.
Regional employment anchors within commuting range contribute to the renter base, particularly for residents willing to trade longer drives for larger floor plans. Nearby employers include Raymond James and Farmers Insurance offices.
- Raymond James financial services offices (34.7 miles)
- Farmers Insurance Doug Gaul insurance agency (43.7 miles)
The investment case centers on durable renter demand, larger floor plans, and a 2011 vintage that can be competitively refreshed against newer nearby stock. Within a 3-mile radius, population and household growth point to a larger tenant base over time, while the neighborhoods high renter-occupied share indicates depth for lease-up and renewals. Neighborhood occupancy has improved but remains below metro norms, so assets that pair value-oriented positioning with select upgrades should outperform. According to CRE market data from WDSuite, rent-to-income levels suggest measured affordability pressuresupporting disciplined renewal strategies rather than aggressive across-the-board increases.
Execution focus: prioritize mid-life capital items (exteriors, common areas, unit interiors) to differentiate versus newer deliveries; market the propertys ample unit sizes for household renters; and employ targeted concessions to sustain occupancy without eroding headline rents.
- 2011 construction with modernization upside to compete against newer neighborhood stock
- Larger average unit sizes support family and roommate demand, aiding retention
- 3-mile radius growth in population and households expands the renter pool over time
- Risk: neighborhood occupancy remains below metro levelsrequires active leasing and selective concessions
- Risk: rent-to-income pressure calls for careful renewal management and income screening