| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 118 Elm St, Gatesville, TX, 76528, US |
| Region / Metro | Gatesville |
| Year of Construction | 1986 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
118 Elm St, Gatesville TX — 72-Unit Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy resilience, according to WDSuite’s CRE market data. Positioning in Gatesville supports workforce housing needs while offering operational room for value-focused management.
The property sits in an Inner Suburb neighborhood of the Killeen-Temple, TX metro that carries an A neighborhood rating and ranks 17 out of 139 metro neighborhoods — placing it in the top quartile locally for overall balance of livability and housing fundamentals. Occupancy in the neighborhood is competitive among Killeen-Temple neighborhoods (ranked 53 of 139 and above the metro median nationally by percentile), which supports income stability for professionally managed assets.
Daily-needs access is solid for a smaller market: grocery, parks, and pharmacies score in the mid-to-high national percentiles (roughly mid‑60s to 70th), while restaurants are around the national middle and cafes are limited. Average school ratings trend above many U.S. neighborhoods (around the 73rd percentile nationally), a consideration for family-oriented renter retention.
Housing stock and positioning: Built in 1986, the asset is newer than the neighborhood’s typical 1970s vintage, which can enhance competitive standing versus older properties; however, investors should still budget for aging systems and targeted common-area or unit updates to meet today’s renter expectations.
Renter base and demand depth: The neighborhood’s renter-occupied share is just under half of housing units, indicating a meaningful tenant pool and supporting leasing continuity. Within a 3-mile radius, population has inched higher in recent years and is projected to grow further over the next five years, with WDSuite’s multifamily property research indicating a larger renter pool and higher median incomes on the horizon — factors that can aid occupancy and rent trade‑outs if executed carefully.
Affordability context: Local home values are relatively accessible in national terms, which can create some competition with ownership; at the same time, rent-to-income levels are manageable by national standards, helping reduce near-term retention risk and supporting steady lease performance.
Comparable crime metrics for this specific neighborhood are not available in WDSuite at this time. Investors should benchmark property-level security measures and recent trend data from city and county sources, and evaluate how onsite controls (lighting, access, and management presence) align with resident expectations for the submarket.
Major employer proximity data with reliable distances is not available in WDSuite for this address. Investors evaluating commute patterns should review regional employment nodes in the Killeen–Temple corridor and verify drive times to healthcare, government, and service-sector hubs that typically underpin workforce housing demand.
This 72‑unit, 1986‑built asset offers exposure to a stable Inner Suburb location where neighborhood occupancy trends are competitive within the Killeen‑Temple metro and daily‑needs access is solid for a secondary market. The vintage is newer than the area’s typical 1970s stock, suggesting a relative edge on functional layout and curb appeal while leaving room for targeted renovations to lift rents and retention. Based on commercial real estate analysis from WDSuite, renter concentrations and manageable rent-to-income dynamics indicate a tenant base supportive of steady collections under capable management.
Forward-looking 3‑mile demographic indicators show population growth and a projected increase in households, pointing to a larger tenant base over time. Ownership remains comparatively accessible versus national norms, which can compete with renting; however, expected income gains and rent growth in the area suggest well-positioned, updated units can maintain occupancy and achieve prudent rent steps.
- Competitive neighborhood occupancy trends support income stability
- 1986 vintage offers relative edge vs. older stock with value‑add upside
- 3‑mile population and household growth expand the renter pool
- Manageable rent-to-income context aids retention and pricing discipline
- Risk: accessible ownership options may temper rent lift without upgrades