| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 248 Old Osage Rd, Gatesville, TX, 76528, US |
| Region / Metro | Gatesville |
| Year of Construction | 2008 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
248 Old Osage Rd Gatesville Multifamily Investment
Neighborhood occupancy has held above the metro median with a relatively high share of renter-occupied housing, supporting demand stability according to WDSuite s CRE market data. The asset s 2008 vintage positions it competitively versus older local stock while still allowing room for targeted upgrades.
Positioned in Gatesville within the Killeen-Temple, TX metro, the neighborhood carries an A rating and ranks 17 out of 139 metro neighborhoods, indicating it is competitive among Killeen-Temple neighborhoods. Neighborhood occupancy is strong compared with the metro, reinforcing leasing stability for multifamily.
Renter-occupied share is elevated for the area, signaling a deeper tenant base and consistent leasing velocity. Median rents and rent-to-income levels suggest relatively modest affordability pressure, which can aid retention, though it may temper near-term pricing power.
Amenities are moderate overall, with grocery and pharmacy access comparing favorably to national norms, while cafes and dining density are more limited. Average school ratings test in the top quartile nationally, which can support family-oriented demand and longer tenancy horizons. For investors conducting multifamily property research, these neighborhood fundamentals point to stable day-to-day livability that supports occupancy.
The average neighborhood construction year skews older than this asset s 2008 vintage. Newer construction relative to surrounding stock can support competitive positioning and lower near-term capital needs, while still offering value-add potential through modernizations or repositioning as operational strategies evolve.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, with WDSuite s projections calling for further increases and a rising renter share over the next five years. This trajectory implies a larger tenant base and supports occupancy stability as new renters enter the market.
Comparable crime data for this neighborhood is not available in the current feed. Investors typically benchmark against city and metro trends and rely on property management insights and nearby comps to contextualize safety and operational risk. Where data is limited, underwriting often emphasizes on-site measures, lighting and access controls, and resident screening to support retention and asset performance.
Built in 2008 with 76 units and larger average floor plans, the property is relatively newer than much of the surrounding stock, offering competitive positioning and potential operational efficiencies. Neighborhood occupancy runs above the metro median, and a higher renter-occupied share underpins depth of demand. According to commercial real estate analysis from WDSuite, these dynamics support steady leasing and retention while leaving room for selective value-add to capture incremental rent.
Within a 3-mile radius, population and households have expanded and are projected to grow further, pointing to an expanding renter pool. Home values in the wider area remain comparatively accessible, which can limit outsized rent growth but also supports stable rent-to-income levels that reduce turnover risk. Overall, the asset s vintage, unit sizes, and neighborhood fundamentals indicate durable demand with prudent upside through targeted improvements.
- 2008 vintage vs. older local stock supports competitive positioning with manageable near-term capital planning
- Neighborhood occupancy above metro median supports leasing stability per WDSuite data
- Elevated renter-occupied share indicates depth of tenant demand and consistent leasing velocity
- 3-mile population and household growth point to a larger future renter base
- Risk: comparatively accessible ownership options and modest amenity density can moderate pricing power; focus on value-add and management execution