| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 45th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3704 E Main St, Gatesville, TX, 76528, US |
| Region / Metro | Gatesville |
| Year of Construction | 1986 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3704 E Main St, Gatesville TX Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy resilience, according to WDSuite s CRE market data, with renter concentration near half of housing units in the immediate area. Positioned along E Main St, the asset benefits from accessible neighborhood services that support day-to-day living and leasing stability.
Livability indicators around 3704 E Main St point to everyday convenience and stable renting patterns. Neighborhood occupancy trends are above the metro median among Killeen-Temple c TX neighborhoods, supporting income consistency for multifamily operations. The share of renter-occupied housing units in the neighborhood is just under half, indicating a meaningful tenant base without overreliance on transient demand.
Amenities are competitive among Killeen-Temple neighborhoods (139 total), with grocery and pharmacy access ranking in the stronger cohort locally and parks coverage providing recreational support. Restaurant density also performs competitively in the metro context, while cafés are limited c which is typical for smaller Texas markets. Average school ratings in the neighborhood are in the top quartile nationally, which can help bolster family-driven renting and longer lease tenure.
The asset c built in 1986, is newer than the neighborhood daverage vintage (1976). For investors, this generally means a more competitive baseline versus older stock, while still planning for selective capital projects as systems age or for light modernization to support rent positioning.
Demographic statistics aggregated within a 3-mile radius show recent softness in population but a projected increase in both population and households through 2028, pointing to a larger tenant base over time. Median contract rents in the neighborhood sit at the lower end of the metro distribution, which can support occupancy and retention, though it may temper near-term pricing power. Elevated ownership costs are not the primary feature here; instead, relatively accessible home values suggest some competition from entry-level ownership, making product differentiation and unit renovations useful levers for sustained leasing.
Neighborhood-level crime data are not available in WDSuite for this location. Investors typically compare local trends with broader Killeen-Temple benchmarks and engage standard diligence c such as reviewing recent police reports and property-level incident logs, to contextualize safety alongside operations and retention.
This 34-unit asset (1986 vintage) in Gatesville benefits from neighborhood occupancy that trends above the metro median and a renter concentration near half of local housing units, supporting a stable tenant base. Based on CRE market data from WDSuite, local amenities are competitive for a smaller Texas market and school quality tests well nationally, aiding family-oriented demand and lease retention.
Forward-looking demographics aggregated within a 3-mile radius indicate projected growth in population and households by 2028, suggesting a gradually expanding renter pool. At the same time, relatively accessible ownership costs and modest neighborhood rent levels point to solid occupancy with measured pricing power, making selective renovations and operational execution the primary avenues for value creation rather than aggressive rent increases.
- Neighborhood occupancy trends above metro median support income durability
- 1986 vintage offers competitive positioning vs. older stock with targeted capex
- 3-mile projections point to renter pool expansion, aiding leasing stability
- Competitive local amenities and strong school ratings support retention
- Risk: accessible ownership and modest rents may limit pricing power; returns hinge on renovation and operations