1001 S Guadalupe St, Lockhart TX Multifamily Investment

This suburban Lockhart location sits within the Austin-Round Rock-Georgetown metro and offers a straightforward workforce tenant profile. Neighborhood occupancy is measured at the neighborhood level rather than the property; current readings trail the metro average, but a growing 3-mile renter base helps support leasing and renewals.

Amenities are limited inside the immediate neighborhood (few parks, groceries, or pharmacies per square mile), yet cafe density performs competitively within the metro — the cafe count ranks in the top quartile among 527 Austin-area neighborhoods and sits above the national median. For investors, this mix implies car-oriented living with selective local conveniences rather than a full-service retail node.

Within a 3-mile radius, households have increased in recent years and are projected to rise further alongside a decline in average household size. This combination generally points to a larger tenant base and more renters entering the market, supporting occupancy stability and lease-up velocity for multifamily. Income levels have also advanced, and median contract rents in the neighborhood remain mid-range, which helps manage affordability pressure and can aid retention.

Ownership costs in the broader neighborhood sit on the higher side relative to local incomes (value-to-income ranks in a higher national percentile), a dynamic that often sustains reliance on rental housing. School scores in the area are below national averages, which can temper demand from family renters; however, that effect is often offset in workforce-oriented assets by pricing and commute considerations. Overall neighborhood quality is mid-pack within the metro (C rating), positioning the asset as a practical, needs-based option rather than a lifestyle play for the Austin market.