| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 40th | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 139 Elm St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1985 |
| Units | 30 |
| Transaction Date | 2020-11-30 |
| Transaction Price | $1,070,000 |
| Buyer | GREEN ACRES NATIONAL LLC |
| Seller | LONG JULIA CHRISTINA |
139 Elm St, Lockhart, TX Multifamily Investment
Positioned in a growing Caldwell County pocket with steady neighborhood occupancy, this 30-unit asset benefits from a moderate renter base and accessible rent-to-income dynamics, according to WDSuite’s commercial real estate analysis. Expect demand supported by nearby employment corridors while monitoring local school quality and submarket competition.
Lockhart sits within the Austin-Round Rock-Georgetown metro and shows balanced fundamentals that matter to multifamily investors. Neighborhood occupancy trends sit near the national median with minimal movement over the past five years, suggesting stable leasing conditions rather than volatility. Median rent levels are mid-market, and the neighborhood rent-to-income ratio indicates manageable affordability pressure—factors that can support retention and reduce turnover risk.
Renter concentration in the neighborhood is reported as the share of housing units that are renter-occupied at roughly one-third, pointing to a moderate tenant base for multifamily. Within a 3-mile radius, demographics indicate recent population growth alongside an increase in households and a projected expansion through 2028. The forecast also points to smaller average household sizes, which can translate to a larger pool of renters seeking smaller units and support occupancy stability for well-managed assets.
Day-to-day livability is anchored by above-national-median access to groceries, restaurants, parks, and pharmacies, while café density is limited. Average school ratings in the neighborhood trail national norms, which can influence household location preferences; investors should consider this in positioning and leasing strategies.
The asset’s 1985 vintage is newer than the neighborhood’s average construction year. That relative youth can be a competitive advantage versus older stock, though age-related systems and interiors may still warrant selective upgrades to sustain renter appeal and support pricing power over a hold. These observations are based on CRE market data from WDSuite.
Safety indicators are mixed and should be evaluated in both metro and national context. Nationally, select measures compare above the median for safety, particularly for property incidents, while the most recent year shows a noticeable increase in violent-offense activity. Within the Austin metro, the neighborhood’s crime positioning suggests it is not among the lowest-risk areas, so prudent asset management and resident engagement remain important. Trends should be monitored over time rather than inferred from a single period.
Proximity to major Austin employers supports commuter demand and leasing durability for workforce-oriented housing. Notable nearby corporate offices include State Farm Insurance, Oracle Waterfront, Whole Foods Market, New York Life, and Airgas, providing diverse employment within a reasonable drive.
- State Farm Insurance — insurance services (24.7 miles)
- Oracle Waterfront — enterprise software offices (24.8 miles)
- Whole Foods Market — retail & corporate services (26.9 miles) — HQ
- New York Life — financial services (33.1 miles)
- Airgas — industrial gases & distribution (34.1 miles)
139 Elm St offers investors exposure to a steadily growing Lockhart location with mid-market rents, a moderate share of renter-occupied housing units, and occupancy near national norms. Population and household growth within a 3-mile radius—paired with forecasts calling for additional household expansion and smaller household sizes—suggest a gradually widening renter pool that can underpin leasing stability. According to CRE market data from WDSuite, neighborhood affordability metrics support tenant retention, while access to Austin’s employment nodes strengthens demand fundamentals.
The 1985 vintage is newer than the neighborhood average, providing a relative competitive edge over older product. Targeted capital to modernize systems and finishes can enhance positioning without the cost basis of new construction. Investors should balance these strengths against mixed safety signals and below-average school ratings when underwriting retention, marketing, and operating expenses.
- Stable neighborhood occupancy and mid-market rents support consistent leasing
- Growing 3-mile population and household counts point to renter pool expansion
- 1985 vintage is competitive versus older stock; targeted upgrades can lift appeal
- Commutable access to major Austin employers supports workforce demand
- Risks: mixed safety indicators and lower school ratings may affect retention strategy