| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 14th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1817 S Colorado St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 2002 |
| Units | 80 |
| Transaction Date | 2015-07-27 |
| Transaction Price | $101,300 |
| Buyer | CHAPA JAVIER |
| Seller | 2020 RANCH INVESTMENTS LTD |
1817 S Colorado St, Lockhart TX Multifamily Investment
Neighborhood-level occupancy and a relatively high renter-occupied share point to steady tenant demand, according to WDSuite’s CRE market data. These metrics reflect the surrounding neighborhood, not the property itself, and suggest a balanced lease-up environment for well-positioned assets.
Lockhart’s Inner Suburb location offers practical livability drivers for workforce renters. Restaurants and pharmacies are present at levels comparable to many Austin-area neighborhoods, while parks, cafes, and childcare are thinner, which may temper lifestyle appeal but typically aligns with value-focused renter demand.
The neighborhood’s occupancy trends sit modestly above national medians, supporting lease stability without signaling overheating. Renter-occupied housing accounts for a meaningful share of units (measured for the neighborhood), indicating a deeper tenant base and potential for consistent absorption across similar assets.
Relative positioning within the Austin-Round Rock-Georgetown metro is mixed: overall neighborhood performance ranks 475th among 527 metro neighborhoods, while crime safety ranks 126th of 527, which is competitive among Austin neighborhoods. Amenity access is mid-pack (amenity rank 262 of 527), with restaurants stronger than parks, cafes, and childcare. These dynamics point to dependable, value-oriented renter demand rather than premium amenity-driven pricing.
Within a 3-mile radius, demographics show recent population growth alongside a notable increase in households, implying smaller average household size over time. This shift can expand the renter pool and support occupancy stability for well-maintained units. Median home values remain comparatively accessible in regional context, which can introduce some competition from ownership options, but rent-to-income levels suggest room for disciplined pricing without overextending affordability.
Safety indicators are comparatively favorable versus many Austin-area neighborhoods. The area’s crime rank places it 126th of 527 metro neighborhoods, which is competitive among Austin neighborhoods, and national positioning is above the midpoint, indicating relatively supportive conditions for renter retention and operations.
Property-related offenses benchmark well at the national level (top tier nationally), while violent-offense comparisons are also better than average nationwide. That said, recent year-over-year movement in violent incidents points to volatility; investors should monitor local trendlines and employ standard security and asset management practices to preserve leasing stability.
Proximity to major employment nodes in the greater Austin area supports commuter convenience and tenant retention, with a mix of insurance, technology, retail HQ, and professional services represented by State Farm, Oracle, Whole Foods Market, New York Life, and Airgas.
- State Farm Insurance — insurance (26.6 miles)
- Oracle Waterfront — technology offices (26.6 miles)
- Whole Foods Market — retail & corporate services (28.8 miles) — HQ
- New York Life — insurance (35.0 miles)
- Airgas — industrial & distribution offices (35.9 miles)
Built in 2002, this 80-unit asset offers an operational profile suited to value-focused renters in Lockhart’s Inner Suburb setting. The vintage is slightly newer than the neighborhood average, offering competitive positioning versus older stock, while still warranting prudent capital planning for systems and finishes as the asset approaches mid-life. Neighborhood occupancy sits around national medians, and a relatively high share of renter-occupied housing units (measured for the neighborhood) supports a stable tenant base and steady absorption for well-managed properties.
According to CRE market data from WDSuite, the surrounding area benchmarks favorably on safety relative to many metro peers and the nation, and 3-mile demographic trends indicate population growth with a faster increase in households—conditions that can expand the renter pool and support leasing durability. Amenity depth is serviceable but not lifestyle-driven; combined with accessible ownership costs regionally, investors should calibrate rents to retention and affordability to preserve occupancy while pursuing targeted value-add.
- 2002 construction offers competitive positioning versus older stock, with room for targeted modernization
- Neighborhood occupancy near national medians with a solid renter-occupied share supports leasing stability
- 3-mile population and household growth indicate a larger tenant base and sustained demand
- Favorable comparative safety metrics underpin retention, subject to continued monitoring
- Risks: thinner amenity set and accessible ownership options require disciplined pricing and asset management