| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 14th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1825 S Colorado St, Lockhart, TX, 78644, US |
| Region / Metro | Lockhart |
| Year of Construction | 1998 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1825 S Colorado St Lockhart Multifamily Opportunity
Neighborhood occupancy near the low‑90s and a moderate renter base point to steady leasing conditions for workforce tenants, according to WDSuite’s CRE market data.
Situated in Lockhart within the Austin–Round Rock–Georgetown metro, the neighborhood is characterized as an Inner Suburb with a C- neighborhood rating. Rents and vacancies referenced here reflect neighborhood conditions, not the property; the area’s occupancy is reported around 93%, indicating generally stable absorption for Class B/C assets in comparable suburban settings.
Essential services are accessible with grocery and pharmacy availability around metro norms, while restaurants are relatively present compared with many suburban peers. Café and park density are thinner, so on-site amenities and unit finishes can matter more for tenant retention than in amenity-rich urban districts. Median contract rents in the neighborhood sit near the national mid-range, and a rent-to-income profile around 0.17 suggests affordability supports retention more than outsized pricing power.
Tenure patterns point to a moderate renter concentration: neighborhood renter-occupied share is in the mid‑30% range, and within a 3‑mile radius renter‑occupied housing is roughly 40%. For investors, that indicates a meaningful but not dominant renter pool, with some competition from ownership options.
Within a 3‑mile radius, population has grown in recent years and household counts have expanded faster than population, indicating smaller average household sizes and a broader tenant base for multifamily. Forward-looking data also indicate continued household growth alongside smaller household sizes, which can support occupancy stability and leasing velocity for well-positioned garden assets. These dynamics are based on commercial real estate analysis from WDSuite and reflect neighborhood and 3‑mile conditions rather than property-specific performance.
Safety indicators for the neighborhood are mixed when viewed against metro and national benchmarks. Overall positioning trends around mid‑pack nationally, while violent‑offense measures compare favorably to many neighborhoods nationwide. Property‑offense rates have shown a modest year‑over‑year improvement, suggesting incremental progress rather than a structural shift.
Investors should underwrite standard security and lighting enhancements typical for suburban Central Texas assets and monitor local policing and community initiatives over the hold period. As always, these are neighborhood‑level signals and may not reflect block‑level conditions.
Proximity to Austin’s corporate corridor supports commuter demand, with access to insurance, technology, and retail headquarters that broaden the renter base and help stabilize lease-up and renewals.
- State Farm Insurance — insurance (26.6 miles)
- Oracle Waterfront — technology offices (26.7 miles)
- Whole Foods Market — retail HQ & corporate (28.8 miles) — HQ
- New York Life — insurance (35.0 miles)
- Airgas — industrial gases (35.9 miles)
This 48‑unit 1998 vintage asset sits within a suburban Austin submarket where neighborhood occupancy trends near the low‑90s, supporting steady collections for durable, mid‑market product. The renter pool is meaningful but not dominant, and ownership options remain accessible, which can temper rent growth volatility while supporting renewal retention. According to CRE market data from WDSuite, rent-to-income levels in the area suggest manageable affordability pressure, implying more emphasis on operational execution than outsized pricing power.
Vintage positioning offers practical value‑add angles: late‑1990s construction can benefit from targeted systems modernization and interior refresh to improve competitive standing against early‑2000s stock seen across the metro. Demographic signals within a 3‑mile radius show population and households expanding, with smaller household sizes over time—factors that can widen the renter base and support occupancy stability for renovated units.
- Neighborhood occupancy around the low‑90s supports stable leasing for workforce units.
- Moderate renter concentration provides a viable tenant base with renewal potential.
- 1998 vintage allows targeted value‑add and systems upgrades to lift competitiveness.
- 3‑mile household growth and smaller household sizes expand demand for multifamily.
- Risks: thinner amenity depth and mixed property‑crime signals warrant prudent security and conservative rent growth underwriting.