| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 54th | Fair |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1224 N Lbj Dr, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1981 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1224 N LBJ Dr San Marcos Multifamily Opportunity
Neighborhood data point to a deep renter base and elevated ownership costs that can sustain rental demand, according to WDSuite’s CRE market data. All occupancy and tenure figures reference the surrounding neighborhood, not this property.
Situated in an Inner Suburb of the Austin–Round Rock–Georgetown metro, the neighborhood shows a high share of renter-occupied housing (68.6%), indicating strong multifamily depth for leasing and retention. By contrast, neighborhood occupancy is below metro norms (ranked 498 of 527), so underwritten performance should emphasize tenant retention and targeted leasing strategies rather than aggressive lease-up assumptions.
Ownership is comparatively expensive locally: neighborhood home values sit in the 85th percentile nationally and the value-to-income ratio is in the 99th percentile. For investors, this high-cost ownership landscape typically supports reliance on rental housing and can help sustain pricing power, particularly for well-maintained, functionally efficient units.
Within a 3-mile radius, demographics skew young and continue to expand: the 18–34 cohort forms a majority today, with the area posting population and household growth over the past five years and further increases projected through 2028. Forecast gains in households alongside smaller average household sizes point to a larger tenant base and incremental demand for smaller formats, supporting occupancy stability for well-located multifamily.
Local conveniences are mixed. Restaurant density is competitive versus national peers, but on-neighborhood counts for groceries, parks, pharmacies, cafes, and childcare are limited. Investors should assume residents access amenities along nearby corridors or adjacent submarkets when positioning the asset.
Safety indicators are weaker than both metro and national benchmarks. The neighborhood’s crime position ranks 389 out of 527 metro neighborhoods, placing it below the metro median, and national percentiles point to a below-average safety profile. Recent WDSuite data also show a year-over-year uptick in property offenses. For underwriting, this argues for proven security measures and resident engagement to support retention.
Regional employment access spans insurance, technology, grocery corporate operations, life insurance, and energy retail — a mix that broadens the renter pool and supports leasing stability for workforce and young-professional households.
- State Farm Insurance — insurance (21.3 miles)
- Oracle Waterfront — cloud/software (27.4 miles)
- Whole Foods Market — grocery corporate (28.2 miles) — HQ
- New York Life — life insurance (32.7 miles)
- Cst Brands — energy retail (34.3 miles) — HQ
1224 N LBJ Dr totals 42 units with an average unit size near 568 square feet and was built in 1981. The vintage is older than the neighborhood average, suggesting potential value-add through interior updates, building systems modernization, and exterior improvements, with capital planning aligned to compete effectively against newer stock. Neighborhood indicators show a high renter-occupied share and elevated ownership costs, both supportive of sustained multifamily demand, while occupancy within the neighborhood trails metro norms and warrants conservative lease-up expectations.
Within a 3-mile radius, population and household growth over the past five years — with additional growth projected — points to a larger tenant base and ongoing renter pool expansion through 2028. According to CRE market data from WDSuite, high value-to-income ratios at the neighborhood level reinforce renter reliance on multifamily housing, providing a backdrop for steady absorption where operations and product quality are competitive.
- High renter concentration and costly ownership support durable multifamily demand
- 1981 vintage offers value-add and systems-upgrade potential to enhance competitiveness
- 3-mile population and household growth expands the tenant base through 2028
- Risk: neighborhood occupancy trails metro norms — plan for measured leasing and strong retention