| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 54th | Fair |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 Craddock Ave, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1974 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 Craddock Ave San Marcos Multifamily Investment
This 56-unit property benefits from strong renter concentration in a university-influenced market where 71% of housing units are renter-occupied within a 3-mile radius. According to WDSuite's CRE market data, the neighborhood ranks in the top quartile among 527 Austin metro neighborhoods for renter density, supporting multifamily demand fundamentals.
This San Marcos neighborhood demonstrates strong rental market fundamentals, with 68.6% of local housing units renter-occupied, ranking 63rd among 527 Austin metro neighborhoods. The area's construction vintage averages 1994, placing it in the 76th percentile nationally for newer housing stock. The subject property, built in 1974, presents potential value-add opportunities through modernization relative to the neighborhood's newer average construction year.
Demographics within a 3-mile radius show a renter-focused population of approximately 34,700, with 56% aged 18-34, reflecting the university town dynamics that support rental demand. Population growth of 7.6% over five years has driven household formation, with forecast projections indicating continued expansion to nearly 42,000 residents by 2028. This demographic profile, combined with 71% renter-occupied housing units within the 3-mile radius, reinforces the depth of the tenant base for multifamily properties.
The neighborhood's home values rank in the 85th percentile nationally at a median of $509,268, creating a high-cost ownership environment that sustains rental demand. With a value-to-income ratio ranking 11th among metro neighborhoods, elevated ownership costs reinforce renter reliance on multifamily housing. Median contract rents of approximately $1,160 within the 3-mile radius provide competitive positioning, though rent-to-income ratios suggest affordability considerations for lease management and tenant retention strategies.
The neighborhood's safety profile ranks 389th among 527 Austin metro neighborhoods, placing it in the 29th percentile nationally for crime metrics. Property offense rates show recent volatility with a 53% increase year-over-year, though violent crime rates remain relatively moderate at 261 incidents per 100,000 residents. Investors should consider these trends in the context of security measures and tenant retention strategies.
While safety metrics indicate areas for improvement compared to metro averages, the university town environment and strong renter concentration suggest ongoing residential activity that can support community engagement and natural surveillance. Property management strategies that emphasize security features and community building may help address safety considerations while maintaining competitive positioning in this rental-focused market.
The San Marcos area benefits from proximity to major Austin-area employers, providing workforce housing opportunities for commuters and supporting rental demand stability through employment diversity.
- State Farm Insurance — insurance services (21.2 miles)
- Oracle Waterfront — technology offices (27.5 miles)
- Whole Foods Market — retail headquarters (28.3 miles) — HQ
- New York Life — financial services (32.6 miles)
- Cst Brands — retail operations (33.7 miles) — HQ
This 56-unit San Marcos property offers exposure to a university-driven rental market with 68.6% renter-occupied housing units, ranking in the top 15% among Austin metro neighborhoods for rental concentration. The 1974 construction year provides value-add renovation opportunities relative to the neighborhood's 1994 average vintage, while demographic projections show continued population growth supporting long-term rental demand. According to CRE market data from WDSuite, the high-cost ownership environment with home values in the 85th percentile nationally reinforces multifamily rental demand fundamentals.
Within a 3-mile radius, the young demographic profile (56% aged 18-34) and forecast household growth of 57% through 2028 indicate expanding renter pool potential. However, investors should consider affordability pressures from rent-to-income ratios and safety metrics that rank below metro averages, requiring strategic property management and potential security enhancements to optimize tenant retention and competitive positioning.
- Strong rental market fundamentals with 68.6% renter-occupied units ranking top 15% metro-wide
- University town demographics support stable rental demand with 56% of population aged 18-34
- Value-add potential through 1974 vintage modernization relative to newer neighborhood stock
- High-cost ownership market (85th percentile home values) reinforces multifamily rental demand
- Risk considerations include below-average safety metrics and affordability pressure requiring strategic management