| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 37th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Linda Dr, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1972 |
| Units | 33 |
| Transaction Date | 2008-12-26 |
| Transaction Price | $818,100 |
| Buyer | HJK SUNDANCE HOLDINGS LLC |
| Seller | ACA SUNDANCE LLC |
400 Linda Dr, San Marcos TX Multifamily Investment
Renter-occupied housing is prevalent in the immediate neighborhood, supporting a stable tenant base even as occupancy trends sit near the metro middle, according to WDSuite’s CRE market data and commercial real estate analysis.
Located in an inner-suburb pocket of San Marcos within the Austin–Round Rock–Georgetown metro, the neighborhood carries a C+ rating and ranks 329 out of 527 metro neighborhoods, indicating mixed but serviceable fundamentals for workforce-oriented multifamily.
Amenity access is stronger than national averages for essentials: grocery, pharmacy, parks, and childcare all index above the 65th national percentile, while restaurant density sits near the 69th percentile; cafe density is limited. These patterns generally support daily convenience for residents without relying on destination retail.
Neighborhood occupancy is around the national middle (49th percentile), but the share of housing units that are renter-occupied is high at the neighborhood level (95th national percentile). For investors, this elevated renter concentration points to deeper multifamily demand and a broader leasing funnel, though it also heightens the importance of property-level differentiation to sustain pricing power.
Within a 3-mile radius, demographics show recent population growth alongside faster household formation and a modest downshift in average household size. Projections indicate further increases in households through 2028, implying a larger tenant base and support for occupancy stability. Median contract rents have risen over the past five years with additional, moderate gains projected, suggesting continued, albeit measured, rent growth potential tied to local incomes.
Home values in the neighborhood are comparatively modest relative to many Austin-metro submarkets. That context can introduce some competition from ownership options, yet the high renter-occupied share and expanding household counts suggest sustained reliance on multifamily housing, with lease retention hinging on affordability and operations.
Safety indicators trail national benchmarks overall, and the neighborhood’s crime rank places it in the lower tier within the metro (ranked 363 out of 527 neighborhoods). Nationally, comparable neighborhoods show stronger safety outcomes, so underwriting should reflect conservative assumptions around security, lighting, and access controls.
Recent trends are mixed: estimated property crime has declined year over year, while violent crime indicators rose over the same period. For investors, this calls for prudent asset management and resident engagement strategies rather than reliance on neighborhood-wide improvements.
- State Farm Insurance — insurance (22.4 miles)
- Oracle Waterfront — technology offices (28.0 miles)
- Whole Foods Market — corporate offices (28.9 miles) — HQ
- New York Life — financial services (33.7 miles)
- Cst Brands — energy & retail fuel (34.6 miles) — HQ
Built in 1972, the property presents classic value-add angles: interior modernization, common-area refresh, and systems planning to strengthen competitive positioning against newer stock. At the neighborhood level, elevated renter concentration and steady household growth within a 3-mile radius support depth of demand and leasing velocity, while median rents have advanced with additional moderate gains projected, according to CRE market data from WDSuite.
Operating outlook is constructive but not without risks. Neighborhood occupancy sits near national mid-range, suggesting stable baseline demand; however, affordability pressure warrants disciplined rent management and amenity-driven differentiation. Safety metrics trail national peers, so underwriting should include targeted security and capex reserves. On the upside, neighborhood NOI per unit performance trends above national norms, reinforcing the case for operational execution to capture outsized returns relative to similarly priced submarkets.
- 1972 vintage with clear value-add and systems-upgrade potential
- High renter-occupied share signals a deep tenant base and supports occupancy stability
- 3-mile household growth and measured rent gains underpin lease-up and retention
- Neighborhood NOI per unit outperforms national norms, supporting operating upside
- Risks: safety ranks below peers and rent-to-income pressures require prudent pricing