| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 65th | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 410 North St, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
410 North St San Marcos Multifamily Investment
Renter demand is supported by a high neighborhood renter concentration and stable occupancy, according to WDSuite s CRE market data. This concise commercial real estate analysis points to durable leasing fundamentals with value-add potential from a 1974 vintage.
The property sits in an Inner Suburb neighborhood of the Austin-Round Rock-Georgetown metro that is rated A and ranks 53 out of 527 metro neighborhoods competitive among Austin-area locations for multifamily. Neighborhood occupancy is about 95% (neighborhood-level, not property-specific), placing it in the 71st percentile nationally and indicating generally steady leasing conditions, based on CRE market data from WDSuite.
Local livability is a strength: restaurants and cafes are dense (both in the top percentiles nationally), and park access ranks at the very top nationwide. These amenity concentrations help support resident retention and leasing velocity relative to many metro peers. Pharmacy access is limited within the neighborhood, which may modestly affect convenience for some residents.
Tenure patterns favor multifamily demand. Within a 3-mile radius, roughly three-quarters of housing units are renter-occupied, indicating a deep tenant base and supporting occupancy stability for professionally managed assets. At the neighborhood scale, the rent-to-income ratio trends lower than many U.S. neighborhoods, which can aid retention and measured rent growth management.
Demographics aggregated within a 3-mile radius show population and household growth over the last five years, with forecasts pointing to further expansion and smaller average household sizes by 2028. A larger renter pool and rising household incomes, alongside a high-cost ownership market indicated by a value-to-income ratio in the upper national percentiles, reinforce reliance on rental housing and can support pricing power while maintaining lease stability.
Vintage context: the neighborhood s average construction year is 1994 (newer than the subject s 1974 delivery). The older vintage can present capital expenditure needs, but it also creates potential value-add upside through targeted renovations and system upgrades to remain competitive versus newer stock.
Safety signals for the neighborhood are mixed and trend less favorable than many Austin metro peers. The neighborhood s crime rank sits in the lower tier among 527 metro neighborhoods (below the metro median), and national positioning indicates a lower safety percentile compared with neighborhoods nationwide. Property offenses have risen year over year, and violent offense rates remain elevated, so investors should underwrite security measures and operating practices accordingly. All figures reflect neighborhood-level trends, not property-specific conditions.
Regional corporate offices within commuting range help diversify the tenant base and support leasing stability for workforce and professional renters. Notable nearby employers include insurance, technology, and consumer headquarters and offices listed below.
- State Farm Insurance insurance (22.1 miles)
- Oracle Waterfront technology offices (28.1 miles)
- Whole Foods Market corporate offices (28.9 miles) HQ
- New York Life insurance (33.5 miles)
- Cst Brands corporate offices (33.8 miles) HQ
410 North St offers a 20-unit, 1974 vintage asset positioned in a neighborhood with steady renter demand, strong amenity access, and a deep tenant base. Neighborhood occupancy around 95% and high renter concentration within 3 miles point to durable leasing fundamentals. Elevated ownership costs relative to income at the neighborhood scale further sustain reliance on multifamily, supporting retention and measured rent growth. According to CRE market data from WDSuite, amenity density and national top-quartile rankings in several livability factors enhance competitiveness versus many U.S. neighborhoods.
The 1974 construction suggests near- to medium-term capital planning for interiors, building systems, and possible common-area updates. That vintage profile also creates value-add potential to close the gap with newer 1990s-era neighborhood stock. Investors should account for neighborhood safety headwinds in operations and underwriting, balancing them against robust demand drivers and the property s location within a competitive Austin metro sub-market.
- Stable neighborhood occupancy and deep renter base support sustained leasing
- Amenity-rich area with strong national rankings aids retention and leasing velocity
- 1974 vintage enables value-add through renovations and system upgrades
- Ownership costs vs. income favor continued renter reliance, supporting pricing power
- Risk: neighborhood safety metrics are below metro median underwrite security and operating practices