| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 37th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 520 Linda Dr, San Marcos, TX, 78666, US |
| Region / Metro | San Marcos |
| Year of Construction | 1983 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
520 Linda Dr, San Marcos TX Multifamily Opportunity
Renter-occupied housing is prevalent in the immediate neighborhood and within a 3-mile radius, supporting steady tenant demand and lease-up resilience, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit near metro norms, positioning stabilized assets to compete on operations rather than concessions.
This Inner Suburb location in San Marcos benefits from everyday conveniences: grocery, pharmacy, and park access score above the national median, while restaurant density is competitive for the metro. Cafe density is thinner, but overall amenity access ranks above the metro median among 527 Austin neighborhoods, per WDSuite.
For income performance, neighborhood-level NOI per unit ranks in the top quartile nationally, signaling historically solid operating potential versus peer areas. Neighborhood occupancy is around the national midpoint, suggesting stable baseline demand without outsized vacancy risk in typical cycles.
Tenure patterns point to depth in the renter pool. The neighborhood shows an elevated share of renter-occupied units, and demographics aggregated within a 3-mile radius reflect a renter concentration with a large 18–34 population share and smaller average household size over time—traits that typically support multifamily absorption and retention.
Growth dynamics are constructive: within 3 miles, population and households have expanded in recent years with forecasts indicating further population growth and a sizable increase in households, which can translate into a larger tenant base. Median contract rents have risen historically with further modest gains forecast; paired with a relatively low rent-to-income burden locally, this supports pricing power with measured affordability pressure—key for lease management and renewals. Home values are in a more accessible ownership range for the region, which can introduce some competition with entry-level ownership, but the high renter concentration should continue to underpin multifamily demand. These observations are based on multifamily property research from WDSuite.
Safety indicators for this neighborhood are below national averages, with overall crime sitting below the national median and violent offense metrics weaker relative to many neighborhoods nationwide. Within the Austin metro, the area ranks below the metro median (363rd of 527), indicating it is less competitive on safety than many peer neighborhoods.
Property-related offenses have shown a recent year-over-year improvement, which is a constructive trend for operators monitoring loss exposure and insurance considerations. Investors should underwrite enhanced security, lighting, and operational oversight to support resident satisfaction and protect NOI.
Regional employment access spans insurance, technology, and corporate services, which can support renter demand through commute-linked leasing and retention. Notable employers include State Farm Insurance, Oracle, Whole Foods Market, New York Life, and CST Brands.
- State Farm Insurance — insurance (22.3 miles)
- Oracle Waterfront — technology (27.8 miles)
- Whole Foods Market — grocery (28.8 miles) — HQ
- New York Life — insurance (33.5 miles)
- Cst Brands — convenience retail (34.8 miles) — HQ
520 Linda Dr is a 1983-vintage, 96-unit asset positioned in a renter-heavy pocket of San Marcos where neighborhood occupancy runs near metro norms and amenity access (grocery, pharmacy, parks) is comparatively strong. The vintage suggests planning for periodic system upgrades and selective value-add, which can enhance competitiveness against slightly newer submarket stock. Neighborhood NOI per unit trends rank top quartile nationally, and a large 18–34 cohort within 3 miles points to a durable tenant base supporting occupancy stability.
Home values in the area are relatively accessible for owners, yet the neighborhood and 3-mile area maintain high renter concentrations; together with a relatively low rent-to-income burden, this supports retention and measured rent growth. According to CRE market data from WDSuite, rents have increased historically with incremental gains forecast, while household counts are projected to expand—factors that can reinforce leasing momentum over a multi-year hold.
- Renter-heavy neighborhood and 3-mile area support a deep tenant base and occupancy stability.
- Top-quartile neighborhood NOI per unit signals solid operating potential versus national peers.
- Amenity access (grocery, pharmacy, parks) and regional job reach underpin leasing and retention.
- 1983 vintage presents value-add and capital planning opportunities to sharpen competitive positioning.
- Risks: below-median safety metrics in the metro and modest occupancy softening warrant conservative underwriting and active management.