| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 53rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1005 W Stassney Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 90 |
| Transaction Date | 2013-05-14 |
| Transaction Price | $6,200,000 |
| Buyer | Las Olas Bay (Delavaco Properties) |
| Seller | F&B Ironstone LP |
1005 W Stassney Ln Austin Multifamily Investment
Neighborhood occupancy is high and renter demand is durable in this inner-south Austin location, according to WDSuite’s CRE market data. The address offers proximity to daily needs and jobs, supporting stable leasing performance for a 90-unit asset.
This Inner Suburb neighborhood ranks 87 out of 527 metro neighborhoods and is competitive among Austin neighborhoods, with strong access to daily conveniences. Grocery, parks, and pharmacies score in the top quartile nationally, suggesting resident-friendly fundamentals that help support retention and day-to-day livability.
Renter concentration is elevated at the neighborhood level, with roughly two-thirds of housing units renter-occupied. For multifamily investors, this points to a deep tenant base and steady leasing velocity. Neighborhood occupancy trends are also strong and above metro medians, reinforcing the case for income stability.
Within a 3-mile radius, households have grown while average household size has declined, indicating more, smaller households entering the market. Even with flat-to-slightly lower population counts, this shift typically expands the renter pool and supports occupancy stability. Median contract rents sit above the national midpoint, and, based on commercial real estate analysis from WDSuite, rent growth over the past five years has been solid at the neighborhood level.
Ownership costs are elevated locally relative to incomes, which tends to sustain reliance on rental housing and can support pricing power. School ratings in the immediate area trail regional norms, which is more relevant to family-oriented product, but the amenity mix and job access remain favorable drivers for workforce and young professional demand.
Safety indicators for the neighborhood track below both metro and national averages. Based on WDSuite data, the area sits in the lower tier of safety among 527 Austin metro neighborhoods and below the national median. Property crime levels are comparatively elevated, while violent crime rates also underperform national benchmarks.
Trends show a recent uptick in violent incidents and roughly flat property crime year over year. For underwriting, investors often account for enhanced lighting, access control, and security measures, as well as potential insurance and operating cost implications, when evaluating assets in similar locations.
The property benefits from proximity to major employers that underpin a broad renter base and commute convenience, including tech, insurance, and consumer goods offices noted below.
- Oracle Waterfront — technology offices (4.5 miles)
- Whole Foods Market — corporate offices (4.7 miles) — HQ
- State Farm Insurance — insurance (5.4 miles)
- New York Life — insurance (10.0 miles)
- Coca-Cola — consumer beverages (12.3 miles)
The investment case centers on durable renter demand, strong neighborhood occupancy, and a deep tenant base supported by elevated renter-occupied housing share. Household growth within a 3-mile radius—paired with smaller household sizes—signals a larger pool of renters and supports leasing stability. Elevated ownership costs relative to incomes in the neighborhood context tend to sustain reliance on multifamily housing. According to CRE market data from WDSuite, neighborhood occupancy remains above metro medians, aligning with stable income performance for well-managed assets.
Key considerations include below-average safety metrics and weaker nearby school ratings, which warrant prudent operating plans and security posture. Overall, the location’s amenity access, employment proximity, and renter concentration provide a solid foundation for long-term cash flow, with upside tied to effective management and product positioning.
- Strong neighborhood occupancy and deep renter base support income stability
- Household growth and shrinking sizes within 3 miles expand the renter pool
- Elevated ownership costs reinforce multifamily demand and pricing power
- Proximity to major employers underpins leasing and retention potential
- Risks: below-average safety and weaker school ratings call for focused operations and security planning