| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 53rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1016 W Stassney Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 122 |
| Transaction Date | 2012-09-26 |
| Transaction Price | $6,625,000 |
| Buyer | RESERVE AUSTIN LLC |
| Seller | 1016 STASSNEY LANE LP |
1016 W Stassney Ln Austin Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable performance in an inner-suburban Austin location.
Located in Austin’s inner suburbs, the neighborhood around 1016 W Stassney Ln earns an A- rating and ranks 87th out of 527 metro neighborhoods. Renter-occupied housing is prevalent, with the neighborhood’s renter concentration above metro medians (ranked 75 of 527), signaling a sizable tenant base for multifamily assets and depth for leasing.
Occupancy in the neighborhood is above the metro median (ranked 150 of 527) and sits in the top quartile nationally, a backdrop that can support rent collections and renewal stability. Within a 3-mile radius, households have expanded even as total population edged lower, indicating smaller households and a broader count of renting decision-makers — a pattern that typically supports resilient multifamily demand.
Daily-needs access is a strength: grocery and pharmacy density ranks among the best in the metro (both within the top 10 of 527), and parks and restaurants are also competitive. Cafés are thinner locally, but overall amenity access scores above most Austin neighborhoods and sits in the upper national percentiles, which is constructive for retention.
Home values in the neighborhood are elevated relative to incomes (high value-to-income ratio and upper national percentiles). In practice, that points to a high-cost ownership market that tends to sustain reliance on rentals, supporting pricing power and lease-up velocity for well-positioned multifamily properties.
Within a 3-mile radius, median incomes have risen and are projected to continue increasing, while households are projected to grow further through 2028. Combined with a renter share above 60% within that radius, these dynamics suggest a larger tenant base and support for occupancy stability over the medium term, based on commercial real estate analysis from WDSuite.
Relative to 527 Austin metro neighborhoods, this area ranks toward the higher-crime end (crime rank 425 of 527). Compared nationally, safety percentiles are on the lower side, indicating conditions that warrant prudent property management and resident-experience measures.
Recent trends are mixed: estimated property offenses have eased modestly year over year, while estimated violent offenses have increased. Investors should underwrite for appropriate security features, lighting, and partnership with local resources, and compare performance against competitive Austin neighborhoods rather than block-level assumptions.
Proximity to established employers supports a broad commuter tenant base and helps retention. Nearby corporate offices include Oracle Waterfront, Whole Foods Market, State Farm Insurance, New York Life, and Coca-Cola.
- Oracle Waterfront — technology offices (4.5 miles)
- Whole Foods Market — grocery HQ & corporate (4.6 miles) — HQ
- State Farm Insurance — insurance offices (5.4 miles)
- New York Life — financial services offices (9.9 miles)
- Coca-Cola — consumer goods offices (12.2 miles)
This 122-unit multifamily asset sits in a renter-heavy, inner-suburban Austin neighborhood where occupancy trends are above the metro median and in the top quartile nationally. Within a 3-mile radius, households have grown even as population edged down, pointing to smaller household sizes and a wider pool of renters — supportive of leasing velocity and renewal stability. Elevated ownership costs in the neighborhood reinforce reliance on rentals, while nearby employment hubs deepen the commuter base. These dynamics align with commercial real estate analysis indicating resilient demand in South Austin.
According to CRE market data from WDSuite, the neighborhood posts strong daily-needs access (groceries, pharmacies, parks, restaurants) and a high renter concentration, which together underpin demand. Offsetting factors include lower school ratings and crime levels that sit below national safety benchmarks, suggesting the need for active asset management and targeted resident services.
- Above-median neighborhood occupancy and top-quartile national standing support collections and renewals
- High-cost ownership market sustains renter reliance and pricing power for well-positioned units
- 3-mile radius shows household growth and rising incomes, expanding the tenant base over time
- Strong access to daily needs (groceries, pharmacies, parks, restaurants) supports retention
- Risks: lower school ratings, below-average safety percentiles — plan for security, community engagement, and leasing strategies