| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 87th | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10307 Morado Cv, Austin, TX, 78759, US |
| Region / Metro | Austin |
| Year of Construction | 1994 |
| Units | 22 |
| Transaction Date | 2008-08-22 |
| Transaction Price | $16,205,000 |
| Buyer | NORTHLAND ARBORETUM LLC |
| Seller | EQR MLTA APARTMENTS LLC |
10307 Morado Cv Austin Multifamily Investment
Neighborhood data points to durable renter demand and high occupancy stability in this inner suburb, according to WDSuite’s CRE market data. With a renter-occupied housing share well above typical levels for the metro, leasing fundamentals are supported by a deep local tenant base rather than a single catalyst.
This Inner Suburb of Austin ranks 6th of 527 metro neighborhoods with an A+ neighborhood rating, signaling strong location fundamentals for multifamily. Dining and daily-needs access are a differentiator: restaurant and grocery density place the area in the top quartile nationally, which helps support resident retention and leasing velocity.
Neighborhood-level housing indicators are constructive for rental demand. Median home values sit in a high-cost ownership context (top decile nationally), which tends to sustain reliance on multifamily. At the same time, the neighborhood rent-to-income ratio reads as manageable for many households, supporting occupancy durability and measured pricing power.
Tenure patterns point to depth in the renter pool: renter-occupied units account for roughly three-quarters of neighborhood housing stock, indicating a wide base of prospects for stabilized assets and value-add plays. Construction patterns skew slightly newer in the submarket, but this property’s 1994 vintage is only modestly older than the neighborhood average, suggesting routine capital planning with selective modernization to remain competitive.
Within a 3-mile radius, population has grown recently and households have expanded at a faster clip, with forecasts calling for further household increases alongside smaller average household sizes. For investors, that combination typically translates to a larger tenant base and steady absorption potential for well-managed assets.
Safety trends should be evaluated carefully. The neighborhood’s crime positioning ranks in the lower tier among 527 Austin metro neighborhoods, and national comparisons place it below average safety percentiles. Investors commonly address this by emphasizing lighting, access control, and resident engagement to support on-site conditions.
Property offenses are elevated relative to many U.S. neighborhoods, and violent offense measures also track below national safety percentiles. Framing this within the broader investment thesis, underwriting should incorporate prudent security measures and partnership with local community resources, while benchmarking incident trends over time rather than any single period.
Nearby corporate offices create a diversified employment base that supports renter demand and commute convenience, including Adobe, Coca-Cola, Airgas, New York Life, Arconic, Dell Technologies, and Whole Foods Market.
- Adobe — software (1.7 miles)
- Coca-Cola — consumer beverages offices (2.0 miles)
- Airgas — industrial gases offices (4.2 miles)
- New York Life — insurance (4.3 miles)
- Arconic — engineered materials (6.9 miles) — HQ
- Dell Technologies — technology (7.5 miles) — HQ
- Whole Foods Market — grocery retail (9.0 miles) — HQ
For a 22-unit asset built in 1994, the investment case centers on steady neighborhood renter demand, strong daily-needs access, and a high-cost ownership environment that underpins multifamily reliance. Neighborhood occupancy is high and renter concentration is substantial, supporting leasing stability and predictable turnover dynamics. Based on commercial real estate analysis from WDSuite, these fundamentals compare favorably with broader metro benchmarks.
The vintage suggests planning for selective systems upgrades and cosmetic refreshes to sharpen competitive positioning versus slightly newer stock. Within a 3-mile radius, recent population growth and a projected increase in households point to a larger tenant base over time, while amenity density (restaurants, groceries, parks, pharmacies) supports retention and operational performance. Risk management should include thoughtful security investments given below-average safety percentiles.
- Strong renter demand: high neighborhood renter-occupied share and solid occupancy support stabilized cash flow
- Location advantage: top-quartile amenity access bolsters leasing velocity and retention
- Ownership cost backdrop: elevated home values sustain reliance on multifamily housing
- Value-add path: 1994 vintage offers scope for targeted capex to enhance NOI
- Risks: below-average safety percentiles and aging systems warrant security and capex in underwriting