| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 87th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1125 Hollow Creek Dr, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1979 |
| Units | 27 |
| Transaction Date | 2007-11-29 |
| Transaction Price | $993,800 |
| Buyer | BARTON COVE APARTMENTS II LLC |
| Seller | BARTON COVE APARTMENTS LTD |
1125 Hollow Creek Dr Austin Multifamily Investment
Neighborhood occupancy is high and renter demand is deep in this inner-suburb pocket of Austin, according to WDSuite’s CRE market data, supporting stable cash flow potential for a 27-unit asset.
Neighborhood and Demand Drivers
Set within Austin’s Inner Suburb fabric, the neighborhood carries an A- rating (81st of 527 metro neighborhoods), indicating competitive fundamentals among Austin submarkets. Neighborhood occupancy is strong (ranked 88 of 527, top quartile in the metro and 95th percentile nationally), which points to durable renter demand and supports leasing stability for small-unit assets.
Tenant profile and unit mix appear aligned: average household size in the neighborhood is small and ranks among the highest nationally for single-person households (99th percentile). With an average unit size near 406 sq. ft., studios and smaller floor plans can target the prevalent one-person and couple households, reinforcing depth of the tenant base.
Livability signals are mixed but investable. School options benchmark above national norms (84th percentile), while grocery access is comparatively strong in the metro (124th of 527) and nationally (77th percentile). By contrast, parks and cafes are limited within the immediate neighborhood footprint, suggesting residents rely more on nearby districts for leisure amenities. These dynamics typically favor properties that emphasize on-site conveniences or walkability to adjacent corridors.
Ownership costs in this area are elevated relative to incomes (home values rank 25th of 527 in the metro and 97th percentile nationally; value-to-income ratio is also in the 97th percentile), which tends to sustain reliance on rental housing and can support pricing power and retention for well-managed assets. The neighborhood’s renter-occupied share is high (about six in ten units; 93rd percentile nationally), signaling a deep, recurring renter pool.
Within a 3-mile radius, demographics indicate a growing renter base: households increased in recent years and are projected to continue expanding, with household sizes trending smaller. Rising median incomes and continued rent growth in the area provide a larger tenant base and support for occupancy stability and disciplined renewal management.
Safety Context
Relative to the Austin metro, the neighborhood’s crime rank sits below the metro median (321st of 527), and national percentiles indicate it is less safe than many areas (violent and property offense percentiles are lower nationally). Investors should account for this in underwriting through security, lighting, and operational oversight.
Recent trends show modest improvement, with property offenses easing year over year and violent offense levels essentially flat. At the metro level, this area is competitive for access and demand, but safety considerations warrant prudent asset management and resident-experience investments.
Employers and Commute Drivers
Proximity to Whole Foods Market, Oracle Waterfront, New York Life, State Farm Insurance, and Coca-Cola supports a diversified white-collar workforce and helps deepen the local renter pool through commute convenience.
- Whole Foods Market — grocery HQ (1.3 miles) — HQ
- Oracle Waterfront — enterprise software offices (3.3 miles)
- New York Life — insurance (6.6 miles)
- State Farm Insurance — insurance (7.5 miles)
- Coca-Cola — consumer beverages (8.6 miles)
Why Invest
1125 Hollow Creek Dr comprises 27 units built in 1979. The vintage suggests potential value-add through modernization and systems upgrades while benefiting from strong neighborhood occupancy and a renter-occupied housing share that is high by national standards. Elevated ownership costs in the area reinforce reliance on multifamily housing, supporting tenant retention and measured pricing power.
Within a 3-mile radius, population and household growth — alongside rising incomes and smaller household sizes — expand the renter pool and support ongoing demand. According to CRE market data from WDSuite, the neighborhood benchmarks in the top quartile of the Austin metro for occupancy, and small-unit layouts align with local demographics, positioning the asset for steady lease-up and renewals with appropriate operations and capital planning.
- High neighborhood occupancy and deep renter base support leasing stability
- 1979 construction offers value-add potential via targeted renovations and efficiency upgrades
- Elevated ownership costs sustain multifamily demand and pricing power potential
- 3-mile demographics show household growth and smaller sizes, aligning with smaller unit mix
- Risk: safety ranks below metro median; underwriting should include security and resident-experience investments