| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 89th | Best |
| Amenities | 30th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11607 Sierra Nevada, Austin, TX, 78759, US |
| Region / Metro | Austin |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11607 Sierra Nevada, Austin — 24-Unit Multifamily in Inner Suburb
Renter-occupied concentration and steady neighborhood occupancy point to durable demand drivers, according to CRE market data from WDSuite’s Austin metro coverage.
This Inner Suburb location combines everyday convenience with established housing demand. Neighborhood occupancy is competitive at the national level (around the 71st percentile), and the area ranks 129 out of 527 Austin neighborhoods overall, placing it above the metro median for livability and investment fundamentals based on WDSuite’s benchmarks.
Essentials are close at hand: grocery access scores in the top quartile nationally (85th percentile), and park availability is also top quartile (95th percentile). By contrast, the neighborhood’s cafe and restaurant density is thin (both ranked 527 of 527 in the metro), which may temper walk-to-dining appeal but does not typically impede leasing in car-oriented inner suburbs.
The median construction year in the neighborhood is 1989 (ranked 375 of 527). With a 1980 vintage, the property is slightly older than local stock, suggesting investors should underwrite ongoing capital programs and potential value-add upgrades to remain competitive with newer alternatives.
Tenure patterns indicate a deep renter base: approximately 77.6% of housing units in the neighborhood are renter-occupied (ranked 27 of 527; 99th percentile nationally). For multifamily operators, this typically supports a larger tenant pool and leasing velocity. Within a 3-mile radius, population and households have expanded over the last five years (households up ~14%), and projections call for further household growth alongside smaller average household size, implying more, smaller households entering the renter pool and supporting occupancy stability.
Home values in the neighborhood are elevated relative to national norms (92nd percentile for value-to-income ratio), which tends to reinforce reliance on rental housing and can support pricing power, while the neighborhood’s rent-to-income ratio sits near the national mid-range—helpful for retention and lease management.
Safety indicators are mixed compared to regional and national benchmarks. The neighborhood’s crime rank is 202 out of 527 within the Austin metro, indicating higher reported crime than many peer neighborhoods. Nationally, overall safety performance sits below the median (around the 45th percentile), though property offenses have declined sharply year over year (a top-decile improvement nationally). Violent offense rates are less favorable (around the 32nd percentile nationally) with a recent uptick, so investors should incorporate standard security measures and operating practices into underwriting and asset plans.
Nearby corporate offices provide a diverse employment base that supports renter demand and commute convenience, including Adobe, Coca-Cola, Airgas, New York Life, and Dell Technologies.
- Adobe — software (2.3 miles)
- Coca-Cola — beverage distribution (3.1 miles)
- Airgas — industrial gases (5.0 miles)
- New York Life — insurance (5.3 miles)
- Dell Technologies — technology (6.6 miles) — HQ
With 24 units built in 1980, this asset offers scale for professional management and clear value-add angles relative to neighborhood stock. The immediate area posts above-median national occupancy, a very high share of renter-occupied housing, and elevated ownership costs, together signaling a durable tenant base and pricing support. According to CRE market data from WDSuite, neighborhood indicators place the area in the top half of Austin submarkets on overall fundamentals, while 3-mile demographics show household growth and shrinking household sizes—both supportive of sustained multifamily demand.
Investor considerations include prudent capital planning for an older vintage and thoughtful amenity upgrades to compete against newer product. Local dining density is limited and safety readings are mixed; however, strong grocery and park access, proximity to major employers, and a deep renter pool help underpin occupancy and leasing stability over the cycle.
- High renter-occupied share supports a large, stable tenant base
- Above-median national occupancy and strong grocery/park access aid retention
- 1980 vintage provides clear value-add and capex planning opportunities
- Employment proximity (Adobe, Coca-Cola, Dell) supports leasing fundamentals
- Risks: mixed safety metrics and limited dining density warrant operating focus