| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 60th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 117 W William Cannon Dr, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1982 |
| Units | 77 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
117 W William Cannon Dr Austin Multifamily Opportunity
Neighborhood occupancy is firm and rents trend above national benchmarks, supporting durable cash flow potential according to WDSuite’s CRE market data. Positioning near South Austin corridors adds steady renter demand without relying on downtown premiums.
This Inner Suburb location scores a B+ among Austin neighborhoods (ranked 145 of 527), signaling competitive fundamentals at the sub-neighborhood scale. Neighborhood occupancy is strong and sits in the top quintile nationally, while median contract rents are above U.S. norms with five-year growth outpacing many peer areas, based on WDSuite’s commercial real estate analysis.
Daily needs are well covered: grocery and restaurant density rank solidly within the metro, with cafe options comparatively plentiful. Park and childcare access are thinner within the immediate neighborhood, which may modestly limit lifestyle appeal for some renter segments. Average school ratings trend below national norms, a factor investors may weigh when targeting family-oriented product.
Tenure data indicate a meaningful renter-occupied share of housing units in the neighborhood (near half), implying a dependable tenant base for multifamily. Within a 3-mile radius, demographic statistics show households have grown even as average household size has declined, expanding the pool of renting households and supporting occupancy stability. Forward-looking projections in the same 3-mile radius indicate continued household growth alongside rising incomes, which can support rent levels with careful lease management.
Home values in the neighborhood are elevated relative to national norms and the value-to-income ratio is high for the U.S., reinforcing sustained reliance on rental housing. The property’s 1982 vintage is older than the neighborhood’s average construction year, creating potential value-add and systems modernization angles to improve competitive positioning versus newer stock.
Safety indicators should be underwritten conservatively. At the national level, the neighborhood’s reported violent and property offense rates sit in lower percentiles, indicating higher-than-average incident rates compared with many U.S. neighborhoods. However, one-year trend data show declines in both violent and property offenses, suggesting recent improvement momentum according to WDSuite’s CRE market data.
Within the Austin metro, the area’s composite crime rank places it in the mid-to-lower risk band relative to 527 neighborhoods, but conditions can vary by block and asset type. Investors commonly account for this with visibility, lighting, and access-control measures, which can support retention and stabilize operations.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, led by technology, retail headquarters, and insurance services.
- Oracle Waterfront — technology offices (4.96 miles)
- Whole Foods Market — corporate headquarters & retail HQ (5.60 miles) — HQ
- State Farm Insurance — insurance (5.73 miles)
- New York Life — insurance & financial services (11.16 miles)
- Coca-Cola — consumer beverages offices (13.26 miles)
117 W William Cannon Dr benefits from durable neighborhood occupancy, a deep renter pool locally and within 3 miles, and proximity to major South Austin employment nodes. Rents are above national norms with multi-year growth, while elevated ownership costs in the area help sustain multifamily demand and retention. According to CRE market data from WDSuite, the neighborhood’s occupancy stands in the top quintile nationally, supporting underwriting for stable leasing.
Built in 1982, the asset is older than the neighborhood average vintage, pointing to value-add potential through interior upgrades and system modernization to sharpen competitiveness against newer product. Demographic projections within 3 miles indicate expanding households with rising incomes, which can support rent levels and lease trade-outs as units are repositioned. Investors should balance these strengths with prudent assumptions around safety and school ratings.
- Strong neighborhood occupancy and rents above national norms support income stability
- South Austin location near diverse employers underpins steady renter demand
- 1982 vintage offers clear value-add and modernization upside versus newer stock
- Household expansion and rising incomes within 3 miles support rent growth and retention
- Risks: below-average school ratings and safety metrics; requires proactive asset management and security planning