| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 65th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1202 E 51st St, Austin, TX, 78723, US |
| Region / Metro | Austin |
| Year of Construction | 1985 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1202 E 51st St Austin Multifamily Investment
Positioned in an inner-suburb pocket of Austin with strong neighborhood amenities and a high renter-occupied base, the asset is supported by steady tenant demand according to WDSuite’s CRE market data. Neighborhood occupancy and rent levels suggest leasing durability with room for value-focused operations.
This inner-suburb location ranks 88 out of 527 Austin metro neighborhoods, placing it competitive among Austin neighborhoods and in the top quartile locally. Amenity access is a clear strength: restaurants and daily needs score in the upper national percentiles, with dining density in the 97th percentile and groceries and pharmacies both high, supporting resident convenience and leasing appeal.
The surrounding neighborhood shows an occupancy level of 89.9% (neighborhood metric), which sits below the metro median based on WDSuite data, but has improved over the past five years. Renter concentration is a major demand signal: 76.6% of housing units are renter-occupied, ranked 34th of 527 in the metro and in the 98th percentile nationally, indicating a deep tenant pool for small and mid-size multifamily.
Within a 3-mile radius, demographics point to a larger tenant base over time. Households have grown at a double-digit pace, and WDSuite projects continued increases in both households and incomes through 2028, which can support occupancy stability and rent performance. Median home values sit in a high-cost ownership market (upper national percentiles), which tends to reinforce reliance on multifamily rentals and can aid lease retention. Rent-to-income levels are moderate for the area, suggesting manageable affordability pressure and potential for sustained renewal rates.
Vintage also matters for competitive positioning. The property’s 1985 construction is newer than the neighborhood average stock from the late 1970s, offering a relative edge versus older comparables while leaving room for targeted capital upgrades to modernize interiors, systems, and amenities where appropriate.
Safety trends should be evaluated with care. Relative to the Austin metro, this neighborhood’s crime ranking sits in the lower half (ranked 436 out of 527), indicating it is below the metro average on safety. Compared with neighborhoods nationwide, national percentiles point to weaker safety positioning overall; however, property offenses have edged down year over year, while violent offenses have risen, underscoring a mixed but closely watched trend.
For investors, this calls for prudent on-site measures (access control, lighting, and resident engagement) and active coordination with local resources. Framing safety at the neighborhood level helps set expectations for leasing strategy and operating practices without making block-level claims.
Proximity to major employers supports commuter convenience and broad renter demand, led by grocery retail headquarters and large corporate offices. The list below reflects nearby anchors likely to influence leasing and retention dynamics in this submarket.
- Whole Foods Market — grocery retail HQ (3.7 miles) — HQ
- Oracle Waterfront — enterprise software offices (4.6 miles)
- Airgas — industrial gases offices (5.1 miles)
- Coca-Cola — beverage distribution offices (5.1 miles)
- New York Life — insurance offices (6.3 miles)
A 27-unit asset built in 1985, this property benefits from a deep renter base and strong neighborhood amenity access, while offering value-add potential versus older area stock. According to CRE market data from WDSuite, the neighborhood shows high renter concentration and improving occupancy over five years, suggesting a stable leasing backdrop as operations focus on retention and selective upgrades. Within a 3-mile radius, household growth and rising incomes point to a larger tenant base and support for rent performance over the medium term.
The ownership landscape skews high-cost, which typically sustains multifamily demand and can aid renewal rates. At the same time, neighborhood safety metrics run below metro averages, and current occupancy sits under the metro median, reinforcing the need for active management, curb appeal, and pragmatic capital planning to capture demand while mitigating risk.
- High renter concentration and strong amenities support durable tenant demand
- 1985 vintage offers competitive positioning vs. older stock with targeted renovation upside
- 3-mile household and income growth indicate a larger tenant base and potential rent resilience
- High-cost ownership market underpins multifamily reliance and renewal potential
- Risks: below-metro safety and sub-median occupancy warrant hands-on operations and security-driven CapEx