| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 86th | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1211 W 8th St, Austin, TX, 78703, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 30 |
| Transaction Date | 2025-12-02 |
| Transaction Price | $19,700,000 |
| Buyer | GREYSTONE BRIDGE WATERLOO AUSTIN LLC |
| Seller | FERRETTI DANIEL J |
1211 W 8th St Austin Multifamily Investment
Neighborhood occupancy is in the low 90s and renter concentration is above half, according to WDSuite’s CRE market data, supporting steady tenant demand in this Urban Core pocket. These metrics describe the surrounding neighborhood, not the property itself.
Situated in Austin’s Urban Core, the neighborhood surrounding 1211 W 8th St ranks among the strongest in the metro (A+ rating; 2nd of 527), with amenities that are top-ranked locally and top quartile nationally. Dense restaurant and grocery options, plus parks and daily services, reduce resident friction and can support leasing velocity and retention.
The area’s housing stock averages 2002 construction, while the property’s 1972 vintage is older. For investors, that typically implies capital planning for building systems and common-area updates, but also creates value-add potential to compete against newer stock through targeted renovations.
Neighborhood renter-occupied share is just over half of housing units, indicating a large tenant base for small and mid-size multifamily. Within a 3-mile radius, renter concentration approaches two-thirds, and both population and household counts have expanded in recent years with further household growth projected, pointing to a larger renter pool that supports occupancy stability.
Elevated home values locally place the area in a high-cost ownership market. For multifamily owners, this dynamic often sustains reliance on rentals, aiding pricing power and lease retention, while the neighborhood’s rent-to-income profile suggests manageable affordability pressure relative to local incomes. Average school ratings sit around the national middle, which is neutral for most renter profiles in this urban setting.
Safety conditions vary across Austin’s core. On a relative basis, this neighborhood ranks in the lower half of the metro (430th of 527) and below the national median for safety. Nationally benchmarked indicators place the area below average, so underwriting should incorporate prudent security measures and thoughtful tenant communication.
Recent trends are mixed: property offense estimates show a modest year-over-year decline, while violent offense estimates ticked up. For investors, this argues for conservative assumptions on operating expenses and the potential need for targeted security or lighting investments, while monitoring citywide and neighborhood-level trends over time.
Proximity to major employers anchors weekday demand and short commutes, supporting renter retention. Nearby corporate offices include Whole Foods Market, Oracle Waterfront, New York Life, Coca-Cola, and Airgas.
- Whole Foods Market — grocery retail (0.4 miles) — HQ
- Oracle Waterfront — technology offices (3.1 miles)
- New York Life — insurance (6.1 miles)
- Coca-Cola — beverage offices (7.5 miles)
- Airgas — industrial gases (8.4 miles)
1211 W 8th St sits within one of Austin’s highest-performing Urban Core neighborhoods, where amenity density and high-cost homeownership sustain rental demand. Neighborhood occupancy has held in the low 90s, and a sizable renter base locally—and within a 3-mile radius—supports a deep tenant pool and leasing stability. According to CRE market data from WDSuite, the area’s rent-to-income dynamics and strong income profile suggest room for disciplined revenue management without overextending affordability.
The 1972 vintage is older than the neighborhood average, creating a clear value-add path through unit and system upgrades to compete with 2000s-era stock. Continued population and household growth within 3 miles point to a larger renter pool over time, while the Urban Core location near major employers underpins retention and absorption. Key risks include below-median safety benchmarks and renovation capex requirements, which should be reflected in underwriting and asset management plans.
- Urban Core location with top-ranked amenities supports leasing velocity and retention
- Deep renter base locally and within 3 miles supports occupancy stability
- 1972 vintage offers value-add potential versus newer neighborhood stock
- High-cost ownership market reinforces demand for rentals and pricing power
- Risks: below-median safety benchmarks and capex needs for modernization