| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 69th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 126 W Alpine Rd, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1980 |
| Units | 68 |
| Transaction Date | 2012-10-01 |
| Transaction Price | $4,300,000 |
| Buyer | Las Olas Bay Properties |
| Seller | Seamless Development Texas |
126 W Alpine Rd Austin Multifamily Investment
Positioned in South Austin’s inner-suburb corridor, this 68-unit property benefits from a deep renter base and proximity to daily-needs retail, according to WDSuite’s CRE market data.
Located south of Downtown in an Inner Suburb, the neighborhood carries an A rating and ranks 71st out of 527 Austin metro neighborhoods, indicating it is competitive among Austin neighborhoods. Grocery and pharmacy access stands out (both near the top of the metro and 99th percentile nationally), supporting convenience-driven leasing. Restaurant density is also strong nationally, while parks and cafés are limited, which may modestly reduce recreation variety.
Neighborhood occupancy is above the national median (about 95%), and renter concentration is high at roughly six in ten housing units renter-occupied. For investors, that points to a sizable tenant base and supports occupancy stability. Median contract rents are in the upper tier nationally, while rent-to-income sits at a moderate level, a combination that can aid renewal performance.
Demographic metrics aggregated within a 3-mile radius show incremental population growth, a 17.4% increase in households over the past five years, and a forecast for a substantial rise in households by 2028 alongside smaller average household size. These trends expand the local renter pool, supporting absorption and lease-up resilience for well-positioned assets.
Median home values sit in the national 91st percentile and the value-to-income ratio is elevated, reflecting a high-cost ownership market. For multifamily, that typically sustains renter reliance on professionally managed housing and can support pricing power when paired with competitive amenities and attentive lease management.
The asset’s 1980 vintage is older than the neighborhood’s average construction year (2003). That age profile suggests potential value-add upside via targeted renovations and systems upgrades to stay competitive versus newer stock.
Safety indicators trend below both metro and national benchmarks. Overall crime ranks 446th of 527 Austin-area neighborhoods, and national percentiles place the area in lower tiers for safety. Property and violent offense rates sit in low national percentiles, and recent-year data indicate an uptick, suggesting owners should plan for security enhancements and active property management in underwriting.
Investors typically address these conditions with lighting, access control, and partnerships with local public-safety resources. Monitoring trajectory and comparing to peer submarkets can help calibrate risk-adjusted returns without overstating block-level precision.
Nearby employers span technology, grocery headquarters, and insurance offices, supporting renter demand through short commutes for a broad workforce tenant base.
- Oracle Waterfront — technology offices (2.6 miles)
- Whole Foods Market — grocery corporate offices (2.9 miles) — HQ
- State Farm Insurance — insurance (7.1 miles)
- New York Life — insurance (8.9 miles)
- Coca-Cola — beverage corporate offices (10.6 miles)
This 68-unit asset at 126 W Alpine Rd offers exposure to a high-demand renter pocket of South Austin with strong daily-needs access and nationally above-median neighborhood occupancy. The 1980 vintage creates a clear value-add path—interior updates and selective systems work can sharpen competitive positioning against 2000s-era stock. According to CRE market data from WDSuite, the neighborhood maintains a deep renter base and upper-tier rent levels while rent-to-income remains moderate, a setup that can support retention and measured rent growth.
Within a 3-mile radius, households grew 17.4% over the past five years and are projected to rise materially by 2028 as average household size declines—signals of renter pool expansion that can underpin absorption and occupancy stability. Elevated ownership costs in the neighborhood reinforce rental demand, especially for well-managed, renovated units.
- Competitive Inner Suburb with above-median neighborhood occupancy supporting stability
- Deep renter base locally and within 3 miles, with households up 17.4% and more growth forecast
- 1980 vintage offers value-add and systems-upgrade upside versus newer 2000s stock
- High-cost ownership market supports multifamily demand and pricing power with prudent lease management
- Risks: below-metro safety rankings and aging building systems require security planning and capex discipline