| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 88th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Southport Dr, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1986 |
| Units | 49 |
| Transaction Date | 1997-11-26 |
| Transaction Price | $1,275,000 |
| Buyer | THE SOUTHPORT GRS GROUP LLC |
| Seller | ELDAHMY DR ADEL |
1300 Southport Dr Austin 49-Unit Multifamily Investment
High renter concentration and daily-needs amenities nearby support steady tenant demand, while neighborhood occupancy trends are moderate relative to the Austin metro, according to WDSuite s CRE market data.
Situated in Austin s Urban Core, the property benefits from an A+ neighborhood rating and ranks 17th among 527 metro neighborhoods (top quartile), signaling strong overall fundamentals. Daily-needs access is a clear strength: grocery, park, and pharmacy availability sit in higher national percentiles, though cafe density is limited immediately nearby.
For investors assessing demand depth, the neighborhood shows a high share of renter-occupied housing units, indicating a broad tenant base and potential for stable leasing. Neighborhood median contract rents are on the higher side compared with national norms, which can support pricing power when product is positioned correctly. A measured approach to concessions and renewals remains prudent given that neighborhood occupancy tracks around the middle of national performance.
Within a 3-mile radius, households have expanded in recent years and are projected to increase further, while average household size trends smaller. These dynamics can bolster demand for smaller-format units and support occupancy stability. Elevated home values relative to national benchmarks indicate a high-cost ownership market that tends to sustain reliance on multifamily rentals, an insight supported by commercial real estate analysis from WDSuite.
Safety indicators are mixed in comparison with national norms. Overall crime levels trend below national medians, and within the metro the neighborhood performs below average, so investors typically underwrite for practical measures such as lighting, access control, and proactive management.
Recent signals diverge: estimated property offenses have declined year over year, while violent offense estimates have moved higher. These are neighborhood-level metrics rather than property-specific figures and are best addressed through operating practices and coordination with local resources.
A cluster of nearby corporate offices supports a white-collar employment base and commutable access that can aid renter demand, retention, and leasing stability. The list below reflects the most proximate employment nodes investors often track for this submarket: Whole Foods Market, Oracle Waterfront, State Farm Insurance, New York Life, and Coca-Cola.
- Whole Foods Market grocery retail (2.9 miles) HQ
- Oracle Waterfront technology offices (3.3 miles)
- State Farm Insurance insurance (6.4 miles)
- New York Life insurance (8.5 miles)
- Coca-Cola beverage (10.6 miles)
This Urban Core location pairs a top-quartile neighborhood rank within the Austin metro with a high share of renter-occupied housing, reinforcing depth of the tenant base. Neighborhood median rents trend higher than national norms, which can support revenue if the asset is positioned and managed effectively. Within a 3-mile radius, household growth and smaller average household sizes suggest ongoing renter pool expansion, a backdrop that supports occupancy stability and renewals.
Elevated ownership costs locally tend to sustain reliance on multifamily housing, and strong daily-needs access enhances livability for residents. According to CRE market data from WDSuite, neighborhood occupancy sits around the national middle, so prudent underwriting should balance rent aspirations with measured renewals, targeted upgrades, and attention to management execution.
- Top-quartile neighborhood fundamentals in the Austin metro support long-term demand
- High renter-occupied share indicates a deep tenant base for leasing and renewals
- Household growth and smaller average household sizes within 3 miles support occupancy stability
- Elevated ownership costs in the area reinforce reliance on rental housing and pricing power
- Risk: neighborhood occupancy is moderate, requiring disciplined operations and targeted upgrades