| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 22nd | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 McKie Dr, Austin, TX, 78752, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 49 |
| Transaction Date | 2003-05-09 |
| Transaction Price | $1,100,600 |
| Buyer | CURTIS ROBERT L |
| Seller | WILSON ROBERT B |
1319 McKie Dr, Austin TX Multifamily Investment
Stabilized renter demand in this inner-suburb pocket of Austin supports consistent operations, according to WDSuite’s CRE market data. Neighborhood occupancy is solid and renter concentration is high, positioning the asset for steady leasing even as operators watch affordability and amenity trade-offs.
Located in an inner-suburb setting of Austin, the property benefits from a renter-oriented neighborhood profile and metro-scale job access. Neighborhood occupancy is 95.6%, indicating stable demand relative to broader U.S. trends, based on CRE market data from WDSuite.
Renter-occupied share in the neighborhood is 70.7%, signaling a sizable tenant base for multifamily. For investors, this renter concentration typically supports leasing velocity and renewal depth, though it also requires active management of pricing tiers to balance retention and rent growth.
Within a 3-mile radius, households increased by 13.2% over the past five years and are projected to continue expanding, pointing to a larger tenant pool and support for occupancy. Population growth is modest, but the rise in household count and shrinking average household size suggests more households competing for rental options—favorable for sustained absorption.
Neighborhood amenities are mixed: restaurant density is comparatively strong, while grocery, park, cafe, and pharmacy counts within the neighborhood footprint are limited. This dynamic can nudge residents toward nearby corridors for daily needs; operators should highlight transit access or on-site conveniences to offset these amenity gaps in leasing narratives.
Median contract rents in the 3-mile radius have risen over recent years, and home values in the immediate neighborhood sit below many Austin submarkets. For investors, a relatively high rent-to-income ratio implies some affordability pressure—important for lease management—while more accessible ownership costs nearby may create light competition at select price points. These cross-currents underscore the value of precise unit positioning and amenity programming supported by multifamily property research.
Vintage matters: with construction in 1983 versus a neighborhood average vintage near 1990, the asset is older than nearby stock. That profile can support a value-add thesis—targeted renovations and system updates to enhance competitiveness—paired with prudent capital planning.
Safety indicators are mixed compared with Austin metro and national benchmarks. The neighborhood’s crime rank sits in the lower half among 527 metro neighborhoods, placing it below metro median performance. Nationally, the area scores in the lower percentiles for safety, so investors should underwrite to typical urban security measures and emphasize lighting, access controls, and visibility in operations.
Recent trends show nuance: estimated property offenses decreased year over year, which is a constructive signal, while violent offense rates remain elevated versus many U.S. neighborhoods. For underwriting, align security assumptions with recent trend lines and surrounding block conditions rather than single-year snapshots.
Proximity to established employers helps anchor renter demand and commute convenience for workforce and professional tenants. Nearby firms span industrial gases, beverages, software, grocery headquarters, and enterprise software offices—supporting diversified employment draw.
- Airgas — industrial gases (3.5 miles)
- Coca-Cola — beverage bottling/offices (4.2 miles)
- Adobe — software (5.3 miles)
- Whole Foods Market — grocery retail corporate (5.4 miles) — HQ
- Oracle Waterfront — enterprise software campus (6.2 miles)
This 49-unit asset built in 1983 sits in a neighborhood with 95.6% occupancy and a 70.7% renter-occupied housing share—signals of durable leasing fundamentals. Within a 3-mile radius, household growth has been strong and is projected to continue, pointing to a larger renter pool that supports occupancy stability and renewal depth. According to CRE market data from WDSuite, neighborhood rents have trended upward while ownership costs nearby remain comparatively accessible, suggesting operators should balance value positioning with targeted upgrades to preserve pricing power.
The vintage is older than the neighborhood’s average, creating value-add potential via unit renovations, common-area enhancements, and efficiency upgrades to sharpen competitiveness against newer stock. Amenity gaps within the immediate neighborhood and below-median safety metrics warrant prudent underwriting and operational focus on security, marketing of nearby corridors, and measured rent-step strategies to manage affordability pressure.
- Stable demand backdrop: 95.6% neighborhood occupancy with a deep renter base
- Value-add angle: 1983 vintage offers renovation and systems-upgrade upside
- Expanding renter pool: 3-mile household growth supports absorption and renewals
- Pricing strategy: rising rents and rent-to-income signals call for careful lease management
- Risks: amenity gaps and below-median safety metrics require security measures and focused positioning