| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1319 McKie Dr Austin Multifamily Investment
Neighborhood occupancy is strong and renter concentration is high, supporting demand durability according to WDSuite’s CRE market data. Focus is on the neighborhood’s fundamentals rather than the property’s performance.
Located in an inner-suburb pocket of Austin, the neighborhood ranks 495 out of 527 metro neighborhoods, placing it below the metro median overall. Even so, neighborhood occupancy is healthy at 95.6%, which sits in the top quartile nationally, signaling support for lease-up and retention at stabilized assets.
The renter-occupied share of housing units is 70.7% (neighborhood-level), one of the highest concentrations in the metro (ranked 53 of 527). For investors, this indicates a deep tenant base and consistent multifamily demand, though lease management should balance pricing with retention.
Amenity density within the immediate neighborhood is limited beyond restaurants (competitive nationally), with sparse counts for cafes, grocery, parks, and pharmacies. This can modestly affect walkable appeal but often aligns with workforce housing profiles where commute access and value positioning drive leasing.
The average neighborhood construction year is 1990. With a 1983 vintage, this asset is older than nearby stock, pointing to potential value-add through common-area upgrades, unit interiors, and systems modernization; capital planning should account for aging components. Within a 3-mile radius, demographics show flat recent population growth alongside a notable increase in households and families, and forecasts point to additional household growth—expanding the renter pool and supporting occupancy stability. Median contract rents are mid-market for Austin, while a rent-to-income ratio around 0.30 suggests some affordability pressure that warrants careful renewal strategies.
Relative to the Austin metro, the neighborhood’s safety position trends below average (crime rank 367 of 527 neighborhoods). Nationally, it sits in lower safety percentiles, indicating elevated incident rates when compared with many U.S. neighborhoods.
Recent momentum shows mixed signals: estimated property offenses declined by 17.4% over the past year, while violent offenses remain comparatively elevated (low national percentile). For investors, this calls for prudent underwriting on security measures and asset design, while noting the improvement trend in property-related incidents.
- Airgas — corporate offices (3.5 miles)
- Coca-Cola — corporate offices (4.2 miles)
- Adobe — corporate offices (5.3 miles)
- Whole Foods Market — corporate offices (5.5 miles) — HQ
- Oracle Waterfront — corporate offices (6.2 miles)
This 49‑unit, 1983-vintage property sits in a neighborhood with strong renter fundamentals and nationally competitive occupancy. According to CRE market data from WDSuite, neighborhood occupancy is about the top quartile nationally and renter-occupied units are a large share of local housing, indicating a sizable tenant base. The 1983 vintage is older than the area’s average stock, creating clear value‑add angles through interior refreshes and systems updates, with underwriting that reserves for near-term capex.
Within a 3‑mile radius, households have been increasing and are projected to expand further, which supports a larger renter pool and leasing depth. Local amenity density is modest beyond restaurants, and safety metrics trail the metro, so the thesis leans on workforce demand, proximity to major employers, and operational execution to balance pricing power with retention in a rent-to-income environment near 0.30.
- Healthy neighborhood occupancy supports leasing stability and renewals.
- High renter-occupied share signals depth of demand for multifamily units.
- 1983 vintage provides value‑add potential via unit and systems modernization.
- 3‑mile household growth and forecasts expand the prospective renter pool.
- Risks: below-metro safety standing, limited immediate amenities, and affordability pressure require disciplined lease and capex strategy.