| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 83rd | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1405 W North Loop Blvd, Austin, TX, 78756, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 39 |
| Transaction Date | 2016-06-29 |
| Transaction Price | $3,464,300 |
| Buyer | BROOKSHIRE VILLAGE LLC |
| Seller | FBZ NORTH LOOP LLC |
1405 W North Loop Blvd Austin Multifamily Investment
Neighborhood occupancy is high and renter demand is deep in this Urban Core pocket of Austin, according to WDSuite’s CRE market data. For investors, the area’s stability supports consistent leasing while allowing selective value-add at the property level.
This A+ rated neighborhood ranks 16th among 527 Austin metro neighborhoods, indicating performance competitive with the metro’s top sub-areas. Amenity access is a clear strength: cafes, restaurants, groceries, and pharmacies all place in high national percentiles, helping support renter retention and day-to-day convenience.
Multifamily fundamentals are favorable. The neighborhood’s occupancy rate is strong and sits in the top quartile nationally, and the share of renter-occupied housing units is elevated (measured for the neighborhood, not the property), signaling a large tenant base and ongoing demand for apartments. Median contract rent levels are above national norms but remain supported by the area’s employment and amenity density.
Within a 3-mile radius, recent population growth and a notable increase in households point to a growing renter pool. Household sizes have trended smaller, which can add depth to demand for smaller floorplans and studios/one-bedrooms, supporting occupancy stability and diversified unit mix strategies.
The property’s 1972 vintage is older than the neighborhood average construction year. That creates straightforward value-add potential through interior refreshes and building system upgrades, while planning for capital expenditures to maintain competitive positioning against newer stock.
Home values in the neighborhood are elevated versus national benchmarks, and the value-to-income ratio sits in a high national percentile. In practice, this high-cost ownership market tends to reinforce reliance on multifamily rentals and can support pricing power and lease retention; however, investors should manage affordability pressure and monitor rent-to-income dynamics over time.
Relative to neighborhoods nationwide, this area benchmarks below average on safety, with national safety percentiles indicating higher reported crime intensity. At the metro level (527 neighborhoods), it is not among the top performers for safety, so underwriting should incorporate prudent assumptions for insurance, security, and operating protocols.
Recent trends are directionally constructive: estimated property offenses declined modestly year over year, and violent offense estimates also eased slightly. While these improvements are encouraging, investors should continue to evaluate building-level measures and stay attuned to citywide policy and enforcement trends rather than relying on block-level conclusions.
Nearby corporate offices provide a diversified employment base that supports weekday traffic and renter demand, with convenient commutes to Whole Foods Market, Coca-Cola, New York Life, Airgas, and Adobe.
- Whole Foods Market — grocery HQ & corporate (3.8 miles) — HQ
- Coca-Cola — beverages corporate offices (3.9 miles)
- New York Life — insurance offices (4.3 miles)
- Airgas — industrial gases offices (4.9 miles)
- Adobe — software offices (5.4 miles)
The investment case centers on durable renter demand in an Urban Core location with strong amenity access and above-median occupancy versus the Austin metro. According to CRE market data from WDSuite, the neighborhood sits in the top quartile nationally for occupancy while maintaining an elevated renter-occupied share, both of which support leasing stability and pricing power.
With a 1972 vintage and average unit sizes suited to one- and two-bedroom layouts, the asset is positioned for targeted value-add to close the competitiveness gap with newer stock. Within a 3-mile radius, population growth and a sizable increase in households indicate a larger tenant base ahead, while high local home values suggest continued reliance on rentals—though operators should manage affordability pressure and monitor safety considerations in underwriting.
- Urban Core location with top-tier amenities driving retention
- Occupancy and renter concentration support stable absorption
- 1972 vintage offers clear value-add and systems-upgrade upside
- 3-mile demand tailwinds from population and household growth
- Risks: below-average national safety metrics and affordability pressure