| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 97th | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1501 Kinney Ave, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 36 |
| Transaction Date | 2019-05-30 |
| Transaction Price | $5,437,500 |
| Buyer | CSC BARTON RIDGE REALTY LLC |
| Seller | LC BARTON RIDGE REALTY LLC |
1501 Kinney Ave Austin 36-Unit Multifamily
Positioned in Austin s 78704 urban core, the property benefits from steady renter demand supported by strong amenities and a high renter concentration at the neighborhood level, according to WDSuite s CRE market data.
The immediate neighborhood rates A+ and ranks 3rd among 527 Austin neighborhoods, indicating a highly competitive location for multifamily. Amenity access is a clear strength, with restaurants, groceries, parks, and pharmacies concentrated at levels that place the area in the top national percentiles a meaningful driver of leasing velocity and retention for workforce and lifestyle renters alike (per WDSuite s CRE market data).
Renter demand fundamentals are favorable. The share of housing units that are renter-occupied in the neighborhood is high (top quartile nationally), indicating a deep tenant base and helping support occupancy stability over cycles. Meanwhile, neighborhood occupancy ranks in the lower half among 527 Austin neighborhoods, so underwriting should account for competitive positioning and leasing execution to sustain performance.
Within a 3-mile radius, demographics show population growth in recent years and a larger increase in households, with projections calling for additional household gains and smaller average household sizes. For a 36-unit asset with compact floor plans, a smaller-household trend can translate into a broader renter pool and support for sustained absorption.
Ownership costs in the neighborhood are elevated relative to incomes, and neighborhood rents sit in higher national percentiles. For investors, a high-cost ownership market tends to reinforce reliance on multifamily housing and can bolster pricing power, while rent-to-income levels near national midranges suggest manageable affordability pressure to monitor in lease management.
Safety indicators for the neighborhood trend below both Austin metro averages and national benchmarks. Rankings place the area in the lower tiers among 527 Austin neighborhoods, and national percentiles indicate higher-than-typical rates for both property and violent offenses. That said, recent estimates show a modest year-over-year improvement in property offenses. Investors should calibrate security, lighting, and operating practices accordingly and reflect conditions in underwriting assumptions.
- Whole Foods Market corporate offices (1.4 miles) HQ
- Oracle Waterfront corporate offices (2.8 miles)
- New York Life insurance (7.2 miles)
- State Farm Insurance insurance (7.5 miles)
- Coca-Cola corporate offices (9.0 miles)
Proximity to established employers supports commute convenience and leasing durability for renters working in corporate services and technology specifically Whole Foods Market, Oracle Waterfront, New York Life, State Farm Insurance, and Coca-Cola.
1501 Kinney Ave offers exposure to Austin s 78704 urban core with strong amenity density, high neighborhood renter concentration, and a deep professional tenant base tied to nearby employers. Built in 1973, the asset s vintage points to value-add potential and capital planning opportunities to improve competitive positioning against newer stock. According to CRE market data from WDSuite, the neighborhood commands high national percentiles for amenities and income while home values remain elevated factors that tend to sustain multifamily demand.
At the same time, neighborhood occupancy ranks in the lower half locally and safety metrics trail metro and national benchmarks, suggesting the need for disciplined leasing strategies, appropriate security measures, and pragmatic underwriting. Demographics within a 3-mile radius indicate continued household growth and smaller household sizes, which can support demand for compact units and help backfill turnover.
- Urban-core location with top-tier amenities and strong neighborhood renter concentration supporting tenant depth
- 1973 vintage presents value-add and modernization potential to enhance rentability versus newer competition
- 3-mile demographics show household growth and smaller household sizes, reinforcing demand for compact floor plans
- Elevated ownership costs locally can sustain renter reliance and pricing power with careful lease management
- Risks: below-median local occupancy rankings and safety metrics require strong operations, security investments, and conservative underwriting