| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 97th | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1507 Kinney Ave, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1982 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1507 Kinney Ave Austin Multifamily Investment in 78704
Positioned in Austin s urban core, this asset benefits from a high renter concentration and deep amenity access that support steady leasing, according to WDSuite s CRE market data.
The property sits in an A+ urban core neighborhood that ranks 3rd out of 527 Austin-area neighborhoods, making it competitive among Austin neighborhoods and comfortably above the metro median for overall fundamentals. Dense amenities are a defining feature: restaurant density ranks 8th of 527 and pharmacies 4th, while parks and groceries also score near the top of local peers. For investors, this mix underpins resident convenience and helps sustain year-round renter demand.
Renter-occupied share in the neighborhood is elevated (62.4%, 95th percentile nationally), signaling a deep tenant base and supporting occupancy stability through cycles. Median household incomes are high relative to national benchmarks, while median home values are also elevated, a combination that favors multifamily by reinforcing renter reliance on professionally managed housing and supporting pricing power without overextending lease affordability.
Within a 3-mile radius, WDSuite data shows population growth over the past five years with a larger increase in households, pointing to smaller average household sizes and a broader renter pool. Projections indicate additional population and household gains over the next five years, which typically translates into a larger tenant base and sustained leasing depth rather than immediate unit construction.
Vintage matters for underwriting. Built in 1982 versus a neighborhood average around 2000, the asset is older than much of the nearby stock, suggesting investors should plan for targeted capital improvements. The flip side is potential value-add through modernization to stay competitive against newer deliveries while leveraging the submarket s amenity richness and strong renter demand.
Safety indicators are mixed and should be underwritten carefully. The neighborhood s crime standing is below the metro median (ranked 409th of 527 Austin neighborhoods) and sits in lower national safety percentiles overall, indicating comparatively higher reported incidents than many areas nationwide.
Recent trends are nuanced: estimated property offense rates have edged lower year over year, while estimated violent offense rates moved higher. Investors typically address this with practical measures such as lighting, access control, and proactive management policies, calibrated to the property s specific operations and resident profile.
Nearby employers span technology, consumer goods, and insurance, providing diverse job nodes that support renter demand and commute convenience for residents. This includes Whole Foods Market, Oracle Waterfront, New York Life, State Farm Insurance, and Coca-Cola.
- Whole Foods Market grocery HQ (1.45 miles) HQ
- Oracle Waterfront technology offices (2.83 miles)
- New York Life insurance (7.21 miles)
- State Farm Insurance insurance (7.47 miles)
- Coca-Cola consumer beverages (9.03 miles)
1507 Kinney Ave offers exposure to Austin s 78704 urban core where amenity density and a high renter-occupied share underpin durable leasing. According to CRE market data from WDSuite, neighborhood rents, incomes, and ownership costs create a favorable setup for professionally managed rentals, while occupancy at the neighborhood level trends around national norms. The asset s 1982 vintage is older than nearby stock, which points to clear value-add angles through unit and systems upgrades to compete with 2000s-era properties.
Demand drivers are reinforced by 3-mile trends showing population gains, outsized household growth, and projections for further expansion, all of which enlarge the tenant base and support retention. Proximity to major employers broadens leasing appeal across job categories, helping mitigate concentration risk at the property level.
- Urban-core location with top-tier amenity access and strong renter concentration supporting leasing depth
- High-cost ownership market sustains rental demand and pricing power relative to incomes
- 1982 vintage presents value-add potential via modernization to compete with newer stock
- Diverse nearby employers expand the tenant base and bolster retention
- Risks: below-metro-median safety metrics and capex needs; active management and targeted upgrades are key