| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 93rd | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1512 W 13th St, Austin, TX, 78703, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1512 W 13th St Austin Multifamily Opportunity
Neighborhood occupancy is strong and ranks in the top quartile nationally, indicating stable renter demand at the area level, according to WDSuite’s CRE market data.
This Urban Core location in Austin-Round Rock-Georgetown is rated A and performs competitive among 527 Austin metro neighborhoods on several renter-demand drivers. Neighborhood occupancy ranks in the top quartile nationally, and the share of renter-occupied units is above the metro median—both measured for the neighborhood, not the property—supporting a deeper tenant base and steadier leasing.
Daily needs are accessible: park access ranks in the upper tier nationally and grocery presence is above average, while restaurants are moderate. Cafes and pharmacies are thinner locally, so residents rely more on nearby districts—an operating note for leasing positioning rather than a demand concern. Elevated home values (top national percentiles) indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can support pricing power and retention.
Construction in the immediate area skews older than 1974 on average, and this 1984 asset is newer than that benchmark. That positioning can be competitively helpful versus older stock; however, systems are no longer new, so investors should plan for selective modernization or value-add to sustain rent premiums. Demographics aggregated within a 3-mile radius show recent population and household growth, a sizeable working-age cohort, and rising incomes—factors that expand the renter pool and support occupancy stability. These trends align with WDSuite’s multifamily property research.
Income-to-rent dynamics appear manageable for operations: neighborhood rent-to-income ratios track near the national mid-range, while median home values sit in the highest national percentiles. In combination with above-median neighborhood NOI-per-unit performance (nationally), the location offers solid fundamentals with room for asset-level execution to drive returns.
Safety indicators for the neighborhood track around the national middle overall, with performance that is competitive among Austin neighborhoods rather than an outlier. Measured year over year, property offenses have declined materially, placing the improvement pace in the upper tiers nationally. Violent offense levels sit closer to the national mid-range. These figures describe neighborhood conditions, not the property, and should be paired with standard on-site security and management practices.
Proximity to Whole Foods Market HQ, Oracle, New York Life, Coca-Cola, and Airgas supports commuter convenience for professionals, which can aid leasing stability and retention at workforce and premium rent tiers.
- Whole Foods Market — grocer (0.78 miles) — HQ
- Oracle Waterfront — software (3.42 miles)
- New York Life — insurance (5.63 miles)
- Coca-Cola — beverage (7.06 miles)
- Airgas — industrial gases (8.04 miles)
The asset’s 1984 vintage is newer than the neighborhood’s older average stock, offering a more competitive base with potential to capture premiums through targeted upgrades. At the neighborhood level—measured for the area, not the property—occupancy ranks in the top quartile nationally and renter concentration is above the metro median, supporting a deeper tenant base and steadier cash flow. Elevated ownership costs in the area sustain reliance on rentals, while 3-mile demographics point to ongoing population and household growth that expands the renter pool. According to CRE market data from WDSuite, neighborhood NOI-per-unit performance trends above the national midpoint, reinforcing the case for durable operations with value-add upside.
Key considerations include moderating the impact of thinner cafe/pharmacy coverage with amenity programming and maintaining on-site security best practices given mid-range safety metrics. With thoughtful capital planning and asset management, the location fundamentals can support consistent occupancy and pricing power through cycles.
- Top-quartile neighborhood occupancy and above-median renter concentration support demand stability
- 1984 vintage is newer than area average, enabling value-add and modernization strategies
- High-cost ownership market reinforces renter reliance and pricing power potential
- 3-mile population and household growth expand the tenant base and support occupancy
- Risks: mid-range safety metrics and lean cafe/pharmacy coverage call for proactive operations