| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 52nd | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 West Ave, Austin, TX, 78701, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 West Ave Austin Urban Core Multifamily
Positioned in Austin s Urban Core, this 30-unit asset benefits from a deep renter base and strong amenity access, while elevated ownership costs in the area support sustained multifamily demand according to WDSuite s CRE market data.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Austin neighborhoods (ranked 141 of 527). Daily convenience is a strength: restaurant density ranks in the top tier nationally and grocery access scores in the upper percentiles, with parks availability also testing well above national medians. For families, the neighborhood s average school rating performs at the top of metro comparisons and is nationally strong.
Renter concentration is high at the neighborhood level, with a large share of housing units renter-occupied. This depth of the tenant base supports leasing velocity and renewal opportunities, though the neighborhood s overall occupancy rate remains below metro norms despite improving over the past five years. Investors should underwrite more active lease management rather than assuming full stabilization.
Demographic statistics aggregated within a 3-mile radius show population and household growth in recent years, with forecasts calling for continued increases in both population and households. A growing, predominantly 18 34 cohort and rising household incomes expand the potential renter pool, which can support occupancy stability and absorption for well-positioned units.
Home values in the immediate area are elevated relative to incomes (high value-to-income readings), reinforcing renter reliance on multifamily housing and aiding pricing power when product quality and location fundamentals are aligned. Construction year averages in the neighborhood skew newer than this asset; at a 1973 vintage, investors should plan for targeted capital improvements and potential value-add to remain competitive. These dynamics align with measured, data-based commercial real estate analysis from WDSuite rather than hype-driven narratives.
Safety indicators for the neighborhood trail metro and national benchmarks. Based on ranks within the Austin-Round Rock-Georgetown metro, the neighborhood s overall crime rank is 441 out of 527, indicating below-average safety relative to peer neighborhoods in the region. Nationally, the area sits in lower safety percentiles, reflecting comparatively higher reported incidents.
Both property and violent offense measures sit well below national safety percentiles, with recent year-over-year readings indicating a modest uptick. Investors typically address this profile through standard risk mitigations such as lighting, access control, and resident engagement, and should underwrite corresponding operating practices rather than assume block-level conditions.
Proximity to major employers underpins workforce demand and commute convenience, with a mix of technology, software, and corporate services represented by Whole Foods Market, Oracle, New York Life, Adobe, and Dell Technologies.
- Whole Foods Market grocery HQ (0.7 miles) HQ
- Oracle Waterfront technology campus (3.0 miles)
- New York Life insurance offices (6.0 miles)
- Adobe software offices (8.4 miles)
- Dell Technologies technology HQ (14.8 miles)
This 1973, 30-unit asset offers a value-add angle in Austin s Urban Core, where renter concentration is high and ownership costs are elevated, reinforcing reliance on rental housing. Neighborhood amenity density (dining, groceries, parks) is a clear advantage, and within a 3-mile radius, population and household growth expand the tenant base. According to CRE market data from WDSuite, the neighborhood s occupancy has improved over five years but remains below metro norms, suggesting hands-on leasing and retention strategies can capture demand without assuming full stabilization out of the gate.
The vintage invites targeted renovations and systems upgrades to enhance competitiveness versus newer stock, while proximity to diverse employers supports weekday leasing and renewal prospects. High value-to-income readings imply that owning remains costly relative to incomes, which can sustain multifamily demand when units are well-maintained and appropriately positioned.
- Urban Core location with top-tier amenity access and strong school ratings supports renter appeal.
- High renter-occupied share signals depth of tenant demand for multifamily units.
- 1973 vintage provides value-add potential through targeted renovations and capital planning.
- Elevated ownership costs bolster rental reliance, aiding pricing power for competitive product.
- Risk: Neighborhood occupancy lags metro norms and safety metrics trail regional averages, requiring active leasing and property management.