| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 27th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1830 W Rundberg Ln, Austin, TX, 78758, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 112 |
| Transaction Date | 2015-06-18 |
| Transaction Price | $7,575,000 |
| Buyer | ACA LANTANA TRACE LLC |
| Seller | 9315 NORTHGATE LLC |
1830 W Rundberg Ln Austin Multifamily Investment
Stable renter demand in an Urban Core pocket with a high renter-occupied share and grocery/restaurant access suggests durable leasing fundamentals, according to WDSuite’s CRE market data.
Location fundamentals favor rental housing. The neighborhood’s renter-occupied share is high (measured at the neighborhood level), indicating a deep tenant base that supports absorption and renewal activity. Neighborhood occupancy is around 90%, which is competitive for workforce-oriented stock and helps underpin revenue stability for nearby assets.
Amenities skew practical. Grocery access is strong relative to many Austin sub-areas, while restaurants are available within short drives. Cafe, park, and pharmacy density are limited locally, which may temper lifestyle appeal but typically aligns with value-focused renter profiles. Compared with metro peers (527 neighborhoods), amenity positioning is mixed—strong on daily needs, thinner on recreational options.
Vintage context matters. The area’s average construction year is 1977; with a 1972 build, this property is modestly older than nearby stock, suggesting potential value-add via unit renovations, systems upgrades, and curb appeal to enhance competitive positioning against late-1970s and newer assets.
Demand drivers extend beyond the immediate blocks. Within a 3-mile radius, population has been essentially flat while household counts have grown, pointing to smaller household sizes and a broader pool of renters entering the market. Median home values in the neighborhood are elevated versus many U.S. areas, which can sustain reliance on rental housing; at the same time, rent-to-income levels imply some affordability pressure, so operators should emphasize retention and lease management discipline. These dynamics, based on CRE market data from WDSuite, position the neighborhood as a steady, renter-led market rather than a lifestyle premium node.
Safety indicators trail both metro and national norms. The neighborhood’s overall crime rank sits below the metro median among 527 Austin-area neighborhoods, and national percentiles indicate it is less safe than many U.S. neighborhoods. Investors should underwrite security measures and operational protocols accordingly.
That said, recent trends are improving. Both violent and property offense rates have declined year over year, which, while not a guarantee of future conditions, suggests a directional improvement that operators can support through property-level lighting, access control, and community engagement.
Nearby employers provide a diversified employment base and commute convenience that supports renter demand and retention, including Coca-Cola, Airgas, Adobe, New York Life, and Arconic.
- Coca-Cola — beverage (1.1 miles)
- Airgas — industrial gases (1.8 miles)
- Adobe — software (2.1 miles)
- New York Life — insurance (5.2 miles)
- Arconic — metals manufacturing (6.1 miles) — HQ
This 112-unit, 1972 vintage asset aligns with a renter-driven corridor where neighborhood occupancy is near 90% and the renter-occupied share is high. The slightly older vintage relative to nearby stock points to a clear value-add path—modernizing interiors, addressing aging systems, and refreshing exteriors to improve relative standing and support NOI growth. According to CRE market data from WDSuite, daily-needs amenities are accessible, and elevated ownership costs in the area help sustain reliance on multifamily housing.
Within a 3-mile radius, households have increased even as population remained roughly flat, expanding the tenant base through smaller household sizes. Forward-looking indicators point to continued household growth and upward rent pressure locally, which can benefit well-operated, renovated assets. Key underwriting considerations include neighborhood safety below metro averages, measured affordability pressure for renters, and targeted CapEx planning to compete with late-1970s and newer properties.
- High renter concentration supports demand depth and renewal stability
- Value-add upside: 1972 vintage offers renovation and systems upgrade potential
- Practical amenity access (groceries/restaurants) with commuter proximity to major employers
- 3-mile household growth indicates a broader tenant base and supports occupancy
- Risks: below-metro safety metrics and renter affordability pressure require active management