| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 62nd | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2000 Woodward St, Austin, TX, 78741, US |
| Region / Metro | Austin |
| Year of Construction | 2007 |
| Units | 86 |
| Transaction Date | 2006-12-27 |
| Transaction Price | $4,793,800 |
| Buyer | PARKER LANE SENIORS APARTMENTS LP |
| Seller | AUSTIN HOUSING FINANCE CORPORATION |
2000 Woodward St Austin Multifamily Investment Opportunity
Neighborhood occupancy in the mid-90s and a high share of renter-occupied units point to durable leasing fundamentals, according to WDSuite’s CRE market data. Position near core employment corridors further supports demand stability.
Located in an Inner Suburb of Austin, the area surrounding 2000 Woodward St shows renter-driven fundamentals with the neighborhood7s renter-occupied share among the highest in the metro (ranked 44 of 527), indicating a deep tenant base for multifamily. Neighborhood occupancy trends are above the metro median (ranked 262 of 527) and sit in the top quartile nationally, supporting steady cash flow potential for professionally managed assets.
Amenity access is mixed. Grocery options are a relative strength with density in the 92nd percentile nationally and competitive among Austin neighborhoods (ranked 38 of 527). Restaurant concentration is also strong (80th percentile nationally). By contrast, cafes, parks, and pharmacies are limited in close proximity, suggesting residents rely on nearby submarkets for some daily conveniences.
The property7s 2007 construction is newer than the neighborhood7s average vintage (1993). For investors, this typically implies competitive positioning versus older stock and a more targeted capital plan focused on modernization and common-area upgrades rather than full system overhauls, while still budgeting for mid-life building systems.
Within a 3-mile radius, demographics show a large base of adults ages 183 and an increase in total households over the last five years, even as average household size trends smaller. Forward-looking projections indicate continued household growth and rising incomes, which generally supports renter pool expansion and occupancy stability. Elevated home values relative to incomes (81st percentile nationally) characterize a high-cost ownership market that can sustain multifamily demand and reinforce lease retention.
Safety conditions are mixed compared to the Austin metro and national benchmarks. At the metro level, the neighborhood7s overall crime position is below the midpoint (ranked 312 of 527), and its safety standing sits below the national median (35th percentile). For underwriting, this suggests focusing on security features and tenant screening to support retention.
Recent trend indicators are favorable: estimated property offenses declined year over year and violent offenses also moved lower, with both improvements tracking above the national median for rate of change. Investors may view the downward trajectory as constructive, while maintaining prudent operational practices.
Proximity to major employers supports commute convenience and leasing depth for workforce and professional renters, including Oracle Waterfront, Whole Foods Market, State Farm Insurance, New York Life, and Coca-Cola.
- Oracle Waterfront — technology offices (2.17 miles)
- Whole Foods Market — corporate offices (3.65 miles) — HQ
- State Farm Insurance — insurance (8.02 miles)
- New York Life — insurance (9.95 miles)
- Coca-Cola — corporate offices (11.20 miles)
2000 Woodward St is an 86-unit, 2007-vintage asset positioned in an Inner Suburb with a high concentration of renter-occupied housing. Neighborhood occupancy trends are above the metro median and in the top quartile nationally, indicating support for stable performance relative to older submarkets. The newer vintage versus the area7s average (1993) can offer a competitive edge while leaving room for value-add through unit finishes and amenities.
Within a 3-mile radius, household counts have increased and are projected to continue rising alongside higher incomes, while average household size trends smaller—conditions that typically expand the renter pool and aid lease-up and retention. Elevated ownership costs in the area reinforce reliance on multifamily housing, and, according to CRE market data from WDSuite, neighborhood rent levels and rent-to-income positioning suggest manageable affordability pressure that can support pricing power with disciplined lease management. Key risks include uneven amenity coverage (limited parks/cafes/pharmacies nearby) and a safety profile below national medians, though recent declines in offense rates are constructive.
- Above-median neighborhood occupancy and strong renter concentration support demand depth
- 2007 vintage outperforms local average age, enabling targeted value-add vs. full system replacement
- 3-mile household growth and smaller household sizes expand the renter pool
- High-cost ownership context supports lease retention and pricing discipline
- Risks: subpar amenity density in select categories and below-median safety, mitigated by improving offense trends