| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 89th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2001 S Interstate 35, Austin, TX, 78741, US |
| Region / Metro | Austin |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | 2014-02-24 |
| Transaction Price | $1,593,800 |
| Buyer | BRUGGEMAN RICHARD J |
| Seller | MERNER LAND CO |
2001 S Interstate 35, Austin TX Multifamily Investment
In a high-cost ownership pocket where elevated home values support sustained renter reliance, the neighborhood s renter demand and commuting access stand out, according to WDSuite s CRE market data.
This Inner Suburb location scores well on overall neighborhood quality (A rating), placing in the top quartile among 527 Austin metro neighborhoods. Amenity access is a strength, with dense cafe and park options that rank in the top quartile nationally, while grocery access is solid and pharmacies are relatively limited nearby. For multifamily owners, those amenity dynamics help leasing visibility and retention even as residents may travel a bit farther for certain services.
The property 201980 vintage is slightly newer than the neighborhood s average construction year (1974). Investors should underwrite standard 1980s-system updates and common-area modernization; positioning against older nearby stock can support competitiveness with targeted value-add.
Neighborhood occupancy runs below the metro median, so emphasizing unit quality, amenity access, and professional management will matter for lease-up and renewals. At the same time, a relatively high renter-occupied share at the neighborhood level and a larger renter base within the broader trade area support depth of demand. In the 3-mile radius, data indicate growth in households alongside smaller average household sizes, which tends to widen the pool of apartment seekers and can support occupancy stability.
Ownership costs in this neighborhood are elevated relative to incomes, which typically reinforces reliance on multifamily units and can support pricing power when paired with good operations. Median rents in the neighborhood sit near the upper half of national markets, yet rent-to-income measures indicate manageable affordability pressures compared with many coastal cores. Those signals, based on CRE market data from WDSuite, suggest steady but disciplined rent strategies are appropriate.
Safety conditions are mixed and should be underwritten prudently. Compared with neighborhoods nationwide, recent estimates place violent and property offense rates in lower national percentiles (i.e., less favorable), while the Austin-metro rank sits mid-to-lower tier (270 out of 527 neighborhoods). That positioning calls for thoughtful security measures and resident communication.
Trend-wise, WDSuite data show a notable year-over-year reduction in estimated property offenses, placing the neighborhood in a stronger improvement cohort nationally. Investors can weigh this momentum against current levels, focusing on practical mitigants such as lighting, access control, and community engagement. Always evaluate block-level conditions during due diligence, as crime patterns vary within small geographies.
Proximity to major employers underpins workforce renter demand and commute convenience, with concentration in software, grocery headquarters, and insurance offices reflected below.
- Oracle Waterfront mdash; enterprise software offices (1.1 miles)
- Whole Foods Market mdash; grocery HQ & corporate (2.6 miles) mdash; HQ
- State Farm Insurance mdash; insurance offices (8.6 miles)
- New York Life mdash; insurance offices (9.0 miles)
- Coca-Cola mdash; beverages corporate offices (10.0 miles)
2001 S Interstate 35 offers scale at 60 units in an amenity-rich Austin submarket where high ownership costs and a sizable renter base support multifamily demand. Built in 1980, the asset can compete against older neighborhood stock with targeted unit and systems updates that enhance leasing and renewal outcomes. According to CRE market data from WDSuite, the neighborhood s rent positioning and strong amenity access align with steady demand drivers, though current neighborhood occupancy trends argue for disciplined operations and competitive finishes.
Within a 3-mile radius, modest population growth, a significant increase in households, and smaller projected household sizes point to a broader renter pool over the medium term. Elevated home values in the immediate neighborhood reinforce renter reliance, which can bolster pricing power when paired with quality management. Underwriting should balance these fundamentals with prudent allowances for safety initiatives and marketing to capture share in a competitive leasing environment.
- Amenity-rich Inner Suburb location supports leasing and retention
- 1980 vintage allows value-add through targeted unit and system upgrades
- High ownership costs locally reinforce depth of renter demand
- 3-mile data indicate a growing household base and expanding renter pool
- Risks: below-metro neighborhood occupancy and safety considerations require disciplined operations