| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 72nd | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 Davis Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1999 |
| Units | 69 |
| Transaction Date | 1998-06-01 |
| Transaction Price | $625,000 |
| Buyer | COBBLESTONE SENIOR HOUSING LIMITED PARTNERSHI |
| Seller | NATIONAL CHURCH RESIDENCES OF TRAVIS CTY |
2101 Davis Ln, Austin TX — Multifamily Investment Snapshot
Neighborhood occupancy is in the top quartile nationally and ownership costs are elevated for Austin, reinforcing renter demand, according to WDSuite’s CRE market data.
Located in Austin’s Inner Suburb, the neighborhood ranks 97 out of 527 metro neighborhoods (A-), placing it in the top quartile among Austin submarkets for overall livability and investment fundamentals. Occupancy in the neighborhood sits in the top quartile nationally, a constructive signal for income stability and lease retention relative to broader U.S. multifamily benchmarks, based on WDSuite’s CRE market data.
Daily-needs access is a strength: grocery and pharmacy density each score in the mid‑80s to mid‑90s national percentiles, while restaurants sit around the national upper‑quartile. By contrast, parks and cafes are sparse, which may modestly temper lifestyle appeal compared with amenity‑rich urban nodes. For investors, this mix suggests solid day‑to‑day convenience that supports tenant retention, albeit with fewer discretionary amenity draws.
The area’s ownership market is high‑cost relative to national norms (home values in the low‑80s national percentile), which typically sustains reliance on rental housing and supports pricing power when operations are well managed. Rent levels calibrate below ownership costs and the rent‑to‑income profile indicates relatively manageable affordability pressure, a constructive backdrop for lease renewals and occupancy stability.
Tenure dynamics point to a deep renter base: approximately two‑fifths of neighborhood housing units are renter‑occupied (above the national median), and within a 3‑mile radius, household counts have grown meaningfully in recent years with forecasts calling for additional household growth and smaller average household sizes. Together, these trends imply a larger tenant base over time and potential support for absorption.
Vintage is slightly newer than the neighborhood average: the property was built in 1999 versus an area average around the mid‑1990s. That positioning can help competitiveness against older stock, though investors should still underwrite typical modernization or system refresh needs when planning capital.
Safety indicators for the neighborhood trend below national norms, with crime measures in lower national percentiles compared to U.S. neighborhoods. Within the metro, the area ranks 426 out of 527 neighborhoods, indicating higher reported crime relative to many Austin locations.
Recent data also point to a year‑over‑year uptick in both property and violent offenses. For investors, this calls for prudent assumptions around security, lighting, and operating practices. It does not preclude performance, but underwriting should reflect location‑specific risk management and potential impacts on marketing and retention.
Nearby corporate offices provide a diversified employment base that supports commuting convenience and renter demand, including State Farm Insurance, Oracle Waterfront, Whole Foods Market, New York Life, and Coca-Cola.
- State Farm Insurance — insurance (3.6 miles)
- Oracle Waterfront — technology offices (7.0 miles)
- Whole Foods Market — corporate offices (7.0 miles) — HQ
- New York Life — insurance (11.6 miles)
- Coca-Cola — consumer beverages (14.4 miles)
2101 Davis Ln sits in an Inner Suburb location that scores in the top quartile among Austin neighborhoods, with neighborhood occupancy in the top quartile nationally. This combination, alongside a high‑cost ownership market, supports steady renter demand and helps underpin rent durability and retention, according to CRE market data from WDSuite. The 1999 construction is slightly newer than the area average, offering relative competitiveness versus older stock while still warranting targeted modernization in capital plans.
Within a 3‑mile radius, household counts have expanded and are projected to rise further, with smaller average household sizes suggesting a larger renter pool over time. Daily‑needs access (notably grocery and pharmacy) is strong, offset by thinner park and cafe options. Underwriting should incorporate prudent security practices given below‑average safety readings, but overall fundamentals point to durable tenant demand and occupancy stability.
- Top‑quartile neighborhood and occupancy positioning supporting income stability
- High‑cost ownership market reinforces reliance on rental housing and pricing power
- 1999 vintage offers competitive footing versus older stock with value‑add potential via modernization
- 3‑mile radius outlook points to growing household counts and an expanding renter pool
- Risk: below‑average safety requires security planning and may influence marketing/retention