| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 92nd | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 W Anderson Ln, Austin, TX, 78757, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 104 |
| Transaction Date | 2015-04-24 |
| Transaction Price | $9,325,000 |
| Buyer | 2101 Anderson LLC |
| Seller | Merner Land Company, Other, Merner Land Company, PriceCash Equivalent Price/sf |
2101 W Anderson Ln Austin Multifamily Investment
Inner-suburb positioning supports steady renter demand and above-average neighborhood occupancy, according to WDSuite’s CRE market data. Investor focus: resilient tenant base with room to optimize an older 1983 asset.
Located in an Inner Suburb of Austin, the property benefits from a neighborhood that ranks 28th out of 527 metro neighborhoods (A rating), signaling strong fundamentals relative to the metro. Neighborhood occupancy is 94.8% (for the neighborhood, not the property), with a national standing that points to stability and a renter-occupied share above the metro median, indicating depth in the tenant base for multifamily.
Daily needs are well served: cafes and groceries are competitive among Austin neighborhoods (ranks 18 and 58 of 527, respectively) and place the area in high national percentiles for amenity density. Restaurants are similarly plentiful, supporting lifestyle appeal that aids leasing and retention. While neighborhood parks and pharmacies are limited within the immediate area, broader Austin access mitigates this and keeps the location functional for residents.
Demographic statistics aggregated within a 3-mile radius show population growth over the last five years with a faster increase in household counts, implying smaller household sizes and a broader pool of potential renters. Forward-looking projections point to additional household growth, which should expand the tenant base and support occupancy over time.
Home values are elevated for the metro and nationally, which tends to sustain reliance on rental housing and supports pricing power for well-managed multifamily communities. A rent-to-income ratio near 0.18 at the neighborhood level suggests manageable affordability pressure that can aid lease retention and reduce turnover risk.
Vintage considerations: the property s 1983 construction is older than the neighborhood s average vintage (1991), creating potential value-add and modernization upside. Thoughtful capital planning can strengthen competitive positioning against newer stock while addressing aging systems.
Safety conditions should be evaluated with a comparative lens. The neighborhood s crime rank sits below the metro median (307 out of 527), and national percentiles indicate it is less safe than many neighborhoods across the country. That said, recent trends show year-over-year declines in both violent and property offense rates, which is a constructive signal to monitor.
For investors, the takeaway is to underwrite with prudent security measures and operating practices in mind, while recognizing that downward movement in offense rates can support leasing and retention as conditions improve relative to the wider region.
Proximity to corporate offices supports a diversified employment base and practical commute options for renters. Key nearby employers include Coca-Cola, Airgas, Adobe, New York Life, and Whole Foods Market HQ.
- Coca-Cola corporate offices (1.8 miles)
- Airgas corporate offices (3.0 miles)
- Adobe corporate offices (3.2 miles)
- New York Life corporate offices (4.3 miles)
- Whole Foods Market corporate offices (5.9 miles) HQ
This 104-unit, 1983-vintage community offers exposure to an A-rated Inner Suburb where neighborhood occupancy is solid and renter concentration is high, supporting a durable tenant base. According to CRE market data from WDSuite, amenity access is competitive within the metro and elevated home values reinforce sustained demand for rental housing, creating an environment conducive to steady leasing.
The asset s older vintage relative to neighborhood stock (average 1991) points to practical value-add and systems modernization opportunities that can enhance competitiveness. Within a 3-mile radius, household counts have expanded and are projected to grow further, signaling a larger renter pool over time and underpinning occupancy stability. Neighborhood affordability metrics suggest manageable rent-to-income levels, supporting retention and measured rent positioning.
- Inner-suburb A-rated location with competitive amenities and steady neighborhood occupancy
- 1983 vintage offers clear value-add and modernization pathways versus newer comps
- 3-mile household growth and projections support tenant base expansion and leasing stability
- Elevated ownership costs in the area sustain multifamily demand and pricing power
- Risks: safety metrics trail national benchmarks and parks/pharmacy access is limited; underwrite operations and capex accordingly