| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 52nd | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2222 Pearl St, Austin, TX, 78705, US |
| Region / Metro | Austin |
| Year of Construction | 2008 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2222 Pearl St Austin Multifamily Investment
Renter demand in this Urban Core location is supported by a high renter-occupied housing share and strong amenity access, according to WDSuite’s CRE market data. Elevated ownership costs locally further sustain reliance on multifamily rentals.
This Urban Core neighborhood offers daily convenience that supports leasing: restaurant and grocery density rank among the strongest nationally, and park access is competitive within the Austin metro. Average school quality scores are at the top of the metro (among 527 neighborhoods), which can aid marketing and retention for family-oriented units.
The area skews renter-heavy, with a high share of housing units that are renter-occupied. For investors, that indicates a deep tenant base and steady leasing velocity, though pricing should reflect unit quality and positioning.
Demographics within a 3-mile radius show population and household growth over the past five years with additional gains projected, implying a larger renter pool and support for occupancy stability. A sizable 18–34 cohort in the immediate trade area also aligns with demand for smaller, centrally located units.
Home values are elevated relative to incomes in the neighborhood and rank high nationally, reinforcing sustained reliance on rental housing and potential pricing power for well-renovated product. Neighborhood-level NOI per unit metrics also benchmark near the top of national peers, underscoring solid income potential for competitive assets.
The 2008 vintage is newer than much of the surrounding stock (1980s average), offering competitive positioning versus older assets. Investors should still plan for mid-life system updates and selective modernization to maintain rentability.
Safety indicators for the neighborhood track below national benchmarks, with property and violent incidents elevated relative to many U.S. neighborhoods. Within the Austin metro, the area does not sit among the safer quartiles. Investors typically account for this with security design, lighting, access controls, and insurance assumptions, and by emphasizing unit finishes and on-site management presence to support resident confidence.
Recent trends point to incremental increases in reported incidents. Underwriting should reflect prudent loss assumptions and mitigation costs while recognizing that safety conditions can vary block to block and over time.
Nearby employers provide a diversified white-collar and tech-oriented employment base that supports renter demand and commute convenience for residents. The list below reflects prominent offices within a short drive.
- Whole Foods Market — grocery HQ & corporate offices (1.2 miles) — HQ
- Oracle Waterfront — technology campus (3.4 miles)
- New York Life — insurance (5.6 miles)
- Coca-Cola — beverage (6.5 miles)
- Airgas — industrial gases (7.4 miles)
Positioned in Austin’s Urban Core, the property benefits from a renter-leaning neighborhood, top-tier amenity access, and elevated ownership costs that reinforce multifamily demand. Based on CRE market data from WDSuite, neighborhood-level NOI per unit benchmarks are strong relative to national peers, while occupancy has trended upward, suggesting stable absorption for well-located assets.
The 2008 vintage is competitive versus older nearby stock, with potential to capture renters prioritizing modern construction and central access. Strategic capital to update building systems and refresh finishes can support rent positioning, but underwriting should account for affordability pressure in parts of the trade area and for additional security measures given below-average safety percentiles.
- Urban Core location with strong restaurant, grocery, and park access supports leasing and retention
- High renter-occupied housing share indicates depth of tenant base and steady demand
- 2008 construction offers competitive positioning versus older neighborhood stock with targeted modernization
- Elevated ownership costs locally help sustain reliance on rentals and pricing power for well-finished units
- Risks: below-average safety benchmarks and pockets of affordability pressure require prudent underwriting and asset management