| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 97th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2406 Bluebonnet Ln, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1985 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2406 Bluebonnet Ln Austin Multifamily Investment
Positioned in Austin’s inner-south submarket with stable renter demand and strong neighborhood occupancy, this 31-unit asset offers durable cash flow potential, according to WDSuite’s CRE market data. High-cost ownership dynamics nearby support sustained reliance on rentals.
Located in an Inner Suburb pocket of Austin-Round Rock-Georgetown, the neighborhood scores an A+ and ranks 5th among 527 metro neighborhoods, indicating strong overall fundamentals. Restaurant density sits in the 97th percentile nationally, with cafe and pharmacy access also testing well above average, supporting day-to-day livability that helps leasing and retention.
Schools in the area are best-in-metro (ranked 1st of 527) and top-tier nationally, a signal that can broaden the prospective tenant base and reduce turnover for family-oriented and professional renters. Despite excellent access to daily needs, park access is limited relative to peers, a modest tradeoff to consider in tenant experience planning.
Neighborhood occupancy is above the metro median and in the 87th percentile nationally, which supports income stability for well-managed assets. The local renter concentration is competitive for Austin (renter-occupied share ranks within the top third of 527 neighborhoods), indicating a deep tenant pool for multifamily operators.
Home values are in the 97th percentile nationally and value-to-income ratios skew high versus U.S. norms. For investors, this high-cost ownership market tends to reinforce rental demand and can aid pricing power when paired with thoughtful lease management. Contract rents benchmark in the 90th percentile nationally, yet rent-to-income remains moderate locally, suggesting a manageable affordability profile in the near term.
Safety indicators are mixed and should be evaluated as part of risk management. On a metro basis, the neighborhood ranks below the median for safety (relative position 319th among 527 Austin neighborhoods). Nationally, it trends below average on safety percentiles, though recent data show property offenses declining, which is a constructive sign for operators focused on preventive measures.
Trend-wise, estimated property offense rates have improved year over year (approximately a mid–double-digit decrease), while estimated violent offense rates ticked up over the same period. Investors should underwrite security, lighting, and resident engagement accordingly and monitor directionality rather than relying on a single-year snapshot.
Proximity to major employers supports a steady renter pipeline, with Whole Foods Market, Oracle, State Farm, New York Life, and Coca-Cola providing diverse white-collar jobs within a commutable radius.
- Whole Foods Market — grocery HQ operations (2.1 miles) — HQ
- Oracle Waterfront — enterprise software offices (3.3 miles)
- State Farm Insurance — insurance services (6.8 miles)
- New York Life — insurance & financial services (7.5 miles)
- Coca-Cola — consumer beverages offices (9.6 miles)
This 31-unit property built in 1985 sits in a high-performing Austin neighborhood where occupancy levels are above the metro median and nationally competitive, supporting income consistency for stabilized assets. Elevated home values and strong household incomes in the area underpin sustained renter reliance on multifamily housing, while robust amenity access and top-ranked schools bolster retention and deepen the tenant base, based on CRE market data from WDSuite.
Given the vintage, investors should expect selective capital planning for exterior systems and interiors; that same age profile can present value-add potential against newer, pricier stock nearby. Within a 3-mile radius, population and household counts have trended upward and are projected to continue expanding, which points to a larger renter pool over time and supports leasing fundamentals.
- High neighborhood occupancy and deep renter base support cash flow durability.
- High-cost ownership market reinforces multifamily demand and pricing power.
- 1985 vintage offers value-add and repositioning opportunities with targeted CapEx.
- Strong amenities and top-ranked schools aid leasing velocity and retention.
- Risks: safety metrics sit below metro median and park access is limited; plan for security and resident-experience enhancements.