| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2408 Manor Rd, Austin, TX, 78722, US |
| Region / Metro | Austin |
| Year of Construction | 1985 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2408 Manor Rd Austin Multifamily Investment Opportunity
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite s CRE market data, pointing to stable leasing conditions for well-managed assets.
Located in Austin s inner suburb corridor, the neighborhood carries an A- rating and ranks 114 out of 527 metro neighborhoods a top quartile position that signals overall competitiveness for multifamily. Occupancy in the neighborhood is high and has strengthened over the past five years, supporting steady absorption and lease retention. Renter-occupied housing accounts for a large share of units, indicating a sizable tenant base for smaller formats.
Daily needs are well covered: grocery and restaurant density both rank 44 of 527 top quartile locally and strong nationally. By contrast, cafes, parks, and pharmacies rank at the bottom of the metro distribution, which may modestly limit lifestyle convenience compared with Austin s most amenity-rich districts. Childcare access is a relative strength (rank 16 of 527), useful for worker households.
Home values sit on the higher end for the metro and the value-to-income ratio is elevated, which typically sustains reliance on rental options and can support pricing power. The median rent level is above national norms while the neighborhood s rent-to-income profile suggests manageable affordability pressure from an investor perspective a tailwind for renewals. Average school ratings are lower (about 2.0 out of five), which could influence family renter demand relative to peer submarkets.
Within a 3-mile radius, demographics indicate roughly 7% population growth over the past five years with households up about 27%, and forecasts call for continued population growth alongside a sizable increase in households. This points to a larger tenant base and ongoing renter pool expansion, reinforcing occupancy stability for well-positioned units, based on CRE market data from WDSuite.
Safety conditions are below metro and national averages, with the neighborhood s overall crime profile ranking in the lower tier among 527 Austin-area neighborhoods and at a lower national percentile. Violent and property offense benchmarks compare unfavorably to many neighborhoods nationwide; however, recent data show a meaningful year-over-year improvement in estimated property offenses, suggesting momentum in the right direction. Investors should underwrite accordingly and consider standard security and operations measures rather than relying on block-level assumptions.
Proximity to major employers across grocery HQ, enterprise software, and diversified corporate services supports commuter convenience and helps deepen the renter base for workforce and professional tenants in this part of Austin.
- Whole Foods Market grocery HQ (2.4 miles) HQ
- Oracle Waterfront enterprise software (2.9 miles)
- Coca-Cola beverages (6.6 miles)
- Airgas industrial gases (6.8 miles)
- New York Life insurance (6.9 miles)
The property built in 1985 is slightly older than the neighborhood average, creating potential value-add and capital planning angles while benefiting from strong local fundamentals. High neighborhood occupancy and a renter-occupied housing share well above metro norms point to durable demand. Elevated home values and a high value-to-income ratio reinforce reliance on multifamily, while rent-to-income levels indicate manageable affordability pressure that can aid retention and reduce turnover risk.
Within a 3-mile radius, population has grown and households have risen materially with further gains forecast, signaling a larger tenant base and sustained leasing velocity. According to CRE market data from WDSuite, amenity access is anchored by strong grocery and dining density, though limited parks and cafes, lower school ratings, and a below-average safety profile warrant prudent underwriting and asset-specific improvements.
- High neighborhood occupancy and deep renter base support lease stability
- 1985 vintage offers value-add potential through modernization and CapEx targeting
- Elevated ownership costs bolster multifamily demand and pricing power
- 3-mile demographics show recent and forecast growth, expanding the tenant pool
- Risks: below-average school ratings, limited park/cafe access, and a weaker safety profile