| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 82nd | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2501 Anken Dr, Austin, TX, 78741, US |
| Region / Metro | Austin |
| Year of Construction | 1981 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2501 Anken Dr Austin 100-Unit Multifamily
Renter demand is supported by a very high renter-occupied concentration and neighborhood occupancy near 93%, according to WDSuite’s CRE market data, pointing to steady leasing fundamentals for a 1981-vintage asset.
Located in Austin’s Urban Core, the property benefits from strong neighborhood fundamentals (A- rating; rank 80 out of 527 metro neighborhoods). A very high share of units are renter-occupied, which deepens the tenant base and supports demand stability for multifamily assets.
Daily needs are well served: grocery and restaurant densities rank among the highest locally and sit in the top national percentiles, indicating walkable access to essentials and dining that can aid retention. Cafes are similarly plentiful. By contrast, limited parks and childcare options in the immediate area may temper family appeal, so marketing may skew toward young professionals and roommates.
Neighborhood occupancy is approximately 92.9%, and median asking rents trend above many U.S. neighborhoods (upper-third nationally). The rent-to-income profile suggests manageable affordability pressure overall, guiding lease management and renewal strategies rather than aggressive push risk.
Within a 3-mile radius, demographics indicate a skilled, urban renter pool with a high share of adults holding bachelor’s degrees (top percentile nationally). Households have grown while average household size has declined, and forecasts point to further household expansion over the next five years, which typically supports a larger tenant base and occupancy stability. In a high-cost ownership market relative to incomes locally, multifamily remains a more accessible option for many households, reinforcing rental demand.
Vintage context: the property was built in 1981, slightly older than the neighborhood average stock from the late 1970s. Investors should plan for ongoing capital needs and consider targeted value-add or systems modernization to stay competitive versus newer assets while leveraging the area’s demand depth.
Safety metrics in this neighborhood lag many Austin areas and sit below national averages. The neighborhood is ranked 395 out of 527 metro neighborhoods on crime, which is below the metro median. However, recent trends show improvement, with estimated violent and property offense rates declining year over year, according to WDSuite’s CRE market data.
For underwriting, this typically warrants prudent security measures and tenant screening standards. The recent downward trend is constructive, but investors should benchmark performance against comparable Urban Core locations and monitor continued trajectory.
Proximity to major employers supports workforce convenience and renter retention, led by technology, retail headquarters, and diversified corporate offices: Oracle Waterfront, Whole Foods Market, State Farm Insurance, New York Life, and Coca-Cola.
- Oracle Waterfront — technology offices (0.98 miles)
- Whole Foods Market — retail HQ (3.05 miles) — HQ
- State Farm Insurance — insurance (8.99 miles)
- New York Life — insurance (9.46 miles)
- Coca-Cola — consumer beverages (10.30 miles)
This 100-unit, 1981-vintage asset in Austin’s Urban Core is positioned for steady renter demand given the neighborhood’s high renter-occupied share, dense amenities, and neighborhood occupancy near the low-90s. According to CRE market data from WDSuite, asking rents sit in the upper tier nationally while the rent-to-income profile suggests manageable affordability pressure, supporting renewal strategies over heavy push tactics.
The vintage underscores a straightforward value-add thesis: targeted renovations and system updates can enhance competitiveness against newer stock while leveraging a skilled renter base and expanding household counts within 3 miles. Ownership costs in the area are elevated relative to many U.S. neighborhoods, which typically sustains multifamily reliance and helps underpin leasing.
- Deep renter base and neighborhood occupancy near 93% support leasing stability
- Amenity-rich Urban Core location (groceries, dining, cafes) aids retention
- 1981 vintage offers value-add and systems modernization potential
- 3-mile household growth and a highly educated renter pool expand demand
- Risk: Safety metrics trail the metro; prudent security and monitoring recommended