| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2704 French Pl, Austin, TX, 78722, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2704 French Pl Austin Multifamily Investment
Neighborhood occupancy is tight and renter demand is deep in this inner-Austin location, according to WDSuite’s CRE market data. The area’s high renter-occupied share and strong location fundamentals point to stable leasing dynamics for a 21-unit asset.
Located in Austin’s Inner Suburb fabric, the neighborhood carries an A- rating (ranked 114 out of 527 metro neighborhoods), signaling competitive performance within the metro while remaining solidly above national midpoints. Occupancy in the neighborhood is strong and sits in the top quartile nationally, and the submarket ranks as competitive among Austin neighborhoods on this metric. For investors, that backdrop supports resident retention and reduces lease-up risk.
Daily needs are well served: grocery and restaurant density ranks in the top quartile among 527 Austin neighborhoods and in the low 90s by national percentile, offering convenience that typically supports renter satisfaction. By contrast, parks, pharmacies, and cafes are limited within the immediate neighborhood footprint, so amenity access skews more toward food and essentials than green space or café culture.
The renter-occupied share of housing units in the neighborhood is high (96th percentile nationally), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood track in the 80s by national percentile, while rent-to-income sits well below national norms; together this suggests pricing power with manageable affordability pressure, aiding renewal rates.
Within a 3-mile radius, demographics show a growing renter pool: population and household counts have increased over the last five years, and projections point to further growth through 2028. A smaller average household size and continued household formation expand the addressable tenant base, which typically supports occupancy stability and diversified demand.
Home values in the neighborhood are elevated (around the 90th percentile nationally), which in high-cost ownership contexts tends to reinforce reliance on rental housing and supports sustained multifamily demand. The average local construction year is 1989; with a 1972 vintage, the subject asset skews older than nearby stock, creating potential value-add and modernization upside alongside the need for thoughtful capital planning.
Safety indicators compare below national medians, with both violent and property offense measures in lower national percentiles relative to neighborhoods nationwide. However, recent year-over-year trends show property offenses moving downward, which investors can monitor as part of ongoing leasing and asset management planning.
Within the Austin metro context, this area tracks below the metro average for safety, so underwriting should incorporate prudent security, lighting, and community management assumptions. Trend direction and neighborhood-specific initiatives can be re-evaluated during due diligence to calibrate risk.
Proximity to major employers underpins workforce housing demand and commute convenience, led by Whole Foods Market, Oracle Waterfront, Coca-Cola, New York Life, and Airgas within a short drive.
- Whole Foods Market — grocery & corporate HQ offices (2.1 miles) — HQ
- Oracle Waterfront — technology offices (2.8 miles)
- Coca-Cola — beverage offices (6.7 miles)
- New York Life — insurance offices (6.8 miles)
- Airgas — industrial gases offices (6.9 miles)
This 21-unit 1972-vintage property in Austin’s Inner Suburb benefits from a high-renter neighborhood profile, strong occupancy, and elevated ownership costs that support sustained multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy ranks competitively within the metro and in the top quartile nationally, while the renter-occupied share is among the highest nationwide—factors that typically aid leasing stability and renewal velocity.
Demographics within a 3-mile radius point to population growth and a notable increase in households, expanding the tenant base and supporting long-term absorption. The older vintage relative to nearby stock (average 1989) suggests clear value-add and modernization pathways; pairing targeted upgrades with disciplined expense control can position the asset competitively against newer offerings without overextending on capital. Investors should underwrite conservatively for safety and school factors while leaning on location, renter depth, and employment access as durable demand drivers.
- Tight neighborhood occupancy and deep renter concentration support stable leasing
- Elevated local home values reinforce demand for rental housing and pricing power
- 1972 vintage offers value-add and modernization upside versus newer area stock
- 3-mile radius shows population and household growth, expanding the tenant base
- Risks: safety metrics below national median and lower school ratings; plan operating protocols and underwriting accordingly