| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2704 Manor Rd, Austin, TX, 78722, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2704 Manor Rd Austin Multifamily Investment
High neighborhood occupancy and a deep renter base point to steady demand, according to CRE market data from WDSuite, with pricing power supported by an inner-suburb location near job centers.
Located in Austin s inner suburb near core employment nodes, the neighborhood is rated A- and ranks 114 out of 527 metro neighborhoods op quartile among Austin areas indicating competitive fundamentals for multifamily. According to WDSuite s CRE market data, neighborhood occupancy is high and above national averages, supporting lease stability.
Renter-occupied housing accounts for a large share of units in the neighborhood (66.3%), signaling a sizable tenant base and depth for leasing. Within a 3-mile radius, households have expanded over the last five years and are projected to continue growing, which supports a larger renter pool and occupancy resilience over time.
The local ownership market carries elevated home values relative to incomes (high value-to-income ratio compared with the nation), which tends to reinforce reliance on multifamily rentals. At the same time, neighborhood rent-to-income levels sit below national pressure points, a constructive setup for retention and lease management. School ratings trend below national averages, which investors may factor into unit mix and resident profile expectations.
Access to daily needs is a strength: grocery and restaurant density rank competitively within the metro and high nationally, while childcare access is also strong. Park and pharmacy access are limited within the immediate neighborhood, so resident lifestyle appeal leans more on proximity to jobs, dining, and services rather than green space. The property s 1972 vintage is older than the neighborhood s average construction year (1989), pointing to potential value-add or capital planning needs to enhance competitiveness against newer stock.
Safety indicators are mixed and should be contextualized at the neighborhood level rather than the property. The neighborhood s overall crime rank is 374 out of 527 within the Austin metro, which is below the metro median. Nationally, safety percentiles indicate the area performs below national averages.
Recent trend data show property offenses have declined year over year, while violent offense rates increased over the same period. Investors typically incorporate these dynamics into underwriting through security, lighting, and resident engagement strategies, and by calibrating marketing and unit positioning to nearby, relatively stronger blocks.
- Whole Foods Market grocery HQ (2.5 miles) HQ
- Oracle Waterfront technology campus (2.9 miles)
- Coca-Cola beverage offices (6.6 miles)
- Airgas industrial gases (6.7 miles)
- New York Life insurance (7.0 miles)
The immediate area draws from a diverse employment base that supports workforce and professional renter demand, notably tech, grocery headquarters, and corporate services reflected below.
The investment case centers on durable neighborhood demand drivers: top-quartile positioning within the Austin metro, high occupancy, and a renter-leaning housing stock that supports leasing depth. Elevated ownership costs in the area tend to sustain multifamily demand, while rent-to-income levels imply manageable affordability pressure and support retention. According to CRE market data from WDSuite, the neighborhood s occupancy performance trends above national benchmarks, which aligns with expectations for stable cash flow.
Built in 1972, the asset is older than the neighborhood average vintage, creating potential value-add and capital planning opportunities to improve unit finishes, common areas, and building systems relative to newer competitive stock. Within a 3-mile radius, continued growth in households expands the potential tenant base and underpins forward leasing, though investors should underwrite to local school quality and safety variability.
- High neighborhood occupancy and renter concentration support lease-up and renewal stability
- Inner-suburb location near major employers reinforces steady renter demand
- 1972 vintage offers value-add potential through targeted renovations and system upgrades
- Household growth within 3 miles expands the tenant base and supports future occupancy
- Risks: below-median metro safety rankings and lower school ratings may influence marketing and unit mix strategy