| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 72nd | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2709 Manor Rd, Austin, TX, 78722, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2709 Manor Rd Austin 28-Unit Value-Add Multifamily
Neighborhood metrics point to deep renter demand and high occupancy stability, according to WDSuite’s CRE market data, with the area’s renter-occupied share and tight occupancy supporting consistent leasing for well-positioned assets.
The property sits in Austin’s Inner Suburb fabric where the neighborhood earns an A- rating and ranks 114 out of 527 metro neighborhoods — competitive among Austin neighborhoods. Restaurant and grocery density track in the top decile nationally, reinforcing everyday convenience for residents, while childcare access is also a relative strength. Parks and pharmacies are less concentrated within the neighborhood lines, so residents may rely on nearby areas for those services.
For investors, the clearest signal is demand depth: the neighborhood’s occupancy is strong (top quartile nationally), and the renter-occupied share of housing units is also in the top quartile nationally. Together, these conditions have supported rent levels above many U.S. neighborhoods and can underpin leasing resilience when assets are maintained and competitively positioned.
Construction year matters here. The property was built in 1973, older than the neighborhood’s average vintage (1989). That typically implies capital planning for building systems and common areas, but it can also create value-add or repositioning upside versus newer stock when renovations sharpen competitive appeal.
Within a 3-mile radius, demographics skew toward a large 18–34 population share alongside a rising household count and smaller household sizes. This combination signals a broad tenant base for studios and smaller formats and supports occupancy stability for professionally managed multifamily. Elevated home values locally and a high value-to-income ratio indicate a high-cost ownership market, which tends to sustain reliance on multifamily rentals and can support pricing power when paired with sound operations.
Safety indicators sit below national medians, and the neighborhood ranks 374 out of 527 among Austin neighborhoods, indicating higher reported crime than many parts of the metro. Nationally, the area falls in lower percentiles for both violent and property offenses. Investors should underwrite with prudent security measures and tenant-experience planning.
Recent trend data provides some balance: estimated property offenses have declined year over year in the neighborhood. While one-year shifts do not establish a long-term trend, steady management practices and coordination with local resources can help support resident retention.
Employment access is diversified, with proximity to grocery headquarters, technology offices, and corporate services that broaden the renter pool and support retention. Notable employers within commuting distance include Whole Foods Market, Oracle Waterfront, Coca-Cola, Airgas, and New York Life.
- Whole Foods Market — grocery HQ (2.5 miles) — HQ
- Oracle Waterfront — technology offices (2.9 miles)
- Coca-Cola — beverage offices (6.7 miles)
- Airgas — industrial gases (6.8 miles)
- New York Life — insurance (7.1 miles)
2709 Manor Rd combines a demand-rich location with value-add potential. Neighborhood occupancy is tight and the renter-occupied share of housing units is high, supporting leasing durability relative to many U.S. areas. Within a 3-mile radius, population skews younger and households have increased, expanding the tenant base for smaller units and supporting renewal prospects. Elevated home values in the area reinforce sustained reliance on rentals, which can translate into steadier rent rolls when operations and unit quality are competitive.
Built in 1973, the asset may require targeted capital for systems and finishes, but that vintage can unlock repositioning upside against newer comparables. According to CRE market data from WDSuite, neighborhood-level rents sit above national norms while rent-to-income metrics remain manageable, suggesting room for operational execution rather than reliance on outsized rent growth.
- Tight neighborhood occupancy and high renter concentration support leasing stability
- 3-mile demographics show a large 18–34 cohort and rising households, expanding the tenant base
- Elevated for-sale housing costs sustain demand for multifamily units
- 1973 vintage presents value-add and repositioning pathways with focused capex
- Risks: safety metrics below national averages and lower local school ratings require underwriting and resident-experience strategies