| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 87th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 Swisher St, Austin, TX, 78705, US |
| Region / Metro | Austin |
| Year of Construction | 1999 |
| Units | 27 |
| Transaction Date | 2019-08-27 |
| Transaction Price | $11,875,000 |
| Buyer | MC OAKS AUSTIN LLC |
| Seller | 2901 SWISHER LLC |
2901 Swisher St, Austin TX — Boutique Multifamily Position
Renter-occupied housing is prevalent in this neighborhood, supporting a steady tenant base and leasing velocity, according to WDSuite’s CRE market data. With central Austin proximity and stable neighborhood occupancy, the asset’s scale suits hands-on operations.
Located in Austin’s inner-suburb fabric, the neighborhood carries an A rating and ranks 51 out of 527 metro neighborhoods, making it competitive among Austin neighborhoods. Restaurants and groceries are accessible (restaurants scoring in a high national percentile), while average school ratings trend strong relative to national peers. These factors help sustain renter demand and day-to-day livability for workforce and student-adjacent tenants.
Renter-occupied share is elevated in the immediate neighborhood (measured as the portion of housing units that are renter-occupied), signaling depth for multifamily demand and consistent leasing activity. Neighborhood occupancy trends sit above national mid-range levels, and median rents have risen over the past five years, per WDSuite.
Within a 3-mile radius, demographics skew younger and show recent population growth alongside a larger household base, with further increases expected by 2028. This points to a gradually expanding renter pool, which can support occupancy stability and absorption for smaller unit mixes. Median household incomes in the 3-mile radius have trended upward, reinforcing spending power and the potential to sustain rent levels.
Ownership costs in the neighborhood are elevated relative to incomes, a high-cost ownership market context that tends to reinforce reliance on multifamily rentals. For investors, that typically supports tenant retention and reduces move-out propensity, though ongoing lease management is prudent where rent-to-income ratios indicate affordability pressure.
Safety conditions are mixed relative to national benchmarks: the neighborhood’s safety profile trends below national averages, while recent data show improvement in reported violent offenses year over year. Compared with other parts of the Austin metro, this area sits below the metro median on safety (ranked 310 out of 527 neighborhoods), so investors should underwrite prudent security measures and operational oversight.
According to CRE market data from WDSuite, year-over-year estimates indicate a meaningful decline in violent offense rates and a modest decline in property offenses. For investors, the trajectory matters: continued improvement can support resident retention and reputation, but it remains important to budget for lighting, access control, and community management to maintain leasing performance.
Nearby employers span HQ, tech, and corporate services, supporting commuter convenience and a broad renter base that can stabilize leasing. The list below reflects prominent names within an approximately 2–7 mile radius that commonly draw talent to central Austin.
- Whole Foods Market — grocery HQ & corporate offices (2.0 miles) — HQ
- Oracle Waterfront — technology/corporate campus (3.1 miles)
- New York Life — insurance (6.4 miles)
- Coca-Cola — beverage corporate offices (6.4 miles)
- Airgas — industrial gases corporate office (6.8 miles)
Built in 1999, this 27-unit, small-footprint asset is newer than much of the surrounding housing stock, giving it a competitive position versus older vintage properties while leaving room for targeted modernization to lift rents and retention. Neighborhood occupancy is solid and renter concentration is high, indicating depth of tenant demand; elevated home values and ownership costs further sustain multifamily reliance. According to commercial real estate analysis from WDSuite, rents and incomes in the broader 3-mile area have trended upward, supporting achievable rent levels when paired with careful unit upgrades.
The average unit size around 517 square feet suggests a mix oriented to studios and smaller one-bedrooms that aligns with the area’s large 18–34 renter cohort within a 3-mile radius. Forward population and household growth projections point to a larger tenant base by 2028, which can support occupancy stability and leasing velocity if asset quality and management remain competitive.
- 1999 vintage offers competitive positioning versus older stock, with selective renovation upside.
- High neighborhood renter-occupied share and solid occupancy support demand depth and leasing stability.
- Central Austin location near major employers underpins retention for smaller-unit product.
- Elevated ownership costs in the area reinforce reliance on rentals, aiding pricing power.
- Risks: affordability pressure (higher rent-to-income metrics) and below-median metro safety warrant prudent underwriting and active management.