| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 63rd | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3001 Oak Springs Dr, Austin, TX, 78702, US |
| Region / Metro | Austin |
| Year of Construction | 2003 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3001 Oak Springs Dr Austin 58-Unit Multifamily
Neighborhood occupancy trends and strong renter demand in East Austin point to steady leasing fundamentals, according to WDSuite’s CRE market data. The submarket’s amenity access and employment proximity support durable tenant retention for well-managed assets.
Situated in Austin’s Inner Suburb east of downtown, the neighborhood is rated B+ and ranks 147 out of 527 metro neighborhoods — competitive among Austin-Round Rock-Georgetown neighborhoods. For investors, this positioning suggests balanced fundamentals without the pricing volatility often seen in the metro’s top-decile enclaves.
Amenity access is anchored by strong daily-needs infrastructure: grocery and pharmacy densities rank near the top of the metro and test well nationally, while restaurant options are similarly abundant. Dedicated park and cafe density is more limited per square mile, so on-site amenities and programmed resident experiences can help differentiate the property in leasing.
The neighborhood’s occupancy level is above the national median, supporting stable cash flow potential at the asset level when operations are executed well. Within a 3-mile radius, roughly six in ten housing units are renter-occupied, indicating a deep tenant base and ongoing multifamily demand. Household counts have expanded meaningfully over the past five years, and forecasts point to continued renter pool expansion through 2028; these shifts, aggregated within a 3-mile radius, generally support occupancy stability and renewal performance.
Home values in the immediate area are elevated relative to national norms, and incomes are strong. In a high-cost ownership context, multifamily can retain households longer and sustain pricing power, while prudent lease management remains important where rent-to-income ratios may rise with future rent growth. Construction patterns skew relatively new for the metro; with a 2003 vintage, this property is slightly older than the neighborhood average (2006), implying selective capital needs and potential value-add upside through modernization against newer stock.
Safety indicators trend weaker than national averages, with the area sitting in lower national percentiles for both violent and property offenses. Within the Austin-Round Rock-Georgetown metro’s 527 neighborhoods, the neighborhood’s crime posture tracks below the metro median rather than among the top-performing cohorts. Recent year data shows property incidents moderating, which, if sustained, can support leasing consistency and resident retention; investors should still underwrite security measures and resident experience initiatives appropriate for an urban East Austin location.
Proximity to major employers underpins weekday demand and reduces commute frictions for residents. Notable nearby offices include Oracle Waterfront, Whole Foods Market, Airgas, Coca-Cola, and New York Life.
- Oracle Waterfront — corporate offices (2.4 miles)
- Whole Foods Market — corporate offices (3.1 miles) — HQ
- Airgas — corporate offices (7.5 miles)
- Coca-Cola — corporate offices (7.6 miles)
- New York Life — corporate offices (8.1 miles)
East Austin’s renter ecosystem is deep and expanding, with household growth and rising incomes within a 3-mile radius supporting a larger tenant base and steady absorption. Neighborhood occupancy trends are above the national median, and elevated ownership costs locally tend to reinforce reliance on multifamily housing and bolster renewal prospects when operations emphasize service and value. Based on CRE market data from WDSuite, the submarket’s amenity and employment access compare favorably to national peers, while the property’s 2003 vintage suggests targeted renovation potential to enhance competitive positioning versus newer inventory.
Forward-looking demographics indicate continued renter pool expansion and income gains by 2028, which can support rent growth while maintaining leasing velocity. Investors should balance this upside with thoughtful capital planning for systems and finishes and consider appropriate security and community programming for an urban location.
- Competitive Inner Suburb location with above-national-median neighborhood occupancy supporting cash flow durability
- Deep renter base within 3 miles and continued household growth underpin leasing stability
- Elevated local home values and strong incomes reinforce rental demand and renewal potential
- 2003 vintage offers value-add levers through selective modernization versus newer stock
- Risks: safety metrics below national averages and limited park/cafe density; underwrite security and on-site amenities