| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 80th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 W 39th St, Austin, TX, 78751, US |
| Region / Metro | Austin |
| Year of Construction | 1974 |
| Units | 29 |
| Transaction Date | 2019-06-20 |
| Transaction Price | $1,000,000 |
| Buyer | MAI NISHIHORI |
| Seller | 301 W 39TH ST LLC |
301 W 39th St Austin Multifamily Investment
Neighborhood-level renter demand is deep and supports steady leasing, according to WDSuite’s CRE market data, with occupancy measured for the neighborhood rather than the property itself.
Located in Austin’s Urban Core, the neighborhood ranks 107 out of 527 metro neighborhoods, placing it in the top quartile locally. For investors, this signals competitive fundamentals within the Austin-Round Rock-Georgetown metro, supported by stable neighborhood occupancy and a strong renter base.
Livability drivers are well-rounded: grocery and pharmacy density both sit near the upper end nationally (each around the high-80th percentiles), and park access is similarly strong. Restaurants are above the national median, while cafes and childcare options are thinner within the neighborhood boundary. These amenity patterns favor daily convenience, which can reinforce retention and leasing consistency.
Renter concentration is high at the neighborhood level, with 73.7% of housing units renter-occupied. That depth of renter-occupied stock points to a durable tenant base and sustained multifamily demand rather than preference shifts, an insight investors often seek in multifamily property research. Neighborhood occupancy is measured at the neighborhood level at 93.5%, indicating above-median performance nationally and supporting expectations for stable collections and moderate turnover management.
Within a 3-mile radius, population has grown over the last five years and households have increased at a faster pace, with forecasts calling for continued household growth alongside smaller average household sizes. This combination typically broadens the tenant pool and supports lease-up velocity. Elevated neighborhood home values (87th percentile nationally) indicate a high-cost ownership market, which tends to sustain reliance on rentals and supports pricing power, while the local rent-to-income profile suggests manageable affordability pressure for income-qualified renters.
Safety indicators are mixed when benchmarked nationally: the neighborhood’s crime profile tracks below the national median (around the low-30th percentile). Within the metro, its crime rank sits in the lower half (rank 380 out of 527 neighborhoods), indicating comparatively higher reported crime than many Austin peers. For underwriting, this suggests thoughtful security measures and asset management practices may aid resident retention.
Trend-wise, WDSuite data shows an estimated year-over-year decline in property offenses (approximately a mid-teens percentage reduction), which is a constructive signal. Even so, investors should evaluate micro-location dynamics and recent comps to confirm whether the improvement is durable and how it translates into leasing performance and insurance costs.
Proximity to established employers in tech, consumer, and enterprise services supports a broad renter base and convenient commutes for residents. The employers below represent nearby demand anchors likely to influence leasing and retention.
- Whole Foods Market — grocery HQ & corporate (2.4 miles) — HQ
- Oracle Waterfront — enterprise software campus (4.2 miles)
- New York Life — insurance offices (5.3 miles)
- Coca-Cola — consumer beverages offices (5.4 miles)
- Airgas — industrial gases offices (6.1 miles)
- Adobe — software offices (6.8 miles)
The investment case centers on durable neighborhood demand and location fundamentals typical of Austin’s Urban Core. According to CRE market data from WDSuite, the neighborhood is a top-quartile performer within the metro, with above-median national occupancy at the neighborhood level and a high share of renter-occupied housing units that together point to a deep tenant base and steady leasing. Elevated neighborhood home values relative to national norms further reinforce renter reliance on multifamily housing and can support pricing power.
Within a 3-mile radius, population has expanded and households have grown faster, with forecasts indicating continued household growth alongside smaller household sizes—conditions that typically broaden the renter pool and support occupancy stability. The property’s smaller average unit sizes can align with demand for efficient floorplans, offering potential to optimize rents per square foot while managing turnover through targeted leasing and renewal strategies.
- Top-quartile neighborhood within the Austin metro, supporting competitive leasing fundamentals
- High neighborhood renter-occupied share signals a deep tenant base and demand resilience
- Elevated ownership costs locally reinforce rental demand and pricing power
- 3-mile household growth and shrinking household size expand the renter pool and support occupancy
- Risk: crime ranks in the lower half of the metro; underwriting should incorporate security, insurance, and retention planning