| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 80th | Best |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 W 35th St, Austin, TX, 78705, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | 2008-09-17 |
| Transaction Price | $1,078,100 |
| Buyer | CSC 305 FLATS REALTY LLC |
| Seller | SPURS REALTY LLC |
305 W 35th St Austin Multifamily Investment
Located in an A-rated Urban Core neighborhood, the asset benefits from a deep renter base and stable occupancy, according to WDSuite s CRE market data. Elevated ownership costs in the area support durable renter demand and pricing resilience for well-managed multifamily properties.
This Urban Core location ranks 76 out of 527 Austin metro neighborhoods, placing it in the top quartile among 527 metro neighborhoods for overall neighborhood quality. Local dynamics favor multifamily: the neighborhood 27s renter-occupied share is high, indicating a sizable tenant base that supports leasing velocity and occupancy stability at the property level.
Day-to-day convenience is a strength. Restaurant and pharmacy access score in the mid-90s nationally by percentile, and grocery options are strong as well. Park and cafe density are more limited within the immediate neighborhood, so investors should underwrite amenities accordingly if on-site features are a leasing differentiator.
Within a 3-mile radius, demographics point to growth in the renter pool: population and households expanded over the past five years, with households outpacing population 26mdash;consistent with smaller household sizes and more renters entering the market. Forward-looking estimates continue to show increases in households, which supports occupancy stability and absorption for professionally managed assets.
Home values in the neighborhood sit near the top of national comparisons, while median contract rents track above the national median. This high-cost ownership market tends to reinforce reliance on rental housing, supporting tenant retention and giving well-positioned properties scope to sustain rent levels. At the same time, rent-to-income ratios signal some affordability pressure, suggesting prudent lease management and renewal strategies remain important.
Safety metrics are mixed. The neighborhood sits in the lower half of Austin 27s 527 neighborhoods on crime rank, and national percentiles indicate safety is below the U.S. average. However, recent trend data shows a meaningful year-over-year decline in property offenses, suggesting conditions have been improving. Investors should consider standard operational measures and security planning consistent with Urban Core assets, while noting the improving trajectory.
Proximity to established corporate offices supports renter demand through short commutes and diversified employment. The list below highlights nearby employers most relevant to workforce stability in the submarket: Whole Foods Market, Oracle Waterfront, New York Life, Coca-Cola, and Adobe.
- Whole Foods Market grocery retail (2.2 miles) HQ
- Oracle Waterfront corporate offices (4.0 miles)
- New York Life insurance (5.3 miles)
- Coca-Cola beverage (5.6 miles)
- Adobe software (7.0 miles)
Positioned in an A-rated Urban Core neighborhood with a top-quartile metro ranking, this 32-unit asset is supported by a large renter-occupied housing base and steady neighborhood occupancy. High home values relative to incomes indicate a high-cost ownership market, which typically sustains multifamily demand and helps underpin rent levels and retention.
Within a 3-mile radius, recent population growth and a faster increase in households point to a larger tenant base over time. According to CRE market data from WDSuite, amenity access is strong for dining, groceries, and pharmacies, which enhances leasing appeal, while affordability pressure and safety levels below the national average warrant prudent underwriting and asset management.
- Top-quartile neighborhood ranking among 527 Austin metro neighborhoods supports long-term renter demand
- Large renter-occupied share and stable neighborhood occupancy reinforce leasing durability
- Strong access to restaurants, groceries, and pharmacies boosts day-to-day livability and retention
- 3-mile radius shows population and household growth, supporting a larger tenant base
- Risks: below-national-average safety and affordability pressure call for disciplined lease and security strategies