| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 30th | Poor |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 306 W Rundberg Ln, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
306 W Rundberg Ln Austin Multifamily Investment
Neighborhood data points to a deep renter base and solid occupancy, according to WDSuite’s CRE market data, supporting durable demand for a 120-unit asset. Older 1980s vintage suggests value-add potential to enhance competitiveness against newer stock nearby.
The property sits in an Inner Suburb neighborhood of Austin with a C+ rating and mid-pack positioning (ranked 328 out of 527 metro neighborhoods). For investors, the key positive is a very high share of renter-occupied housing (top decile locally), which indicates a broad tenant pool and supports leasing stability. Neighborhood occupancy trends are in the low-90s, aligning with “above metro median” conditions by national comparison and reinforcing baseline demand.
Daily-needs access is a relative strength: grocery and restaurant density are competitive among Austin neighborhoods (ranks 18 and 55 out of 527; national percentiles around the 90s), and pharmacies are also well-represented. By contrast, cafes and park access are limited (bottom tier locally), which may modestly affect lifestyle appeal but is less critical for workforce-oriented renters focused on convenience.
Home values in the area sit around the national mid-to-upper range (58th percentile) while value-to-income is high (around the upper decile nationally). In practice, this high-cost ownership context tends to sustain multifamily demand, supporting retention and pricing power. Median asking rents are also above the national midpoint (upper 60s percentile), so operators should balance revenue goals with affordability management to maintain renewals.
Construction patterns average around the mid-1980s in the neighborhood. With a 1983 vintage, this asset is slightly older than nearby stock, pointing to targeted capital planning and interior/exterior upgrades as levers for NOI growth and differentiation. Within a 3-mile radius, demographics show households rising even as average household size trends lower, effectively expanding the renter pool and supporting occupancy. Forward-looking 3-mile projections indicate growth in households and incomes, which can deepen demand and underpin rent performance, based on CRE market data from WDSuite.
School ratings in the broader area benchmark below national averages, which may matter for family-oriented tenants; however, the renter-heavy tenure mix suggests continued depth for workforce and young-adult demand segments. Overall, the neighborhood profile is “above metro median” on housing fundamentals with specific affordability and livability considerations to underwrite.
Safety indicators here track below national averages, and the neighborhood sits below the metro median for safety (crime rank 298 out of 527 Austin neighborhoods). While current levels warrant prudent property management and resident engagement, recent year-over-year trends show improvement, with both violent and property offenses declining, which investors may view as a constructive directional signal rather than a resolved risk.
In national terms, the area aligns with lower safety percentiles, but momentum is improving. Operators should underwrite enhanced lighting, access control, and community programming to support resident retention and asset performance over time.
Nearby corporate offices create a diverse employment base that supports renter demand and commute convenience, notably across industrial gases, beverages, software, metals, and financial services listed below.
- Airgas — industrial gases (1.3 miles)
- Coca-Cola — beverages (2.5 miles)
- Adobe — software (3.2 miles)
- Arconic — metals & manufacturing (6.0 miles) — HQ
- New York Life — financial services (6.3 miles)
306 W Rundberg Ln offers exposure to a renter-heavy Austin submarket with steady occupancy and strong everyday retail access. The neighborhood’s elevated renter concentration and grocery/restaurant density support a broad tenant base and leasing durability, while a 1983 vintage positions the asset for value-add improvements to enhance competitiveness versus mid-1980s stock nearby. Based on commercial real estate analysis from WDSuite, homeownership remains relatively high-cost versus incomes locally, a dynamic that tends to sustain reliance on multifamily housing.
Within a 3-mile radius, households have expanded even as average household size has declined, effectively widening the renter pool. Forward-looking projections point to additional household and income growth, which can support rent levels and occupancy if affordability is managed. Key risks to underwrite include below-median safety benchmarks and rent-to-income pressure, which call for disciplined operations and amenity/CapEx prioritization.
- Renter-heavy neighborhood supports steady demand and renewal depth
- Daily-needs retail density (grocery, restaurants, pharmacy) bolsters livability and retention
- 1983 vintage provides value-add and targeted CapEx upside relative to mid-1980s peers
- Ownership costs vs. incomes favor sustained multifamily reliance and pricing power
- Risks: below-median safety and affordability pressure require disciplined operations