| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 87th | Best |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3110 Medical Arts St, Austin, TX, 78705, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 45 |
| Transaction Date | 2011-05-04 |
| Transaction Price | $2,450,000 |
| Buyer | Monty Moo LP |
| Seller | Chi Kao Hsu |
3110 Medical Arts St, Austin TX Multifamily Investment
High renter concentration and steady neighborhood occupancy support durable income, according to WDSuite's CRE market data. Proximity to amenities and schools further anchors renter demand in this Inner Suburb location.
The neighborhood rates A and ranks 51st of 527 Austin neighborhoods, placing it in the top quartile locally for overall fundamentals. Renter-occupied share is elevated (68% at the neighborhood level), signaling a deep tenant base and demand stability for multifamily investors, based on CRE market data from WDSuite.
Amenity access favors daily needs and dining: restaurant density ranks 75th of 527 metro neighborhoods (86th percentile nationally), grocery access is competitive (147th of 527; 74th percentile nationally), and parks proximity sits in the 87th percentile nationally. By contrast, cafes and pharmacies are thinner in this micro-area, which may modestly limit lifestyle convenience but is offset by nearby dining and recreation options.
Schools average 4.5/5 with a strong rank of 41st among 527 metro neighborhoods (94th percentile nationally), an indicator that can aid retention for family and graduate-student renter segments. Neighborhood occupancy is 92.9% with a five-year improvement, supporting leasing durability versus national norms.
Within a 3-mile radius, population and households have expanded, with households up materially over five years, indicating a larger tenant base for multifamily. Median home values in the neighborhood are elevated relative to incomes (100th percentile value-to-income nationally), which typically sustains reliance on rental housing and can support pricing power, while requiring careful lease management where rent-to-income ratios are higher.
Neighborhood safety benchmarks sit below national medians (overall crime around the 35th percentile nationally), so investors should underwrite enhanced security and operating oversight. Encouragingly, recent trends point to improvement: estimated violent offenses declined about 31% year over year and property offenses eased ~8%, according to WDSuite's CRE market data.
Use comparative context when evaluating comp assets: this location is not among the top quartile nationally for safety today, but the directional trend is favorable. Asset-level measures and professional property management can mitigate exposure and support retention.
Nearby employers provide a broad white-collar and tech-oriented employment base that supports renter demand and commute convenience for residents, including Whole Foods Market, Oracle Waterfront, New York Life, Coca-Cola, and Airgas.
- Whole Foods Market — corporate offices (2.0 miles) — HQ
- Oracle Waterfront — corporate offices (3.3 miles)
- New York Life — insurance (6.2 miles)
- Coca-Cola — corporate offices (6.2 miles)
- Airgas — industrial gases (6.7 miles)
This 45-unit asset benefits from a high renter concentration at the neighborhood level and occupancy that has trended upward, indicating healthy leasing fundamentals against broader metro trends. Elevated neighborhood home values relative to incomes reinforce renter reliance on multifamily housing, which can support pricing power where management focuses on affordability discipline and renewals, per commercial real estate analysis from WDSuite.
Amenities skew toward dining, groceries, parks, and strong schools (top-tier locally), while major employers within a short drive diversify the resident employment base. The result is a location with demand depth and retention potential, balanced by the need to actively manage rent-to-income pressure and monitor safety conditions.
- High neighborhood renter-occupied share supports a deep tenant base and occupancy stability.
- Strong dining, grocery, and park access plus highly rated schools aid leasing and renewals.
- Elevated home values versus incomes sustain rental demand and can support pricing power.
- Employer proximity underpins commute convenience and diversifies resident income sources.
- Risks: below-median safety benchmarks and higher rent-to-income call for prudent underwriting, security measures, and proactive lease management.