| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 81st | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3737 Keats Dr, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 42 |
| Transaction Date | 1997-04-29 |
| Transaction Price | $73,778 |
| Buyer | BARTON BARRY L |
| Seller | HUD |
3737 Keats Dr, Austin — Urban-Core Multifamily Investment
Renter demand is supported by a deep tenant base and amenity-rich surroundings in Austin’s urban core, according to WDSuite’s CRE market data.
This urban-core neighborhood scores competitively within the Austin-Round Rock-Georgetown metro, with an overall neighborhood rating of A and a neighborhood rank of 60 out of 527, placing it in the top quartile among metro neighborhoods. These neighborhood statistics reflect area conditions rather than the property itself.
Amenity access is a clear strength: restaurants and cafes are in high national percentiles, and grocery/pharmacy density ranks well above national averages. At the metro level, amenity access is competitive (amenity rank 68 of 527 — top quartile), which supports resident convenience and lease retention. By contrast, local park and childcare counts are limited, which investors should consider when positioning for household segments that value those services.
Neighborhood rent levels and occupancy indicate steady demand. The neighborhood’s occupancy rate is strong in context and renter-occupied housing share is high, signaling a deep pool of multifamily renters. For investors, a high renter concentration implies broader tenant reach and potential leasing resilience across cycles. Home values sit above national medians, which can sustain reliance on multifamily housing and support pricing power when managed with attention to rent-to-income dynamics.
Education and demographics add further depth. Average school ratings are among the strongest nationally, and 3-mile demographics point to a growing household base even as household sizes trend smaller. Within a 3-mile radius, households expanded over the last five years and are projected to continue increasing, which can enlarge the tenant base and support occupancy stability. This aligns with an amenity-rich, employment-accessible location that attracts 1–2 person households often served by mid-sized apartment homes. Based on multifamily property research from WDSuite, these factors are consistent with durable urban rental demand.
Safety conditions should be evaluated with care. Compared with neighborhoods nationwide, the area’s crime measures sit below national percentiles for safety, indicating a more challenging baseline than many U.S. neighborhoods. These safety statistics describe the neighborhood, not the property.
Recent trends are mixed: property offense rates show a modest year-over-year decline, while violent offense rates have increased. At the metro level (527 neighborhoods), this places the area below stronger-performing peers for safety. Investors may wish to incorporate prudent security, lighting, and access-control measures into underwriting and operations to support resident experience and retention.
Proximity to established employers supports a sizable commuter tenant base and helps stabilize leasing, with nearby roles spanning grocery headquarters, technology, and insurance reflected below.
- Whole Foods Market — grocery HQ (3.1 miles) — HQ
- Oracle Waterfront — technology offices (3.9 miles)
- State Farm Insurance — insurance (5.9 miles)
- New York Life — insurance (8.2 miles)
- Coca-Cola — beverage (10.5 miles)
3737 Keats Dr benefits from an urban-core location with strong amenity access, a high share of renter-occupied housing units in the neighborhood, and proximity to diversified employers that broaden the tenant base. Home values are elevated relative to many U.S. areas, reinforcing reliance on rentals and supporting pricing power when paired with disciplined affordability and lease management. According to CRE market data from WDSuite, neighborhood occupancy remains solid and household counts within 3 miles are expanding, which can underpin long-run demand for well-managed units.
Forward-looking 3-mile trends indicate continued household growth alongside smaller average household sizes, which can favor mid-sized floor plans like the property’s average unit size. Investors should balance these strengths against neighborhood safety readings and manage rent-to-income ratios to sustain retention.
- Urban-core location with top-quartile amenity access supporting lease retention
- High neighborhood renter concentration indicates deep tenant demand
- Employer proximity (grocery HQ, tech, insurance) broadens the commuter renter base
- Household growth within 3 miles and smaller household sizes align with mid-sized units
- Risk: Below-average national safety readings and affordability pressure warrant active management