| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 79th | Best |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Kenniston Dr, Austin, TX, 78752, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Kenniston Dr, Austin multifamily investment
Renter demand is supported by a high neighborhood renter-occupied share and a history of stable occupancy, according to WDSuite s CRE market data. Elevated ownership costs in the area further sustain tenancy, reinforcing income consistency for well-managed assets.
The property sits in an Inner Suburb location with an A+ neighborhood rating and a strong amenity profile. Dining and coffee density are competitive among Austin neighborhoods (ranked 14th and 3rd out of 527, respectively), and both grocery access and parks score in the top quartile nationally. School quality trends closer to the national midpoint, which may temper family-driven demand but still supports a broad renter base.
Within a 3-mile radius, demographics point to a larger tenant base over time: population has grown recently and households have expanded faster than population, signaling smaller household sizes and a deeper pool of prospective renters. Roughly two-thirds of housing units in this radius are renter-occupied, indicating meaningful depth for lease-up and renewals.
Neighborhood rent levels are above the U.S. median, while rent-to-income ratios remain manageable for many households, helping support retention and occupancy. Home values are high for the metro and in the 90th percentile nationally, a high-cost ownership market that tends to reinforce reliance on multifamily housing and bolster pricing power during steady demand periods.
Construction vintage skews older than the neighborhood average (the asset was built in 1972 versus a local average year of 1991), which suggests potential value-add through unit renovations and system upgrades. Investors can plan capital to modernize interiors and building systems to compete effectively against newer stock.
Safety metrics for this neighborhood trend below national percentiles, with both violent and property offense indicators weaker than many areas nationwide. Relative to the Austin metro, the neighborhood s crime rank falls below the metro median (ranked 439 out of 527), signaling that risk management and preventive measures should be part of the operating plan.
Recent readings indicate a year-over-year uptick in estimated property offenses, while violent offense change has been more modest. For investors, practical mitigants include lighting, access control, and partnership with local patrol resources, coupled with tenant screening and onsite visibility to support resident retention.
Nearby corporate offices anchor a diverse employment base that supports leasing stability through commute convenience, including beverage, industrial gases, software, grocery corporate, and insurance employers listed below.
- Coca-Cola — beverage (3.4 miles)
- Airgas — industrial gases (3.6 miles)
- Adobe — software (4.7 miles)
- Whole Foods Market — grocery corporate (4.9 miles) — HQ
- New York Life — insurance (5.3 miles)
This 24-unit asset at 400 Kenniston Dr benefits from strong neighborhood fundamentals: high renter concentration, solid amenity access, and occupancy that has trended steady. The area s high-cost ownership landscape supports multifamily demand and pricing power, while 3-mile demographics show ongoing population and household growth that expands the renter pool. According to CRE market data from WDSuite, neighborhood rents sit above national norms yet remain balanced against incomes, supporting lease retention when paired with disciplined renewal strategies.
Built in 1972, the property presents a clear value-add path via interior updates and building-system upgrades to compete with newer stock across the Austin-Round Rock-Georgetown metro. With employers nearby and a deep tenant base, the focus is on operational execution, targeted capex, and safety-forward management to sustain occupancy and drive NOI.
- Demand depth: high neighborhood renter-occupied share and steady occupancy support leasing stability.
- Pricing power: elevated home values sustain renter reliance on multifamily housing.
- Value-add: 1972 vintage offers renovation and system-upgrade upside to improve competitive positioning.
- Location drivers: strong amenity access and proximity to diversified employers support retention.
- Risks: below-average safety readings and middling school scores warrant enhanced operations and resident experience focus.