| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 93rd | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4205 Speedway, Austin, TX, 78751, US |
| Region / Metro | Austin |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | 2025-03-10 |
| Transaction Price | $204,607 |
| Buyer | SEBREE ERICA LYNN |
| Seller | 4205 SPEEDWAY LP |
4205 Speedway Austin Multifamily in Urban Core
High renter concentration and a high-cost ownership market in the immediate neighborhood support durable renter demand, according to WDSuite’s CRE market data. Location fundamentals in Austin’s urban core point to steady leasing with potential for operational improvement.
Located in Austin’s Urban Core, the property sits in a neighborhood rated A and ranked 37 out of 527 metro neighborhoods, making it competitive among Austin neighborhoods. Neighborhood occupancy is around the low 90s and has improved in recent years, indicating stabilized renter demand rather than heavy lease-up dynamics.
Local amenities favor daily convenience: grocery access ranks 10th of 527 in the metro and sits in the 98th percentile nationally, while park access ranks 21st of 527 (95th percentile nationally). Restaurant density is also above national norms (80th percentile). However, café density and pharmacies are limited within the immediate neighborhood footprint, so daily retail mix is somewhat uneven.
The neighborhood’s renter-occupied share is 68.6% (ranked 65th of 527; 97th percentile nationally), signaling a deep tenant base that supports leasing stability for multifamily. Median home value in the neighborhood is elevated (97th percentile nationally), reflecting a high-cost ownership market that typically sustains rental demand and can support pricing power when operations are well managed.
Within a 3-mile radius, WDSuite data shows population growth over the last five years, a 20%+ increase in household counts, and projections calling for further household expansion alongside smaller average household size. For investors, that combination points to a larger tenant base over time and potential support for occupancy and rent levels, while also underscoring the need for effective affordability and lease management strategies as incomes rise and demand diversifies.
Vintage context: the property was built in 1975, somewhat newer than the neighborhood’s average vintage of 1970. That positioning can be competitive versus older stock, though investors should still plan for targeted modernization and systems maintenance to meet current renter expectations.
Safety indicators for the neighborhood are mixed relative to both the metro and national benchmarks. Overall crime sits near the metro median (ranked 263rd of 527 Austin neighborhoods), and national percentiles indicate the area is below the national median for safety (overall crime around the upper-30s percentiles). Property offenses have improved year over year, while violent offense rates have recently moved higher from a lower base, based on WDSuite’s data.
For underwriting, this suggests monitoring recent trends rather than relying on long-term averages. Investors often balance these dynamics by emphasizing lighting, access control, and resident engagement, and by tracking ongoing citywide trendlines to see if recent movements persist or revert.
The area draws from a diverse employment base that supports renter demand through short commutes and varied professional roles, including Whole Foods Market, Oracle Waterfront, Coca-Cola, New York Life, and Airgas.
- Whole Foods Market — grocery headquarters (2.8 miles) — HQ
- Oracle Waterfront — technology offices (4.3 miles)
- Coca-Cola — corporate offices (5.2 miles)
- New York Life — insurance (5.4 miles)
- Airgas — industrial gases offices (5.8 miles)
4205 Speedway offers exposure to Austin’s Urban Core with steady neighborhood occupancy, a deep renter base, and strong daily-need amenities that underpin leasing. Elevated neighborhood home values signal a high-cost ownership market, which tends to reinforce reliance on rentals and support rent levels when operations are executed well. According to CRE market data from WDSuite, the surrounding renter-occupied share is high and grocery/park access outperforms most neighborhoods locally and nationally, strengthening the case for durable demand.
Built in 1975, the asset is somewhat newer than the neighborhood average vintage and can compete against older stock, though targeted modernization and system updates may be prudent to enhance retention and avoid capex surprises. Within a 3-mile radius, recent and projected household growth alongside smaller average household size points to renter pool expansion, which can support occupancy stability over the long term.
- High renter-occupied share and elevated ownership costs support a deep tenant base and pricing power
- Strong daily-need amenities (grocery/parks) outperform most Austin neighborhoods and aid retention
- 1975 vintage offers competitive positioning versus older stock with value-add modernization potential
- 3-mile household growth and smaller household sizes point to ongoing renter pool expansion
- Risk: mixed safety trendlines and uneven retail mix (limited cafés/pharmacies) warrant active management