| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 59th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4315 S 1st St, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 49 |
| Transaction Date | 1997-10-24 |
| Transaction Price | $1,078,100 |
| Buyer | MINICOZZI REAL ESTATE INC |
| Seller | HARTLAND BANK |
4315 S 1st St Austin Multifamily Investment
Inner-suburban Austin location with strong renter demand signals and high neighborhood occupancy, according to WDSuite’s CRE market data. Neighborhood metrics reflect the surrounding area rather than this specific property.
Positioned in Austin’s Inner Suburb fabric, the neighborhood rates A- and sits at rank 119 among 527 metro neighborhoods, placing it competitive within the Austin-Round Rock-Georgetown market. Neighborhood occupancy is strong and ranks 109 of 527 — a top-quartile showing locally and in the upper tier nationally — supporting stability for multifamily assets.
Livability drivers skew toward daily needs and dining access rather than parks and cafes: grocery availability ranks 78 of 527 (high nationally), and restaurants are also a relative strength, while park and cafe counts are limited. Average school ratings in the neighborhood trail metro norms, which can modestly influence family-oriented demand, but workforce-oriented product often competes more on commute convenience and rent positioning.
Tenure patterns indicate a large renter base: roughly two-thirds of housing units are renter-occupied at the neighborhood level, signaling depth for leasing and renewal pipelines. Median asking rents sit above many neighborhoods nationwide but not at the top of the metro, suggesting room to compete on value relative to newer, amenity-heavy product. Home values are elevated for the neighborhood, which generally sustains renter reliance on multifamily housing and can support pricing power when lease management is disciplined.
Within a 3-mile radius, demographics show a slight population dip alongside an increase in households and smaller average household sizes over the past five years, expanding the renter pool and supporting occupancy stability. Forward-looking projections within the same 3-mile radius point to continued household growth and income gains, which are constructive for rent growth potential and absorption if supply additions remain measured.
The property’s 1984 vintage is older than the neighborhood’s average construction year (1993). For investors, that typically implies planning for targeted capital expenditures and potential value-add through unit renovations and building system updates to remain competitive against newer stock.
Safety indicators for the neighborhood track below the metro average: the neighborhood’s crime rank is 386 out of 527 Austin-area neighborhoods, and national percentiles are low, indicating higher reported incidents relative to many U.S. neighborhoods. That said, recent trend data shows estimated property offenses declining year over year, which is a constructive directional signal. As always, investors should evaluate block-by-block context, on-site security, lighting, and tenant mix when underwriting.
Nearby corporate footprints help support a steady renter base, with technology, grocery headquarters, and insurance offices within typical commuting distance. The list below reflects key employers that can underpin leasing and retention for workforce and professional tenants.
- Oracle Waterfront — technology offices (3.4 miles)
- Whole Foods Market — corporate offices (3.6 miles) — HQ
- State Farm Insurance — insurance (6.4 miles)
- New York Life — insurance (9.3 miles)
- Coca-Cola — beverages (11.2 miles)
This 49-unit asset at 4315 S 1st St benefits from a neighborhood with top-quartile occupancy performance locally and a large renter-occupied share, supporting durable leasing fundamentals. Elevated neighborhood home values and solid household income growth within a 3-mile radius reinforce reliance on multifamily housing, while smaller household sizes point to continued depth for one- and two-bedroom demand.
Built in 1984, the property is positioned for programmatic value-add: targeted interior upgrades and system refreshes can improve competitiveness versus 1990s-and-newer stock while maintaining a rent position below newer deliveries. According to CRE market data from WDSuite, the surrounding neighborhood’s amenity mix favors groceries and dining, and recent improvement in property offense trends provides a modest tailwind, though underwriting should account for safety initiatives and school quality.
- Strong neighborhood occupancy and sizable renter base support leasing stability
- 1984 vintage offers value-add and capex-driven upside versus newer stock
- Elevated ownership costs and growing 3-mile households sustain rental demand
- Risk: Safety metrics below metro average and lower school ratings require proactive management