| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 79th | Best |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 439 Woodward St, Austin, TX, 78704, US |
| Region / Metro | Austin |
| Year of Construction | 1982 |
| Units | 28 |
| Transaction Date | 2003-10-25 |
| Transaction Price | $831,300 |
| Buyer | THOMPSON DONALD M |
| Seller | THOMPSON DONALD M |
439 Woodward St Austin Multifamily Investment Opportunity
Neighborhood fundamentals indicate steady renter demand and high occupancy, according to WDSuite’s CRE market data for the surrounding area (metrics reflect the neighborhood, not the property). Investors screening South Austin locations may find stability supported by a deep base of renter-occupied housing units.
Positioned in Austin’s 78704, the property benefits from neighborhood dynamics that are competitive among Austin-Round Rock-Georgetown’s 527 neighborhoods. Based on WDSuite’s CRE market data, the area scores an A- neighborhood rating and sits within the stronger cohort locally, with occupancy levels that trend in the top quartile nationally for comparable neighborhoods. These are neighborhood-level indicators, not property performance.
Daily-life amenities are a core strength: grocery and restaurant density rank among the highest locally, supporting walkable convenience and resident retention. Cafes are also plentiful relative to most neighborhoods nationwide, while limited park and pharmacy density suggests residents rely more on private or nearby district amenities. For commercial real estate analysis, this amenity mix points to lifestyle-driven demand and consistent leasing interest for well-located assets.
Vintage and asset positioning matter for long-term competitiveness. Built in 1982, the property is slightly newer than the neighborhood’s average construction year (1977), which can help relative to older stock; investors should still underwrite modernization of aging systems or select unit/interior updates to maintain pricing power.
Within a 3-mile radius, demographics show a larger tenant base over time: population has expanded and households increased meaningfully over the last five years, with WDSuite indicating further household growth ahead. Average household size is trending smaller, which can support demand for efficient floorplans and sustained occupancy. Income trends are up, and median contract rents in the surrounding area have risen over the same period, reinforcing the depth of the renter pool while warranting attention to affordability and lease management.
Tenure patterns favor multifamily demand: the surrounding area shows a high share of housing units that are renter-occupied, indicating a deep, renewable tenant base. Coupled with neighborhood occupancy that remains above metro norms, these factors support durable leasing and potential rent resilience through cycles.
Safety indicators for the neighborhood are below national averages, with WDSuite data placing the area in lower national percentiles for both property and violent offenses. Relative to the 527 neighborhoods in the Austin metro, overall safety performance sits below the metro median.
Recent trends show modest year-over-year declines in both property and violent offense rates at the neighborhood level, which is constructive but not definitive. Investors typically account for these conditions through security measures, lighting, and tenant screening, and by emphasizing the area’s strong occupancy and amenity access in marketing.
Proximity to established employers underpins renter demand and commute convenience, particularly for workforce and professional tenants. Key nearby employment nodes include Oracle Waterfront, Whole Foods Market, State Farm Insurance, New York Life, and Coca-Cola.
- Oracle Waterfront — technology offices (2.3 miles)
- Whole Foods Market — corporate offices (3.0 miles) — HQ
- State Farm Insurance — insurance (7.4 miles)
- New York Life — insurance (9.2 miles)
- Coca-Cola — consumer goods offices (10.7 miles)
439 Woodward St offers exposure to a renter-driven pocket of South Austin where neighborhood occupancy trends are strong and amenity access is a clear differentiator. Built in 1982, the asset should compete well versus older nearby stock while likely benefiting from targeted system upgrades or interior improvements to sustain rent positioning. Within a 3-mile radius, growing household counts and smaller average household sizes point to an expanding tenant base for efficient units and support for occupancy stability.
According to CRE market data from WDSuite, the neighborhood ranks competitively within the metro and shows top-quartile national occupancy, while incomes and contract rents in the surrounding area have advanced, reinforcing leasing depth. Investors should underwrite thoughtfully for safety conditions and for ongoing capital planning, but the combination of location convenience, employer access, and renter concentration supports a durable, long-term thesis.
- Strong neighborhood occupancy and deep renter-occupied housing share support lease-up and retention
- 1982 vintage provides relative competitiveness vs. older stock with value-add potential through selective upgrades
- Amenity-dense location near major employers underpins demand from professional renters
- Demographic tailwinds within 3 miles — growing household counts and smaller household sizes expand the tenant base
- Risks: below-average safety metrics and limited park/pharmacy density; plan for security and asset improvements