| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 58th | Fair |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4501 E Riverside Dr, Austin, TX, 78741, US |
| Region / Metro | Austin |
| Year of Construction | 1997 |
| Units | 28 |
| Transaction Date | 2011-11-18 |
| Transaction Price | $12,857,500 |
| Buyer | POST RIVERSIDE COUNTRY CLUB LP |
| Seller | POST RIVERSIDE COUNTRY CLUB LLC |
4501 E Riverside Dr Austin Multifamily Opportunity
Neighborhood indicators point to a deep renter base and steady occupancy measured for the surrounding area, supporting demand for mid-sized assets, according to WDSuite s CRE market data.
Positioned in Austin s inner-suburban Riverside corridor, the property benefits from strong renter-occupied housing concentration at the neighborhood level, which translates into a broad tenant base for multifamily owners. Neighborhood occupancy trends sit slightly above national medians, signaling generally stable leasing conditions rather than late-cycle softness, based on CRE market data from WDSuite.
Day-to-day livability is supported by practical amenities: neighborhood metrics show solid access to groceries, pharmacies, and childcare relative to many U.S. locations, while restaurant, caf E9, and park density is lighter. For investors, this combination tends to favor workforce-oriented demand and commuter convenience more than lifestyle-driven leasing. The average school rating indicator is limited in this area; investors typically underwrite more conservatively on school-driven premiums as a result.
The submarket s housing stock skews slightly older than the subject s 1997 construction year (neighborhood average vintage is earlier). That positioning can help the asset compete on finishes and systems versus nearby 1980s/early-1990s inventory, while still warranting prudent capital planning for modernization as the property ages.
Within a 3-mile radius, demographics show households increased over the last five years even as population edged down, indicating smaller household sizes and a shift toward more single- and two-person renter households. Forward-looking projections point to increases in population, households, and incomes in the same radius, which supports renter pool expansion and sustained occupancy for well-managed assets. Elevated home values in the neighborhood context suggest a high-cost ownership market, which tends to reinforce reliance on rental housing and can bolster lease retention.
Safety indicators for the neighborhood are below national medians, with both property and violent offense rates benchmarking weaker than many U.S. neighborhoods. Compared with the Austin metro, the area performs below the metro median among 527 neighborhoods, so investors typically account for enhanced security, lighting, and operating practices when underwriting.
Recent trend data is constructive: estimated rates declined year over year for both property and violent offenses, according to WDSuite s CRE market data. While this does not eliminate risk, it indicates momentum that can support leasing and retention when paired with professional on-site management.
Proximity to major employers supports commuter convenience and leasing stability, with nearby corporate offices spanning enterprise software, grocery headquarters, insurance, and consumer beverages.
- Oracle Waterfront D enterprise software (0.7 miles)
- Whole Foods Market D grocery headquarters (3.2 miles) D HQ
- State Farm Insurance D insurance (9.5 miles)
- New York Life D insurance (9.6 miles)
- Coca-Cola D beverages (10.2 miles)
This 28-unit, 1997-vintage asset sits in a renter-dense Austin neighborhood where occupancy is modestly above national medians and daily-needs amenities are accessible. The vintage positions the property competitively versus older local stock while still calling for targeted modernization to sustain rent positioning. Within a 3-mile radius, the outlook shows growth in households and incomes, supporting a larger tenant base and ongoing demand for professionally managed multifamily, according to commercial real estate analysis from WDSuite.
Proximity to major employers along the Riverside and Downtown corridors strengthens leasing fundamentals, while a high-cost ownership backdrop supports renter reliance on multifamily housing and can aid retention. Key risks include weaker neighborhood safety benchmarks and thinner restaurant/park density, which argue for disciplined operations and amenity programming in the business plan.
- Renter-heavy neighborhood and occupancy near the national high-50s percentile support demand depth
- 1997 construction offers competitive positioning versus older local stock with targeted value-add potential
- Household and income growth within 3 miles point to renter pool expansion and pricing resilience
- Employer proximity (Oracle, Whole Foods, insurance/consumer firms) supports commuter demand and retention
- Risks: below-median safety indicators and lighter park/dining density require active management