| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 75th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5413 Menchaca Rd, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 112 |
| Transaction Date | 2005-11-28 |
| Transaction Price | $3,333,800 |
| Buyer | ROSE MERRIMAC LP |
| Seller | ROSE IRWIN R |
5413 Menchaca Rd Austin Multifamily Opportunity
Positioned in an inner-suburb pocket of South Austin with strong daily-needs access and steady renter demand, this asset benefits from neighborhood fundamentals that support occupancy stability. According to WDSuite’s CRE market data, elevated ownership costs in the area reinforce reliance on rental housing, aiding tenant retention and pricing discipline.
The surrounding neighborhood ranks 59 out of 527 in the Austin metro (A rating), indicating competitive standing among metro neighborhoods. Daily-needs access is a clear strength: grocery availability sits in the top quartile nationally, with restaurants, cafes, parks, and pharmacies also above national medians — a mix that supports renter convenience and lease retention.
Neighborhood-level occupancy is above the national median, reflecting stable leasing conditions; note that this occupancy figure describes the neighborhood, not the property. Renter concentration at the neighborhood level is moderate, while the 3-mile radius shows a larger share of renter-occupied housing units, suggesting a deeper tenant base for multifamily. Median asking rents in the neighborhood trend above national medians but remain in line with broader Austin dynamics, supporting absorption without overreliance on outsized concessions.
Within a 3-mile radius, households have expanded over the past five years, increasing the local renter pool and supporting demand for rental units. Looking ahead, forecasts indicate smaller average household sizes alongside a continued increase in household counts, which typically broadens the pool of prospective renters even if population trends are flat — an investor-relevant pattern for occupancy stability and lease-up resilience.
Home values in the neighborhood are elevated compared with national benchmarks and sit high relative to incomes. In investor terms, this high-cost ownership market tends to sustain multifamily demand and can support pricing power, while calling for attentive lease management to balance affordability pressure against retention goals.
Safety metrics for the neighborhood are below both metro medians and national percentiles, indicating higher reported crime relative to many Austin submarkets and U.S. neighborhoods. This reading is neighborhood-level, not property-specific, and should be weighed against the area’s amenity access and renter demand fundamentals.
Investors may consider practical mitigants such as on-site visibility, access control, and resident engagement, and compare trends to peer neighborhoods across the Austin metro for context. As always, review recent, neighborhood-level trend data and property-specific measures as part of underwriting.
Proximity to major corporate offices helps support renter demand through commute convenience and a diversified employment base. Nearby employers include Whole Foods Market, Oracle, State Farm, New York Life, and Coca-Cola.
- Whole Foods Market — corporate headquarters (4.5 miles) — HQ
- Oracle Waterfront — technology offices (4.8 miles)
- State Farm Insurance — insurance (4.9 miles)
- New York Life — insurance (9.5 miles)
- Coca-Cola — consumer goods offices (12.0 miles)
This South Austin location combines competitive neighborhood standing with daily-needs accessibility, supporting multifamily leasing and tenant retention. Neighborhood occupancy remains above national medians, and the 3-mile radius shows a sizable renter-occupied housing share, indicating depth in the tenant base. Elevated home values relative to incomes characterize a high-cost ownership market, which generally sustains renter reliance on multifamily and can underpin pricing power when paired with prudent lease management.
Household counts within 3 miles have grown and are projected to continue rising even as household sizes trend smaller — dynamics that typically expand the renter pool and support occupancy stability over time. Based on commercial real estate analysis using WDSuite’s CRE market data, amenities and employment access further reinforce the submarket’s long-term fundamentals, while safety metrics and changing household composition are key diligence items for underwriting.
- Competitive neighborhood standing with strong daily-needs access supports leasing and retention
- Above-median neighborhood occupancy and sizable renter base indicate demand depth
- High-cost ownership market bolsters rental demand and potential pricing power
- Risks: below-median neighborhood safety and shifting household patterns warrant close management