| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 75th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5426 Menchaca Rd, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 59 |
| Transaction Date | 2016-10-12 |
| Transaction Price | $5,500,000 |
| Buyer | SLL Manchaca Apartments LLC |
| Seller | 5426 Manchaca LLC |
5426 Menchaca Rd Austin 59-Unit Multifamily Investment
Neighborhood occupancy around 94% and strong amenity access point to durable renter demand, according to WDSuite’s CRE market data. With elevated ownership costs nearby, this Inner Suburb location supports pricing power and retention potential.
Located in Austin’s Inner Suburb, the property benefits from an A-rated neighborhood that ranks 59 out of 527 metro neighborhoods, signaling broadly favorable livability and renter fundamentals for investors. Amenity access is a relative strength, with the area’s amenity rank at 43 of 527 (top quartile among metro neighborhoods) and national amenity measures in the upper percentiles, which helps leasing and tenant retention.
Daily needs are well covered: grocery access is particularly strong (competitive nationally), and parks, pharmacies, and cafes are present at levels that compare favorably to many U.S. neighborhoods. Average school ratings are moderate (about 3.0 out of 5), which is serviceable for workforce and young professional renter profiles. Neighborhood contract rents trend above national medians while remaining below Austin’s most premium submarkets, supporting a balanced leasing story informed by multifamily property research from WDSuite.
The neighborhood’s renter concentration is meaningful (neighborhood share of renter-occupied housing units is elevated relative to many peers), which supports depth of the tenant base. Home values in the neighborhood sit at higher national percentiles with a value-to-income ratio near the upper range, indicating a high-cost ownership market; that context typically reinforces reliance on multifamily housing and can aid lease retention.
Within a 3-mile radius, demographics show a stable overall population alongside a notable increase in households over the last five years, with forecasts calling for further household growth and smaller average household sizes. For investors, that combination points to a larger tenant base and steadier absorption potential even if headcounts are flat, supporting occupancy stability and ongoing renter pool expansion.
Vintage matters: the asset was built in 1973, slightly older than the neighborhood’s average construction year (1980). Investors should plan for targeted capital projects and consider value-add renovations to enhance competitive positioning versus newer stock while leveraging the area’s occupancy and amenity strengths.
Safety indicators for the neighborhood track below national norms and below the metro median. The area ranks 427 out of 527 Austin metro neighborhoods for crime, indicating comparatively higher incident rates within the region.
Nationally, the neighborhood’s safety profile aligns with lower percentiles, with violent and property offenses positioned in the lower decile ranges compared to U.S. neighborhoods. Investors typically underwrite with enhanced security, lighting, and property management focus in similar contexts, and may prioritize tenant communications and site-level measures to support retention.
Proximity to major employers supports a broad renter base and commute convenience, with nearby roles spanning grocery headquarters, enterprise software, and insurance. The following employers are among the closest demand drivers.
- Whole Foods Market — grocery HQ (4.6 miles) — HQ
- Oracle Waterfront — enterprise software (4.9 miles)
- State Farm Insurance — insurance (4.9 miles)
- New York Life — insurance (9.5 miles)
- Coca-Cola — consumer beverages (12.0 miles)
5426 Menchaca Rd offers scale at 59 units in an A-rated Austin neighborhood with amenity depth and neighborhood occupancy near 94%, supporting steady leasing and retention. Elevated home values in the area point to a high-cost ownership market, which tends to sustain multifamily demand and pricing power, based on CRE market data from WDSuite. The 1973 vintage suggests clear value-add potential through interior updates and systems upgrades to sharpen competitiveness against newer assets.
Within a 3-mile radius, households have grown and are projected to rise further even as average household sizes decline, expanding the renter pool and supporting occupancy stability over time. Nearby employment nodes — including grocery headquarters, enterprise software, and insurance — provide diversified white-collar demand that can help smooth leasing through cycles.
- Occupancy near 94% in the neighborhood supports income stability versus metro peers.
- High-cost ownership market reinforces reliance on rentals, aiding retention and pricing power.
- 1973 vintage provides value-add and capex-driven upside to compete with newer stock.
- Risks: below-median safety metrics and aging systems require proactive management and capital planning.