| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 53rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 711 Eberhart Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 2021-06-03 |
| Transaction Price | $3,498,700 |
| Buyer | OPPM ENTERPRISES LLC |
| Seller | QUINN CHARLES LLC |
711 Eberhart Ln Austin Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data. The area’s strong renter concentration and elevated ownership costs support leasing stability for a 1972, 25-unit asset.
This Inner Suburb location ranks 87 out of 527 Austin neighborhoods (A-), placing it in the top quintile for overall neighborhood performance. Occupancy in the neighborhood is competitive among Austin neighborhoods and sits in the top quartile nationally, a backdrop that supports income durability for stabilized multifamily assets.
Daily needs are well-covered: grocery access, parks, and pharmacies rank among the top quartile citywide, with national percentiles in the high 90s. Restaurant density is also strong compared to many U.S. neighborhoods, while cafés are comparatively limited—suggesting more practical amenity coverage than boutique options.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1984). Investors should underwrite for capital improvements and potential value-add to enhance competitiveness against newer stock, especially in unit finishes, building systems, and common-area appeal.
Tenure patterns indicate depth in the renter base: the neighborhood shows a high share of renter-occupied housing units, and within a 3-mile radius, renters account for a majority of occupied units. Coupled with elevated home values relative to local incomes (high national percentile value-to-income) and a rent-to-income ratio that signals manageable affordability pressure, this mix can support retention and pricing discipline. Median contract rents and incomes in the 3-mile radius have risen over the last five years, while average household size is declining—factors that can expand the renter pool for smaller formats.
Demographics within a 3-mile radius show a broad working-age profile and a slight decline in population alongside an increase in households, pointing to smaller household sizes rather than contraction in housing demand. Forecasts indicate further growth in households and rising incomes over the next five years, which can support occupancy stability and lease-up velocity even as units compete on quality and location fundamentals.
School ratings in the neighborhood are below average versus national peers, which may reduce appeal for family-oriented renters but is less impactful for studios and one-bedrooms aimed at younger professionals or downsizers.
Safety indicators for the neighborhood are below national averages, with crime performance in the lower national percentiles. Within the Austin metro, the area ranks 425 out of 527 neighborhoods, signaling higher reported crime than many local peers. Investors should consider standard security measures and tenant-experience enhancements when budgeting.
Recent data show mixed trends: estimated property offenses have edged down year over year, while estimated violent offenses have increased, indicating volatility. Underwriting should account for operational practices (lighting, access control, cameras) and market positioning to support leasing and retention.
The employment base nearby includes technology, consumer goods, and insurance offices that broaden the renter catchment and support lease stability for workforce and professional tenants. Notable employers with practical commute ranges include Oracle, Whole Foods Market, State Farm, New York Life, and Coca-Cola.
- Oracle Waterfront — software & cloud (4.9 miles)
- Whole Foods Market — grocery corporate (5.2 miles) — HQ
- State Farm Insurance — insurance (5.3 miles)
- New York Life — insurance (10.6 miles)
- Coca-Cola — beverage (12.9 miles)
Positioned in an Inner Suburb submarket with competitive occupancy and a high share of renter-occupied housing, this 25‑unit property benefits from durable renter demand and elevated ownership costs that reinforce reliance on multifamily housing. Household counts within a 3-mile radius have been rising even as population edges down, indicating smaller household sizes and a broader renter pool for compact units—well aligned with the asset’s smaller average unit sizes. Based on CRE market data from WDSuite, neighborhood occupancy trends are strong versus national norms, supporting income stability for well-operated properties.
Constructed in 1972, the asset presents value-add and capital planning angles to close the gap with newer competition. Nearby employers in technology, insurance, and consumer goods provide diverse demand drivers and commute convenience, while below-average school ratings and safety metrics warrant thoughtful positioning, security, and amenity strategy to sustain leasing momentum.
- Competitive neighborhood occupancy and strong renter concentration support income stability
- 1972 vintage offers value-add potential through renovations and systems upgrades
- Elevated home values versus incomes sustain rental demand and pricing discipline
- Diverse nearby employers broaden the tenant base and aid retention
- Risks: below-average safety and school ratings; requires proactive operations and positioning