| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 53rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 714 Turtle Creek Blvd, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 96 |
| Transaction Date | 2020-12-16 |
| Transaction Price | $11,062,500 |
| Buyer | 714 TURTLE CREEK LP |
| Seller | ARTS APARTMENTS AT TURTLE CREEK LLC |
714 Turtle Creek Blvd Austin Multifamily Investment with Stable Occupancy
Neighborhood occupancy trends are strong and renter demand is deep relative to Austin peers, according to WDSuite’s CRE market data, supporting steady income performance for a 96-unit asset in a high-cost ownership pocket.
The property sits in an Inner Suburb location that rates A- and ranks 87 out of 527 Austin metro neighborhoods, placing it in the top quartile locally. For investors, that position reflects solid overall livability and demand drivers without paying core-urban pricing.
Daily-needs access is a clear strength: grocery and pharmacy density rank 29th and 5th out of 527 metro neighborhoods, respectively, with national placement near the 99th percentile. Parks are also abundant (8th of 527). Restaurant options are competitive in the metro and above national norms, while café density is comparatively limited.
Multifamily performance metrics are favorable at the neighborhood level. Occupancy is high and in the top quartile nationally, reinforcing leasing stability. The share of housing units that are renter-occupied is substantial (about two-thirds), indicating a large tenant base and depth of demand for smaller units. Median contract rents sit above many U.S. neighborhoods, while home values and a high value-to-income ratio signal a high-cost ownership market that can sustain rental demand and retention.
Within a 3-mile radius, demographics show households increased over the past five years and are projected to continue rising even as population is roughly flat—implying smaller household sizes and a larger pool of renters entering the market. Incomes have trended higher and are forecast to grow further, supporting rent levels and helping manage affordability pressure where rent-to-income ratios hover around the mid‑20s.
School ratings in the area track below national averages, which may matter for some family renters, but proximity to everyday amenities and steady renter concentrations support consistent occupancy and leasing velocity.
Safety indicators for the neighborhood are weaker than both the metro median and national norms. The area ranks in the lower tier among 527 Austin neighborhoods and around the lower quartile nationally, signaling relatively higher reported crime compared with many peer locations.
Recent trend signals are mixed: estimated property crime has edged down year over year, while estimated violent crime increased over the same period. Investors typically account for this by underwriting slightly higher security and loss-prevention costs and focusing on operational measures that support resident retention.
- Oracle Waterfront — software offices (4.6 miles)
- Whole Foods Market — grocery HQ operations (5.0 miles) — HQ
- State Farm Insurance — insurance services (5.5 miles)
- New York Life — financial services (10.4 miles)
- Coca-Cola — beverage offices (12.6 miles)
This 96-unit asset benefits from a neighborhood with top‑quartile occupancy nationally and above‑median standing within the Austin metro, supporting steady leasing and income durability. A sizable share of renter-occupied housing units indicates a deep tenant base, while elevated ownership costs in the area help sustain multifamily demand and lease retention. According to CRE market data from WDSuite, amenity access is a differentiator—groceries, pharmacies, parks, and dining are dense relative to both metro and national benchmarks—bolstering day-to-day livability and competitive positioning.
Within a 3-mile radius, households have grown and are projected to expand further even as population remains roughly flat, pointing to smaller household sizes and continued renter pool expansion. Income growth trends support the ability to absorb rents, though investors should factor in modest affordability pressure and underwrite for security measures given safety metrics that lag the metro.
- High neighborhood occupancy and above‑median metro standing support cash flow stability
- Large renter-occupied share indicates depth of tenant demand
- Dense daily-needs amenities enhance leasing velocity and retention
- Household growth within 3 miles and rising incomes reinforce long‑term demand
- Risk: Safety metrics trail metro averages; budget for security and loss‑prevention