| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 68th | Good |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7201 Wood Hollow Dr, Austin, TX, 78731, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 43 |
| Transaction Date | 2003-12-29 |
| Transaction Price | $37,875,000 |
| Buyer | AMERICAN OPPORTUNITIES HOUSING MEADOW CR |
| Seller | NBC OAK HOLLOW LTD |
7201 Wood Hollow Dr Austin Multifamily Investment
High neighborhood occupancy supports stable operations, according to WDSuite’s CRE market data, with the Inner Suburb location drawing consistent renter demand from nearby employment and daily-needs retail.
The property sits in an Inner Suburb pocket of Austin (B+ neighborhood rating) where occupancy is strong and turnover tends to be lower than metro averages. Neighborhood occupancy trends are well above national norms (92nd percentile), indicating depth of renter demand and potential for steady lease-up and retention. Median contract rents in the immediate neighborhood track around the upper-middle tier locally, suggesting room for selective value-add positioning rather than competing strictly on price.
Daily needs are well covered: grocery access is competitive among Austin neighborhoods (rank 65 of 527) and pharmacies are particularly dense (97th percentile nationally). Restaurant density is also strong (82nd percentile nationally), while parks, cafes, and childcare options are thinner within the immediate area. For investors, this mix points to convenience-driven livability that supports retention, with fewer lifestyle draws that may otherwise drive weekend traffic.
Vintage matters: built in 1973, the asset is slightly older than the local average stock (1977). Planning for exterior and systems upgrades, as well as interior modernization, can unlock value-add upside and improve competitive positioning against newer product.
Demographic statistics aggregated within a 3-mile radius indicate a growing and increasingly affluent renter base: the population has expanded in recent years, households have grown faster than population, and the median household income has risen meaningfully. Forecasts point to further household growth and smaller average household size, which typically supports a larger tenant base for multifamily. The area is majority renter-occupied within this radius, reinforcing depth of demand; however, a relatively elevated rent-to-income ratio in the neighborhood suggests some affordability pressure, so prudent lease management remains important.
Safety indicators are mixed when viewed against metro and national benchmarks. The neighborhood’s crime rank sits below the Austin metro median (rank 299 of 527), and national comparisons place it below the national median for overall safety (36th percentile). Violent offense metrics also trail national norms (15th percentile). Investors should underwrite sensible on-site measures and partner engagement.
That said, recent momentum shows improvement: property offense rates have declined year over year (approximately -33%), according to CRE market data from WDSuite. Continued monitoring of trend direction, rather than any single-year snapshot, is advisable for risk management and resident retention planning.
Proximity to established corporate offices helps sustain a diversified renter pool seeking commute convenience. Nearby employers include Coca-Cola, New York Life, Adobe, Airgas, and Whole Foods Market.
- Coca-Cola — corporate offices (2.1 miles)
- New York Life — insurance (2.9 miles)
- Adobe — software (3.5 miles)
- Airgas — industrial gases (4.2 miles)
- Whole Foods Market — grocery HQ (5.9 miles) — HQ
7201 Wood Hollow Dr offers exposure to an Inner Suburb location with strong neighborhood occupancy and convenient daily-needs access, supporting leasing stability and retention. Built in 1973, the asset presents clear value-add potential through modernization to compete more effectively with newer stock. According to CRE market data from WDSuite, neighborhood occupancy performance sits well above national norms, while the 3-mile radius shows expanding household counts and rising incomes—signals that typically bolster multifamily demand.
The nearby employment base and grocery/pharmacy density help sustain weekday and essentials-driven traffic, while rent levels suggest a positioning opportunity centered on quality and livability rather than discounting. Key to execution will be balancing upgrades with affordability sensitivity, given signs of higher rent-to-income ratios locally.
- Strong neighborhood occupancy and stable renter demand support cash flow durability
- 1973 vintage creates value-add and modernization upside to lift competitive set
- Essentials-rich location (grocery, pharmacy) and nearby employers aid retention
- Household growth within 3 miles and higher incomes expand the tenant base
- Risk: affordability pressure and below-median safety metrics warrant active management