| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 42nd | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7247 Cameron Rd, Austin, TX, 78752, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7247 Cameron Rd, Austin TX — Renter-Demand Multifamily Position
Inner-suburban location with a deep renter base and neighborhood occupancy near the mid-90s supports stable leasing, according to WDSuite’s CRE market data. This positioning favors consistent demand while leaving room for value-add strategy over time.
Located in an inner suburb of Austin, the property benefits from a renter-heavy neighborhood that supports a broad tenant base and helps sustain occupancy. Neighborhood occupancy is reported around the mid-90s and the share of renter-occupied housing is notably high, which can contribute to leasing stability and renewal depth during typical cycles, based on WDSuite’s CRE market data.
Everyday convenience is solid: restaurants score well versus national peers, and grocery and pharmacy access trend above average. Parks, cafes, and childcare density are thinner locally, so on-site amenities and unit-level improvements may carry more weight in resident retention. Median contract rents and home values in the neighborhood sit modestly above national norms, reinforcing steady rental demand without the pricing extremes of the priciest coastal markets.
The 1973 vintage is older than the neighborhood’s average construction year. That age profile points to potential value-add and capital planning opportunities—modernization of interiors, building systems, and common areas can enhance competitive positioning against newer stock while addressing long-term maintenance.
Within a 3-mile radius, demographics indicate a growing and diversifying renter pool: households have expanded over the last five years and are projected to increase further, while average household size trends lower—both dynamics that can add depth to multifamily demand. Income levels have climbed and are projected to rise, supporting rent collections and measured pricing power. For investors conducting multifamily property research, the combination of household growth and rising incomes suggests durable demand fundamentals.
Neighborhood safety benchmarks trail national averages, with violent and property offense measures placing in lower national percentiles. However, year-over-year trends indicate improvement, with declines in both violent and property offense estimates compared with the prior year, according to WDSuite’s CRE market data.
Within the Austin metro (527 neighborhoods), the area sits around the middle of the pack on overall crime rankings. For underwriting, investors may consider enhanced lighting, access control, and resident engagement as practical mitigants that also support retention and lease-up.
Proximity to a diversified employment base supports renter demand and commute convenience, notably from Airgas, Coca-Cola, Whole Foods Market, Adobe, and Oracle Waterfront. These employers help anchor daytime populations and provide a consistent pipeline of workers who value close-in multifamily options.
- Airgas — industrial gases & supplies (3.6 miles)
- Coca-Cola — beverage distribution (4.3 miles)
- Whole Foods Market — corporate offices (5.4 miles) — HQ
- Adobe — software (5.4 miles)
- Oracle Waterfront — enterprise software offices (6.1 miles)
This 45-unit, 1973-vintage asset sits in a renter-concentrated inner suburb of Austin where neighborhood occupancy trends around the mid-90s. The surrounding area shows above-average access to daily conveniences (restaurants, groceries, pharmacies) and sustained rental demand supported by a large renter-occupied housing base. Within a 3-mile radius, households have been expanding and are projected to grow further as average household size declines—factors that typically widen the tenant funnel and support occupancy stability.
The older vintage creates clear value-add pathways: interior refreshes and system upgrades can improve competitive standing against younger stock while targeting rent lifts that remain aligned with local affordability. According to CRE market data from WDSuite, neighborhood rents and home values sit modestly above national norms, suggesting room for disciplined pricing without pushing beyond local income capacity. Investors should balance these positives against below-average safety benchmarks by incorporating pragmatic operational measures in underwriting.
- Renter-heavy neighborhood and mid-90s occupancy support consistent leasing
- 1973 vintage offers value-add potential through interior and systems upgrades
- 3-mile radius shows household growth and rising incomes, expanding the tenant base
- Daily-needs access (restaurants, groceries, pharmacies) aids retention and leasing velocity
- Risk: safety metrics trail national averages—plan for security and resident-experience investments