| 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 | 44 |
| Transaction Date | 2021-02-09 |
| Transaction Price | $11,317,500 |
| Buyer | EAST AUSTIN 3 LLC |
| Seller | NEC AUSTIN 3 PACK LLC |
7247 Cameron Rd Austin Value-Add Multifamily Opportunity
Neighborhood data point to a deep renter base and solid occupancy at the neighborhood level, according to WDSuite’s CRE market data, supporting steady leasing for smaller-unit product. With compact floor plans and an inner-suburb location, the property aligns with demand from cost-conscious renters while leaving room for operational upside.
Located in Austin’s inner suburbs, the area surrounding 7247 Cameron Rd shows renter-driven dynamics: the neighborhood records a high share of renter-occupied housing units, which generally supports a larger tenant base and steadier renewal potential. Neighborhood occupancy is in the upper-mid range nationally, signaling demand that can support lease stability, based on CRE market data from WDSuite.
Amenity access skews practical rather than lifestyle-focused. Restaurant density is competitive, and grocery and pharmacy access rank above many areas nationally, while parks, cafes, and childcare are comparatively sparse. For investors, that mix suits workforce housing and everyday convenience, though limited park and cafe presence may temper lifestyle-driven premiums.
The asset’s 1973 vintage is older than the neighborhood’s average construction year (1985). That age profile often implies capital planning needs in systems and exteriors, but also potential value-add upside through targeted renovations and modernization that can enhance positioning versus older stock.
Within a 3-mile radius, demographics indicate a broad renter pool and rising incomes. Households have grown historically and are projected to increase further, while median incomes have trended higher; together these trends support depth of demand and potential for sustained occupancy. Home values in the neighborhood are elevated relative to many U.S. areas, which tends to reinforce reliance on rental options, aiding tenant retention and pricing power for well-run properties.
Safety metrics for the neighborhood are mixed. Compared with the Austin-Round Rock-Georgetown metro, the neighborhood ranks 305 out of 527 on crime, which is below the metro median. Nationally, overall safety sits around the lower third, and violent-offense comparisons place the area near the low end of national percentiles.
Recent trendlines are directionally positive: both property and violent offense rates have decreased year over year, according to WDSuite’s CRE market data. Investors typically evaluate security measures, lighting, and resident policies to support retention and minimize loss-to-lease from safety perceptions.
Nearby employment centers include distribution, consumer goods, tech, and retail headquarters that broaden the commuter base and can support leasing velocity. The list below highlights proximate employers relevant to workforce and professional renters.
- Airgas — industrial gases (3.6 miles)
- Coca-Cola — consumer beverages (4.3 miles)
- Whole Foods Market — retail & corporate offices (5.4 miles) — HQ
- Adobe — software (5.5 miles)
- Oracle Waterfront — enterprise software offices (6.1 miles)
This 44-unit property with compact average unit sizes caters to price-sensitive renters seeking efficient floor plans near established employment corridors. Neighborhood occupancy performs in the upper-mid range nationally and renter concentration is high, indicating depth of tenant demand and potential for steady renewals. According to CRE market data from WDSuite, amenity access favors groceries, pharmacies, and restaurants, which supports daily convenience even as parks and cafes are limited.
The 1973 vintage suggests clear value-add potential through system updates and in-unit refreshes that can strengthen competitive positioning and rents relative to older stock. Within a 3-mile radius, household counts have grown historically and are projected to expand further alongside rising incomes, pointing to a larger renter pool and support for occupancy and rent growth management over time. Key risks include safety perceptions and selective amenity gaps, which may require targeted property-level enhancements and thoughtful leasing strategy.
- Renter-heavy neighborhood and upper-mid national occupancy support demand depth and renewal stability.
- 1973 vintage offers value-add and capex-driven upside to reposition against older competing stock.
- Proximity to diversified employers underpins leasing velocity for workforce and professional renters.
- 3-mile household and income growth expand the tenant base, supporting pricing power over time.
- Risks: below-metro-average safety metrics and limited parks/cafes may necessitate enhanced on-site measures and focused marketing.