| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 22nd | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7418 Cameron Rd, Austin, TX, 78752, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | 1996-10-01 |
| Transaction Price | $287,800 |
| Buyer | RITES OF PASSAGE DEVELOPMENT CORP |
| Seller | AUSTIN HOUSING FINANCE CORP |
7418 Cameron Rd Austin Multifamily Investment
Neighborhood occupancy is solid and renter concentration is elevated, supporting stable leasing potential according to WDSuite’s CRE market data. Ownership options nearby can temper pricing power, so asset performance will hinge on retention and operational execution.
Positioned in an Inner Suburb of Austin, the property benefits from access to major employment corridors while daily conveniences are more drive-to than walk-to. Restaurant density trends in the upper third nationally, but limited immediate cafe, grocery, park, and pharmacy counts indicate residents are likely to rely on nearby arterials for essentials rather than on-block retail.
For investors, the neighborhood’s occupancy rate stands in the top quartile nationally, reinforcing expectations for lease-up and renewal stability. The share of housing units that are renter-occupied is notably high (ranked 53rd among 527 metro neighborhoods), signaling a deep tenant base that supports both conventional and efficient unit layouts.
Within a 3-mile radius, households have increased over the last five years and are projected to continue rising, alongside a decline in average household size. This combination points to a larger tenant base and steady demand for rental units, particularly smaller formats that emphasize value and functionality. Median contract rents in the 3-mile radius have trended upward across the cycle, underscoring durable renter demand when paired with professional management.
Home values in the surrounding area are comparatively accessible, which can introduce competition from ownership. For investors, that dynamic typically elevates the importance of refreshed interiors, thoughtful amenities, and responsive operations to sustain retention and minimize concessions.
Safety indicators are mixed relative to metro and national benchmarks. The neighborhood sits below the metro median for crime and in lower national tiers, which warrants conservative assumptions for on-site security and lighting. That said, recent data show property offenses declining year over year, an encouraging directional trend to monitor over subsequent periods.
Investors should pair these directional trends with local due diligence (e.g., recent reports and time-of-day observations) to calibrate risk management and operating budgets without overreliance on a single period’s data.
A diversified employment base nearby supports renter demand and commute convenience, anchored by Airgas, Coca-Cola, Adobe, Whole Foods Market, and Oracle. Proximity to these offices can aid leasing velocity and retention among workforce and professional tenants.
- Airgas — industrial gases and distribution (3.5 miles)
- Coca-Cola — beverage offices (4.2 miles)
- Adobe — software offices (5.3 miles)
- Whole Foods Market — grocery corporate offices (5.5 miles) — HQ
- Oracle Waterfront — enterprise software campus (6.3 miles)
7418 Cameron Rd is a 40-unit multifamily property built in 1984—older than the neighborhood’s average vintage—creating clear pathways for value-add interior upgrades and targeted systems improvements. According to CRE market data from WDSuite, neighborhood occupancy is in the top quartile nationally and renter concentration ranks among the highest in the Austin metro, supporting depth of demand and renewal stability when operations are executed well.
Within a 3-mile radius, household growth and a trend toward smaller household sizes point to ongoing renter pool expansion, favoring efficient floor plans and professionally managed communities. At the same time, comparatively accessible home values can introduce competition from ownership, and the amenity and safety profiles argue for disciplined asset management, enhanced curb appeal, and prudent security planning.
- Top-quartile neighborhood occupancy and high renter-occupied share support leasing stability
- 1984 vintage enables value-add scope across interiors and building systems
- 3-mile radius shows growing, smaller-household renter base favoring efficient layouts
- Nearby corporate employment nodes bolster demand and reduce commute frictions
- Risks: amenity depth, mixed safety readings, and ownership competition call for strong management and underwriting discipline