| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 50th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8001 Gessner Dr, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 56 |
| Transaction Date | 2015-11-18 |
| Transaction Price | $2,212,500 |
| Buyer | GWV HAVEN LLC |
| Seller | STASIA AMERICA PROPERTIES INC |
8001 Gessner Dr Austin Multifamily with Stable Renter Demand
Neighborhood occupancy is elevated (measured for the neighborhood, not the property), supporting leasing stability according to WDSuite’s CRE market data. A high share of renter-occupied housing in the immediate area points to a deep tenant base for sustained multifamily demand.
This Inner Suburb location in Austin balances daily convenience with investment fundamentals. Neighborhood occupancy is in the top quartile nationally, indicating steady absorption and lower downtime between turns relative to many areas, per WDSuite’s commercial real estate analysis of the neighborhood (not the property). The renter-occupied share is high at the neighborhood level, which generally supports a consistent pool of prospects and helps stabilize leasing.
Food access is a relative strength: grocery and restaurant density benchmark in the top quartile nationally, suggesting walkable or short-drive options for residents. Other amenities such as cafes, pharmacies, parks, and childcare are thinner locally, which may moderate lifestyle appeal and should be considered when positioning amenities and services at the asset.
Within a 3-mile radius, households have grown over the past five years and are projected to continue increasing by 2028, while average household size trends smaller. That combination typically expands the renter pool and supports occupancy stability. Median incomes in the 3-mile area have risen meaningfully, which can underpin renewal velocity, though operators should monitor price sensitivity as conditions evolve.
Ownership costs screen high for the neighborhood compared with incomes (a high value-to-income ratio ranks among the top tier nationally). In practical terms, a high-cost ownership market often sustains reliance on rental housing, aiding tenant retention and providing some pricing power for well-maintained, appropriately positioned assets.
Safety benchmarks for the neighborhood trend below national averages, with both violent and property offense rates comparing weaker than many U.S. neighborhoods. Recent year-over-year readings show improvement, with declines in estimated violent and property offenses, which is a constructive signal to watch. Investors should underwrite with prudent security measures and consider visibility, lighting, and property management practices that support resident comfort.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience for residents. The list below highlights prominent employers within a roughly 2–7 mile radius that can contribute to leasing depth and retention.
- Airgas — industrial gases (2.7 miles)
- Coca-Cola — beverage (3.0 miles)
- Adobe — software (4.2 miles)
- Whole Foods Market — grocery corporate (5.8 miles) — HQ
- New York Life — insurance (5.9 miles)
The investment case centers on durable renter demand and strong neighborhood occupancy. According to CRE market data from WDSuite, neighborhood occupancy benchmarks in the top quartile nationally, and the area’s high share of renter-occupied units signals depth in the tenant base. Within a 3-mile radius, household counts have increased and are projected to continue rising by 2028, while smaller household sizes point to more renters entering the market—supportive of lease-up and renewal stability.
Homeownership screens relatively expensive in this neighborhood versus incomes, which typically reinforces demand for multifamily housing. Operators should balance this tailwind against affordability pressure indicated by rent-to-income metrics and the area’s below-average safety benchmarks. Amenity access is mixed—strong for groceries and restaurants but lighter for parks, pharmacies, cafes, and childcare—so property-level amenities and services can be a differentiator.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 3-mile household growth and smaller household sizes expand the renter pool
- High-cost ownership market favors sustained multifamily demand and retention
- Grocery and restaurant density aids daily convenience and resident satisfaction
- Risks: below-average safety benchmarks and affordability pressure require active management