| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 82nd | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8001 W Highway 71, Austin, TX, 78735, US |
| Region / Metro | Austin |
| Year of Construction | 1984 |
| Units | 75 |
| Transaction Date | 1994-02-03 |
| Transaction Price | $62,500 |
| Buyer | MCGEE DONALD JOSEPH |
| Seller | KOCH FREDERICK E |
8001 W Highway 71 Austin Multifamily Investment
Neighborhood fundamentals point to durable renter demand and strong occupancy, according to CRE market data from WDSuite. High-cost ownership dynamics in the area support pricing power while keeping the renter pool engaged.
This Inner Suburb location in the Austin-Round Rock-Georgetown metro is competitive among Austin neighborhoods (134 out of 527 by overall rating), with neighborhood occupancy running very high and consistent. While these occupancy levels describe the neighborhood rather than the property, they generally translate into steadier lease-ups and lower downtime for similar assets.
Within a 3-mile radius, recent population growth coupled with an even faster increase in households indicates a larger tenant base and more renters entering the market. Projections through 2028 point to continued population gains and a notable rise in total households, reflecting smaller average household sizes and supporting multifamily absorption.
The neighborhood shows a meaningful renter-occupied share of housing units, suggesting a deep tenant base that supports demand stability. Home values and the value-to-income ratio are high relative to national norms, framing the area as a high-cost ownership market; this typically sustains reliance on rental housing and favors lease retention. At the same time, a rent-to-income profile near the lower end for comparable Austin neighborhoods implies less affordability pressure on renters, which can aid renewal velocity.
Local amenities are mixed: restaurants are reasonably accessible, parks score above national norms, and childcare density is comparatively strong. Immediate access to cafes, groceries, and pharmacies is limited within the neighborhood’s boundaries, so residents rely on nearby corridors for daily needs. For investors, this tends to place more emphasis on in-property conveniences and curb appeal to support leasing.
The asset’s 1984 vintage is slightly older than the neighborhood average year built. Investors should underwrite routine capital planning for building systems and consider value-add interior upgrades to sharpen competitive positioning against newer stock.
Safety indicators for the neighborhood track around the metro median, while sitting below the national median for safety. Recent trends are constructive: both property and violent offense estimates have moved lower year over year, which supports resident retention and leasing stability if the trajectory holds.
As with any asset-specific diligence, investors should rely on multi-year, neighborhood-level trend reviews and compare against peer submarkets in the Austin metro to contextualize risk and mitigation strategies.
- State Farm Insurance — insurance (3.1 miles)
- Whole Foods Market — corporate offices (8.1 miles) — HQ
- New York Life — insurance (9.1 miles)
- Oracle Waterfront — technology offices (9.8 miles)
Proximity to diversified corporate employment helps sustain weekday traffic and supports retention for workforce and professional renters. Nearby employers include State Farm Insurance, Whole Foods Market, New York Life, and Oracle Waterfront.
This 75-unit, 1984-vintage property benefits from neighborhood occupancy that is among the strongest in the metro and a renter base supported by high ownership costs. Within a 3-mile radius, population growth and a faster rise in total households point to a larger tenant base and steady renter pool expansion. According to WDSuite’s commercial real estate analysis, rent-to-income dynamics in this neighborhood indicate relatively manageable affordability pressure, which can aid renewals.
Given its slightly older vintage relative to the neighborhood average, the asset is a candidate for targeted value-add—systems maintenance and interior refreshes—to remain competitive versus newer stock. Amenity convenience is mixed locally, so on-site offerings and marketing to commuters working at nearby employers can support lease-up and retention.
- Strong neighborhood occupancy supports leasing stability and reduces downtime risk.
- High-cost ownership market reinforces renter reliance and pricing power.
- 3-mile radius shows growth in population and households, expanding the tenant base.
- 1984 vintage presents value-add potential via systems and interior updates.
- Risks: limited immediate retail/pharmacy access and safety metrics below national median; mitigate with on-site amenities and tenant screening.