| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 50th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8005 Georgian Dr, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 88 |
| Transaction Date | 1999-07-30 |
| Transaction Price | $2,516,300 |
| Buyer | PHILLIPS DAVID |
| Seller | GEORGIAN EQUITIES LP |
8005 Georgian Dr, Austin Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an Inner Suburb pocket of North Austin.
This Inner Suburb location in North Austin benefits from durable renter demand and high neighborhood occupancy (reported near the top decile nationally), per commercial real estate analysis from WDSuite. The area shows a very high share of renter-occupied housing units, indicating a broad tenant base and potential for steady lease-up and renewal activity. Median contract rents trend around the middle of the national distribution, supporting pragmatic pricing while maintaining demand depth.
Livability is anchored by everyday conveniences: neighborhood data indicate restaurant access is strong relative to national norms, while grocery availability is also competitive among Austin neighborhoods. However, park, pharmacy, and cafe density are comparatively limited in the immediate neighborhood, which may modestly affect lifestyle appeal for some renters. Average school ratings in the surrounding area are on the weaker side; for family-oriented leasing strategies, operators may need to emphasize other value drivers such as unit renovations, on-site amenities, or commute convenience.
Within a 3-mile radius, demographics show households have increased in recent years and are expected to continue expanding, even as average household size trends smaller. This combination typically broadens the pool of prospective renters and supports occupancy stability. Home values in the neighborhood sit in a higher national percentile while household incomes trail many U.S. neighborhoods, creating a high-cost ownership market that tends to sustain reliance on multifamily rentals and can bolster retention for well-managed assets.
Relative to the Austin metro, the neighborhood’s overall rating sits around the middle of the pack (C+; rank 347 of 527), but with notable strengths: occupancy ranks in the top tier of local neighborhoods and national percentiles, and restaurant and grocery access are “above metro median.” These fundamentals point to resilient baseline demand, with operational upside achievable through careful expense control and targeted value-add where returns warrant.
Safety indicators in this neighborhood track below national norms, with crime levels placing it outside the safer national percentiles. That said, WDSuite’s data show estimated year-over-year declines in both violent and property offenses, suggesting improvement momentum that owners and managers can monitor as part of risk assessment and leasing strategy.
Within the Austin metro context (527 neighborhoods total), the area’s crime rank places it below the metro average, so operators should budget for security-conscious property management and emphasize well-lit common areas, access controls, and coordinated community engagement. Continued improvement trends would be a constructive signal for long-term risk mitigation.
Proximity to diversified employers supports leasing from a broad workforce renter base. Nearby corporate offices include Airgas, Coca-Cola, Adobe, New York Life, and Whole Foods Market, offering commute convenience that can aid tenant retention.
- Airgas — industrial gases (2.6 miles)
- Coca-Cola — beverages (2.9 miles)
- Adobe — software (4.0 miles)
- New York Life — insurance (5.8 miles)
- Whole Foods Market — corporate offices (5.9 miles) — HQ
The investment case centers on durable renter demand in a high-occupancy Austin Inner Suburb with a large renter-occupied housing base. Neighborhood occupancy is reported in a high national percentile, and everyday amenities like restaurants and groceries are competitive locally, which supports leasing and renewal prospects. According to CRE market data from WDSuite, ownership costs in the area are elevated relative to incomes, reinforcing reliance on rental housing and lending support to pricing power for well-managed assets.
Forward-looking demographics within a 3-mile radius suggest more households and smaller average household sizes, which typically expand the renter pool and support occupancy stability. Execution should account for below-average school ratings and safety metrics by emphasizing on-site operational quality, thoughtful renovations, and security-focused property management.
- High neighborhood occupancy and deep renter base support stable leasing
- Elevated ownership costs versus incomes sustain multifamily demand and retention
- Household growth and smaller sizes within 3 miles broaden the renter pool
- Nearby employers in diverse sectors underpin workforce housing demand
- Risks: below-national safety and weaker school ratings require security-forward, value-driven operations