| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 50th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8033 Gessner Dr, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1979 |
| Units | 52 |
| Transaction Date | 2015-04-15 |
| Transaction Price | $3,450,000 |
| Buyer | TRIFECTA SQUARE APARTMENTS LLC |
| Seller | AUSTIN MULTIFAMILY INVESTMENT |
8033 Gessner Dr, Austin Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand, with occupancy stability and a sizable renter base in the immediate area, according to WDSuite’s CRE market data. Positioning focuses on serving workforce tenants where nearby amenities and pricing dynamics support steady leasing.
The property sits in Austin’s Inner Suburb fabric of Travis County, where neighborhood occupancy trends are strong. The surrounding neighborhood reports high occupancy relative to peers (top quartile nationally), indicating resilient leasing conditions and fewer extended vacancies across nearby assets. Rents in this pocket remain positioned for working households, which supports steady absorption during typical turnover cycles.
Local living patterns skew toward renting, signaling a deep tenant pool. Within a 3-mile radius, demographics show a large base of working-age residents and continued household growth alongside smaller average household size, which together point to renter pool expansion and support for occupancy stability. Median household incomes have risen over the last five years, and contract rents have also advanced, suggesting investors should plan for balanced pricing strategies and ongoing lease management.
Access to daily needs is serviceable: grocery and restaurant density score well against national peers, while parks, pharmacies, cafes, and childcare are thinner. For investors, this mix means everyday convenience for residents with some amenity gaps that value-add operators can offset on-site through resident services or community features.
Home values in the neighborhood test above national norms, and the value-to-income ratio sits in the top quartile nationally. In practice, a high-cost ownership market tends to sustain multifamily demand and can aid lease retention and pricing power, particularly for well-managed workforce product. The asset’s 1979 construction is slightly older than the neighborhood average (1982), implying potential capital planning and renovation upside to sharpen competitiveness versus newer stock.
Safety indicators for the neighborhood are below the metro median among 527 Austin–Round Rock–Georgetown neighborhoods, and compare weaker than the national average. However, recent trend data shows estimated violent and property offenses declining year over year, which investors often read as a constructive directional signal. As with many urban-adjacent submarkets, performance can vary block to block; underwriting should reflect property-level controls, lighting, and resident programming alongside neighborhood trends.
- Airgas — industrial gases (2.6 miles)
- Coca-Cola — beverage operations (3.0 miles)
- Adobe — software (4.1 miles)
- New York Life — insurance (5.9 miles)
- Whole Foods Market — grocery corporate offices (5.9 miles) — HQ
Nearby corporate offices provide a meaningful employment base that supports renter demand and commute convenience, particularly for roles tied to industrial, beverage, technology, insurance, and grocery operations.
8033 Gessner Dr aligns with a renter-oriented submarket where neighborhood occupancy trends rank among the stronger cohorts nationally, supporting leasing stability. Household growth within a 3-mile radius and smaller average household sizes indicate more renters entering the market, which can expand the tenant base. Elevated ownership costs in the neighborhood further reinforce reliance on rentals, potentially aiding retention and measured pricing power. According to CRE market data from WDSuite, the asset’s 1979 vintage suggests value-add and systems modernization opportunities to enhance competitive positioning against newer properties.
Key considerations include below-median safety metrics for the metro and evidence of affordability pressure, which argues for disciplined lease management and targeted community programming. Amenity gaps in parks, pharmacies, and cafes create room for on-site enhancements that improve resident experience and bolster retention.
- High neighborhood occupancy and deep renter base support leasing stability
- Household growth within 3 miles points to a larger tenant pool over time
- High-cost ownership context reinforces demand for professionally managed rentals
- 1979 vintage offers value-add and capital planning upside versus newer stock
- Risks: below-median safety metrics and affordability pressure require focused operations