| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 53rd | Fair |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 806 Eberhart Ln, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1990 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
806 Eberhart Ln, Austin TX Multifamily Investment
Neighborhood multifamily occupancy is strong at 97.8% and renter concentration is high, supporting stable demand according to WDSuite s CRE market data. Positioned in Austin s inner suburb, the asset benefits from nearby amenities and a deep renter base relative to metro peers.
This inner-suburban pocket of Austin ranks 87 out of 527 metro neighborhoods (A- rating), placing it in the top quartile among Austin neighborhoods for overall livability and investment appeal. Amenity access is a clear strength: grocery stores, parks, pharmacies, and restaurants all score in high national percentiles, indicating daily needs and lifestyle options are close at hand. By contrast, average school ratings in the area are below national norms, which may matter for family-oriented renters.
For investors, local multifamily fundamentals look supportive. Neighborhood occupancy is 97.8% (88th percentile nationally), and the share of housing units that are renter-occupied is elevated at 65.3% (96th percentile nationally), pointing to a deep and sustained tenant base. Median contract rents in the neighborhood sit above national medians while the rent-to-income ratio around 26% suggests manageable affordability pressure that can aid retention and reduce turnover risk.
Property vintage also matters. Built in 1990, the asset is newer than the neighborhood s average construction year of 1984, which can be a competitive advantage versus older stock. Investors should still plan for typical mid-life upgrades and systems modernization to support leasing competitiveness and potential value-add repositioning.
Demographic statistics aggregated within a 3-mile radius show households have expanded over the past five years, even as average household size has moderated. This mix of growing household counts and smaller households supports a larger tenant base for smaller-format units and can underpin occupancy stability. Elevated home values in the neighborhood (high-cost ownership market relative to income) further reinforce reliance on multifamily housing, supporting pricing power and lease retention for well-managed assets.
Safety indicators for the neighborhood trail national benchmarks, with ranks placing the area below the metro median. While recent data show a slight year-over-year improvement in property offenses, overall crime levels remain elevated compared with safer Austin submarkets and with neighborhoods nationally. Investors should underwrite to prudent security, lighting, and access-control measures and monitor trends as the area evolves.
Proximity to major employers supports commute convenience and leasing durability, with a concentration of corporate offices and insurance firms that broaden the renter pool.
- Oracle Waterfront corporate offices (4.9 miles)
- Whole Foods Market grocery corporate offices (5.2 miles) HQ
- State Farm Insurance insurance (5.3 miles)
- New York Life insurance (10.6 miles)
- Coca-Cola beverages corporate offices (12.8 miles)
806 Eberhart Ln is a 38-unit, 1990-vintage multifamily asset positioned in an amenity-rich inner suburb of Austin. Neighborhood performance indicators point to durable demand: occupancy is in the high-90s, renter-occupied housing share is elevated, and ownership costs are comparatively high for the area. Together, these dynamics support leasing stability and potential pricing power relative to older product nearby, according to CRE market data from WDSuite.
Within a 3-mile radius, household counts have grown while average household size has declined, signaling a larger renter pool and sustained need for smaller-format units. Looking ahead, continued rent growth and rising household incomes in the trade area support a straightforward value-add or modernization thesis, while investors should budget for mid-life systems and unit refreshes consistent with a 1990 vintage.
- High neighborhood occupancy and strong renter concentration support stable cash flow
- Amenity-rich location (grocery, parks, pharmacies, dining) enhances leasing and retention
- 1990 vintage offers competitive positioning versus older stock with clear value-add pathways
- Household growth within 3 miles expands the tenant base for smaller units
- Risks: safety metrics below national benchmarks and lower school ratings warrant underwriting for security and targeted marketing