| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 72nd | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8615 Rockwood Ln, Austin, TX, 78757, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 88 |
| Transaction Date | 1998-07-09 |
| Transaction Price | $85,400 |
| Buyer | POWERS MICHAEL JOHN |
| Seller | REAVES POWERS CAROLINE GWYNNE |
8615 Rockwood Ln Austin Multifamily — 1983 Vintage
Positioned in an inner-suburb pocket with strong neighborhood occupancy and everyday amenities, this asset benefits from durable renter demand and room for operational optimization, according to WDSuite s CRE market data.
The property sits in an Inner Suburb location that ranks 75th out of 527 Austin-Round Rock-Georgetown neighborhoods, placing it in the top quartile locally. Daily needs are well covered: restaurants and cafes score in high national percentiles, and grocery access is strong, supporting resident convenience and leasing stickiness. Park access is limited, which slightly reduces recreational appeal but has minimal impact on day-to-day errands.
Neighborhood occupancy trends are favorable. The area s occupancy level is competitive among Austin neighborhoods (ranked 182 of 527) and in the top quartile nationally, reinforcing expectations for stable leasing and low downtime. Median home values sit in a higher national percentile, signaling a high-cost ownership market that can sustain reliance on multifamily rentals and support pricing power when operations are well managed.
Tenure patterns suggest depth in the broader renter pool. Within the immediate neighborhood, the share of housing units that are renter-occupied is more limited, but within a 3-mile radius renters account for a substantial share of units. For investors, this split points to steady demand from nearby employment and amenity corridors even if the immediate block skews more mixed-tenure.
Vintage also matters for positioning. Built in 1983 versus a neighborhood average construction year around 1973, the asset is newer than much of the surrounding stock, offering relative competitiveness versus older properties while still presenting typical late-1980s system updates or common-area refresh opportunities. Demographics aggregated within a 3-mile radius indicate modest population growth alongside a larger increase in households and rising incomes, implying smaller household sizes and a growing tenant base for smaller-format units over the next few years.
Safety metrics are mixed and warrant standard risk controls. Relative to the Austin-Round Rock-Georgetown metro, the neighborhood s crime rank falls in the lower tiers (ranked 442 out of 527), and national percentiles indicate a below-average safety profile. Recent property and violent offense trend estimates show near-term volatility; investors should underwrite with prudent security measures and asset management practices, and benchmark performance against comparable Austin submarkets rather than block-level readings.
Proximity to established corporate offices underpins weekday traffic and supports resident retention. Nearby employers span consumer brands and technology, including Coca-Cola, Adobe, Airgas, New York Life, and Whole Foods Market HQ.
- Coca-Cola — corporate offices (0.82 miles)
- Adobe — corporate offices (2.26 miles)
- Airgas — corporate offices (2.68 miles)
- New York Life — corporate offices (4.30 miles)
- Whole Foods Market — corporate offices (6.89 miles) — HQ
This 1983-vintage, inner-suburb Austin asset combines strong neighborhood occupancy, high everyday-amenity access, and a newer-than-area-average vintage that can compete well against older stock. Elevated home values in the area support sustained renter reliance on multifamily housing, while 3-mile demographics point to household growth and rising incomes that expand the tenant base and support rent durability. Based on commercial real estate analysis from WDSuite, occupancy in the immediate neighborhood sits above many metro peers, reinforcing a case for steady cash flow when operations are managed tightly.
Investor focus should center on operational execution and selective value-add: exterior and common-area refreshes, unit modernization to capture the efficiency-seeking renter cohort, and disciplined leasing and security programs given mixed safety readings. Amenity and employment proximity provide a foundation for retention and pricing, while the property s relative vintage positions it for targeted upgrades rather than heavy repositioning.
- Competitive Inner Suburb location with top-quartile local ranking and strong amenity access
- Occupancy trends above many metro peers support leasing stability and cash flow
- 1983 vintage is newer than area average, enabling targeted value-add versus heavy rehab
- Elevated ownership costs in the area reinforce renter demand and pricing power potential
- Risks: mixed safety indicators and limited park access call for prudent security and resident-engagement strategies