| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 86th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8810 Tallwood Dr, Austin, TX, 78759, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 120 |
| Transaction Date | 2014-02-13 |
| Transaction Price | $11,450,000 |
| Buyer | Redwood Capital Group, LLC |
| Seller | Virtu Arbors at Tallwood Owner, LP. |
8810 Tallwood Dr Austin Value-Add Multifamily
Neighborhood multifamily occupancy is in the mid-90% range and supported by a deep renter base, according to WDSuite’s CRE market data. Positioned in an inner-suburb location with strong schools and daily amenities, the asset can appeal to renters seeking convenience and stability.
The property sits in an Inner Suburb pocket of Austin-Round Rock-Georgetown rated A- and competitive among metro neighborhoods (121 of 527), based on WDSuite’s CRE market data. Neighborhood occupancy trends in the top quartile nationally (72nd percentile), supporting leasing stability at comparable assets rather than sharp swings in vacancy.
Daily-needs access is a strength: neighborhood cafe and grocery density score in the 85th and 81st national percentiles, while restaurant coverage is above the national median. Park and pharmacy density are limited within the neighborhood, a minor trade-off offset by proximity to established retail corridors.
Within a 3-mile radius, households expanded over the past five years and are projected to grow further by 2028, while average household size is trending smaller. This indicates a larger tenant base and more one- to two-person households entering the market, which can support absorption of mid-size units like the property’s average 987 sf layouts.
Renter-occupied housing accounts for roughly 62% of units within a 3-mile radius today, signaling a deep pool of multifamily demand and helping underpin renewal rates. The neighborhood skews toward a high-cost ownership market (home values near the 93rd national percentile and a value-to-income ratio in the 98th percentile), which tends to sustain reliance on rentals and can support pricing power, while the rent-to-income ratio sits well below national norms—useful context for lease management and retention.
Schools rate strongly for the neighborhood (average 4.5/5; 94th percentile nationally), an advantage for family renters and long-term retention. The average construction year in the neighborhood is 1979; at a 1972 vintage, the subject may trail newer stock on systems and finishes, creating clear value-add or modernization angles to remain competitive against younger assets.
Safety indicators for the neighborhood are mixed versus broader benchmarks. Within the Austin metro, the neighborhood’s crime rank sits in the middle tier (227 of 527), while national comparisons place property and violent offense rates below the national median (around the mid‑20s percentiles). For investors, this suggests security posture and lighting/monitoring remain relevant operational considerations.
Trend signals are moving in a constructive direction: estimated property offenses declined year over year by roughly one-fifth and violent offenses also eased, according to WDSuite’s CRE market data. While block-level conditions can vary, sustained declines at the neighborhood level can support tenant retention and reduce non-rent expenses tied to incidents.
Proximity to a diversified employment base supports renter demand and commute convenience, led by nearby offices for Coca-Cola, Adobe, Airgas, New York Life, and Arconic.
- Coca-Cola — beverages (0.76 miles)
- Adobe — software (1.84 miles)
- Airgas — industrial gases (3.33 miles)
- New York Life — insurance (3.84 miles)
- Arconic — engineered products (7.01 miles) — HQ
Built in 1972 with 120 units averaging 987 sf, the asset presents a classic value-add profile in an Inner Suburb Austin location where neighborhood occupancy trends in the top quartile nationally and renter concentration is elevated. High home values and a lofty value-to-income ratio indicate a high-cost ownership market that tends to sustain rental demand, while smaller average household sizes within a 3-mile radius expand the pool of renters for mid-size floor plans.
Operationally, investors can focus on renovations and systems upgrades to sharpen competitiveness versus newer 1980s-and-later stock. According to CRE market data from WDSuite, the neighborhood’s amenity density, strong school ratings, and improving safety trends support retention and pricing discipline, with the main watchpoints being aging physical plant and modest gaps in park/pharmacy access.
- Occupancy stability at the neighborhood level with top-quartile national positioning supports predictable leasing
- High-cost ownership market reinforces renter reliance and potential pricing power
- 1972 vintage offers value-add upside via interiors and building systems
- Diverse nearby employers bolster demand and commute convenience
- Risks: older infrastructure, selective amenity gaps (parks/pharmacies), and safety that is mid-pack metro but improving