| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8810 Tallwood Dr Austin Multifamily Investment Thesis
Neighborhood occupancy of 95.1% suggests stable tenancy and durable renter demand, according to WDSuite s CRE market data. Elevated ownership costs nearby further support reliance on rentals and steady leasing conditions.
Located in Austin s Inner Suburb, the property benefits from an A- neighborhood rating (ranked 121 out of 527 metro neighborhoods), positioning it above the metro median for overall fundamentals. The area s average school rating is 4.5 out of 5 (41 of 527), placing it in the 94th percentile nationally a credential that can aid retention for renters prioritizing school access.
Daily needs are well covered: grocery access sits in the 81st percentile nationally and cafes in the 85th percentile, supporting convenience for residents and reducing friction on renewals. Park and pharmacy counts are thin within the immediate neighborhood, so on-site amenities and proximity to private services may matter more for competitiveness versus peer assets.
For investors evaluating demand stability, neighborhood occupancy is 95.1% (72nd percentile nationally), and the share of renter-occupied housing units in the neighborhood is 47.7%, indicating a meaningful tenant base without overconcentration. Within a 3-mile radius, households increased over the past five years while average household size declined, expanding the pool of smaller-household renters and supporting consistent leasing for 1–2 bedroom product. Median contract rent in the neighborhood tracks in the upper national half, while a rent-to-income ratio of 0.23 suggests manageable affordability pressure that can aid retention.
Home values in the neighborhood are elevated (93rd percentile nationally), a high-cost ownership context that tends to sustain rental demand and provide some pricing power when managed carefully. The property s 1972 vintage is older than the neighborhood s average 1979 construction year, pointing to capital planning needs alongside potential value-add and renovation upside. These dynamics align with investor priorities surfaced through multifamily property research from WDSuite, which indicates competitive neighborhood demographics (86th percentile nationally) and household incomes solidly above national medians.
Safety trends are mixed. Compared with neighborhoods nationwide, the area sits below the national safety median (overall crime around the 42nd percentile for safety), indicating higher reported incidents than typical U.S. neighborhoods. Within the past year, however, reported violent and property offenses have declined, with property incidents showing a notable one-year decrease, according to WDSuite s CRE market data.
At the metro level (Austin Round Rock Georgetown), neighborhood crime ranks indicate conditions that warrant standard risk management and resident-experience measures rather than signaling outlier risk. Investors should underwrite with prudent security planning and emphasize well-lit common areas, visible management presence, and access controls to support resident satisfaction and retention.
The location serves a broad professional workforce with short commutes to nearby corporate offices, supporting weekday demand and lease stability. Employers proximate to the property include Coca-Cola, Adobe, Airgas, New York Life, and Arconic.
- Coca-Cola corporate offices (0.84 miles)
- Adobe corporate offices (1.94 miles)
- Airgas corporate offices (3.39 miles)
- New York Life corporate offices (3.75 miles)
- Arconic corporate offices (7.11 miles) HQ
8810 Tallwood Dr offers scale at 120 units in an Inner Suburb location with solid neighborhood fundamentals: occupancy at 95.1% supports income durability, high-performing schools are a retention advantage, and elevated home values in the area tend to sustain reliance on rentals. The property s 1972 vintage is older than the neighborhood average, which argues for targeted capex and renovation to enhance competitive positioning and capture value-add upside.
Within a 3-mile radius, population and household counts have grown and are projected to keep expanding, while smaller average household sizes suggest a larger pool of renters for 1–2 bedroom product. Rents remain manageable relative to incomes, which can support lease retention and steady occupancy. According to CRE market data from WDSuite, neighborhood demographics and amenities are competitive at the metro level, reinforcing a thesis centered on consistent renter demand with operational upside from upgrades.
- 95.1% neighborhood occupancy and strong schools support stable tenancy and renewals.
- High-cost ownership market reinforces rental demand and measured pricing power.
- 3-mile household growth and smaller household sizes expand the renter pool over time.
- 1972 vintage presents value-add potential via unit and systems modernization.
- Risks: below-national safety percentiles and limited nearby parks/pharmacies suggest underwriting for security and amenity investment.