| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 44th | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8900 Collinfield Dr, Austin, TX, 78758, US |
| Region / Metro | Austin |
| Year of Construction | 1972 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8900 Collinfield Dr Austin Multifamily Value-Add Opportunity
Neighborhood occupancy is strong and renter demand is deep in this inner-suburban pocket of Austin, according to WDSuite’s CRE market data, positioning a 1972-vintage, 31-unit asset for pragmatic value-add execution.
Neighborhood dynamics and livability
This Inner Suburb location shows durable renter demand: the neighborhood’s occupancy is 97.9% and renter-occupied housing share is elevated, supporting a sizable tenant base and helping stabilize leasing. In the context of multifamily property research, the combination of high neighborhood occupancy and a large renter concentration tends to reduce downtime between turns when managed effectively.
Day-to-day convenience is a differentiator. Restaurants and grocery options are dense for the metro, and pharmacies are especially prevalent. By contrast, formal parks and childcare centers are limited nearby, which may matter for some family-oriented renters and should be reflected in positioning.
Homeownership remains a high-cost proposition locally relative to incomes, which can reinforce reliance on rental housing and support pricing power for well-maintained apartments. At the same time, a high rent-to-income ratio signals potential affordability pressure; operators may need to emphasize retention and renewals over frequent price moves to sustain occupancy.
Demographic statistics are aggregated within a 3-mile radius. While population ticked down slightly in recent years, household counts increased and are projected to rise further alongside smaller average household sizes—factors that typically expand the renter pool and support occupancy stability over the medium term.
Vintage context: with a 1972 construction year versus a neighborhood average near the mid-1970s, investors should plan for ongoing capital needs (systems, exteriors, and interiors) but can also target renovation upside to improve competitive positioning against older workforce assets.
Safety context
Safety outcomes in this neighborhood trail national norms, with violent and property crime metrics placing it below average compared with neighborhoods nationwide. Within the Austin metro’s 527 neighborhoods, the area compares below the metro average for safety.
Near-term trends are mixed: estimated property offense rates have declined year over year, indicating improvement momentum, while violent offense rates moved up over the same period. For investors, this suggests monitoring submarket policing and community programs, aligning security measures with tenant expectations, and underwriting stabilization and insurance assumptions accordingly.
Employment anchors and proximity
Proximity to industrial gases, beverages, software, insurance, and metals manufacturing offices supports a broad commuter tenant base and can aid retention via short drive times to nearby employment centers.
- Airgas — industrial gases (1.8 miles)
- Coca-Cola — beverages (2.0 miles)
- Adobe — software (3.0 miles)
- New York Life — insurance (5.6 miles)
- Arconic — metals manufacturing (6.4 miles) — HQ
Investment thesis
The neighborhood’s high occupancy and deep renter concentration underpin demand for a 31-unit asset, while elevated ownership costs in the area support ongoing reliance on rental housing. According to CRE market data from WDSuite, this submarket exhibits strong amenity access that benefits day-to-day livability, aiding renewal probability when paired with sound operations.
Built in 1972, the asset is slightly older than nearby stock, pointing to a pragmatic value-add plan: targeted system updates, exterior improvements, and interior renovations to protect occupancy and selectively lift rents. Forward-looking 3-mile demographics indicate growth in households and a smaller average household size, which can expand the renter pool; however, a high rent-to-income backdrop and below-metro-average safety benchmarks warrant disciplined underwriting and active asset management.
- High neighborhood occupancy and strong renter base support leasing stability
- 1972 vintage offers value-add potential via systems and interior upgrades
- Amenity-rich setting and nearby employers bolster retention and renewals
- Risks: affordability pressure and below-metro-average safety require vigilant operations and underwriting