| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 27th | Poor |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8930 Galewood Dr, Austin, TX, 78758, US |
| Region / Metro | Austin |
| Year of Construction | 1980 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8930 Galewood Dr Austin Multifamily Investment
Renter concentration in the immediate neighborhood is high, supporting a stable tenant base, while nearby grocery and dining density enhances day-to-day convenience, according to WDSuite’s CRE market data. Investors should plan for diligent lease management given neighborhood occupancy trends and affordability pressure.
Located in Austin’s Urban Core, the property sits in a neighborhood with strong day-to-day convenience indicators for renters. Grocery access is in the top quartile nationally, and restaurant density is also top quartile, providing practical amenity coverage even as park, cafe, and childcare counts are limited.
Renter-occupied housing concentration is elevated (competitive among Austin neighborhoods and top quartile nationally), which points to a deep tenant pool and durable multifamily demand. Neighborhood occupancy is below the national median, so underwriting should assume normal leasing friction and focus on resident retention.
Within a 3-mile radius, WDSuite data indicates modest population growth with a larger increase in households, implying smaller household sizes and a gradual expansion of the renter pool. Forward-looking estimates continue to show household growth through 2028, which supports occupancy stability for well-managed assets.
Ownership costs in the neighborhood are high relative to incomes (a high-cost ownership market with a value-to-income ratio in the top tier nationally). This dynamic typically sustains rental demand and can aid lease retention, though elevated rent-to-income levels at the neighborhood level suggest thoughtful pricing and renewal strategies remain important.
Relative to the Austin metro, the neighborhood’s safety profile is below the metro median, and compared with neighborhoods nationwide it ranks below average. However, WDSuite’s data shows year-over-year declines in both property and violent offense estimates, with the pace of improvement competitive nationally, indicating recent directional progress.
For investors, this suggests underwriting should reflect conservative assumptions on security and insurance while recognizing the improving trend. Monitor trajectory alongside leasing performance rather than relying on block-level conclusions.
Nearby corporate offices provide a diversified employment base and commute convenience that support renter demand and lease retention. Key employers in proximity include Coca-Cola, Airgas, Adobe, New York Life, and Arconic.
- Coca-Cola — corporate offices (1.3 miles)
- Airgas — corporate offices (2.0 miles)
- Adobe — corporate offices (2.5 miles)
- New York Life — corporate offices (5.1 miles)
- Arconic — corporate offices (6.5 miles) — HQ
This 48-unit asset is positioned in a renter-heavy Austin neighborhood where grocery and dining access are nationally competitive, supporting everyday convenience and resident retention. Neighborhood occupancy trends sit below the national median, so performance relies on hands-on leasing and renewals; that said, a growing 3-mile household base and a high-cost ownership market reinforce depth of demand for rentals. According to CRE market data from WDSuite, affordability pressure at the neighborhood level warrants prudent rent setting and renewal management.
Built in 1980, the property offers potential value-add and systems modernization opportunities that can sharpen competitive positioning against both older and newer stock. With household growth projected within 3 miles and strong proximity to established employers, the long-term thesis favors stable tenancy for well-operated communities, balanced against execution risk tied to pricing power and retention.
- Renter-heavy neighborhood supports a deep tenant base and demand resilience.
- Top-quartile grocery and restaurant access enhances resident convenience and retention.
- 1980 vintage presents value-add and modernization pathways to improve competitiveness.
- Growing household counts within 3 miles underpin occupancy stability over time.
- Risk: neighborhood occupancy below national median and affordability pressure require disciplined lease and renewal management.