| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 92nd | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 Red River St, Austin, TX, 78701, US |
| Region / Metro | Austin |
| Year of Construction | 2008 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
901 Red River St Austin Multifamily Investment
Downtown-adjacent location with strong renter-occupied housing and deep amenity access suggests steady multifamily demand, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb setting near Downtown Austin with A+ neighborhood fundamentals and convenience-driven demand drivers. Amenity access ranks among the strongest in the metro — grocery density is competitive at the very top of Austin neighborhoods (rank 3 of 527), restaurants are similarly abundant (rank 2 of 527), and parks access leads the metro (rank 1 of 527). These location advantages typically support leasing velocity and retention for professionally managed assets.
Renter-occupied housing is a defining characteristic here: the neighborhood’s renter concentration is in the top decile locally (rank 52 of 527), indicating a broad tenant base and meaningful depth for multifamily assets. Neighborhood occupancy is around the metro median, reinforcing the importance of active leasing and renewals to capture the submarket’s demand. Median contract rents benchmark above national norms, aligning with the area’s high-amenity urban profile.
Within a 3-mile radius, population and household counts have been expanding, with households growing notably alongside a shift toward smaller average household sizes. This dynamic points to more one- and two-person households and a larger renter pool over time, which can support occupancy stability and absorption. Income profiles also skew higher than national levels, consistent with a professional workforce and demand for quality finishes.
The average neighborhood building vintage skews older (1950s), while this asset’s 2008 construction is newer than much of the immediate stock. That positioning can offer a competitive edge on unit layouts and systems compared with mid-century properties, though investors should plan for mid-life capital items and selective modernization to maintain competitive standing.
Safety indicators in this neighborhood trend weaker than the metro average, with rankings in the lower tier among 527 Austin neighborhoods and a low national percentile. For underwriting, this typically warrants pragmatic measures around onsite management, access control, and lighting, along with marketing that emphasizes proximity to major employment and amenities.
Recent trends are mixed: property-related offenses show meaningful year-over-year improvement, while violent offense metrics have moved the other way. Investors commonly incorporate these trajectories into loss assumptions and operational plans rather than relying on a single-year snapshot.
Proximity to major corporate offices supports a steady renter pipeline, particularly for professionals seeking short commutes to Downtown and nearby tech and retail employers listed below.
- Whole Foods Market — corporate HQ and retail operations (1.0 miles) — HQ
- Oracle Waterfront — enterprise software offices (2.0 miles)
- New York Life — insurance offices (7.0 miles)
- Coca-Cola — beverage distribution/administration (7.7 miles)
- Airgas — industrial gases offices (8.2 miles)
This 120-unit asset, built in 2008, benefits from a downtown-proximate location with top-tier amenity access and a renter-heavy neighborhood profile. Household and income growth within a 3-mile radius point to a larger tenant base over time, while the property’s newer vintage versus the area’s older stock supports relative competitiveness. Based on CRE market data from WDSuite, rents and income levels align with an urban professional cohort, suggesting stable absorption with appropriate leasing and renewal strategies.
Key considerations include median neighborhood occupancy near the metro midpoint and safety metrics that trail broader Austin trends, best addressed via focused operations and capital planning. Given the location and demand drivers, selective upgrades and mid-life systems work can position the asset to capture durable renter demand and support long-term performance.
- Downtown-adjacent, top-ranked access to parks, restaurants, and groceries supports leasing velocity
- Renter-occupied share is high locally, indicating deep tenant demand for multifamily units
- 2008 vintage outpositions older neighborhood stock; plan for mid-life CapEx and targeted upgrades
- Within 3 miles, growth in households and higher incomes expand the renter pool and support occupancy stability
- Risk: Safety metrics lag metro norms; underwriting should reflect security measures and potential loss assumptions