| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 84th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 911 Battle Bend Blvd, Austin, TX, 78745, US |
| Region / Metro | Austin |
| Year of Construction | 1985 |
| Units | 70 |
| Transaction Date | 1995-04-17 |
| Transaction Price | $1,462,500 |
| Buyer | TPI 95-1 LTD |
| Seller | KAISER GILBERT J |
911 Battle Bend Blvd Austin Value-Add Multifamily
Older 1985 vintage in a renter-heavy South Austin corridor positions this asset for renovation-driven upside while benefiting from mid-90s neighborhood occupancy, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location rated A- and is competitive among Austin-Round Rock-Georgetown neighborhoods (rank 89 out of 527). Neighborhood occupancy around 94% supports leasing stability relative to broader metro conditions, and median contract rents have trended higher over the past five years, signaling sustained renter demand.
Amenities skew toward daily needs and dining: restaurants are dense (top national percentiles), with grocery access above average, while parks score strong and cafes/pharmacies are thinner. For investors, this mix supports everyday convenience that aids retention without depending on destination retail. Home values sit on the high side for the area, which typically reinforces reliance on multifamily and supports pricing power over time.
Within a 3-mile radius, demographics indicate a larger tenant base forming even as average household size trends lower: households have increased in recent years and are projected to continue growing through 2028, pointing to a broader renter pool and support for occupancy. Median incomes have risen, and rent-to-income levels remain manageable, which can help stabilize renewals and temper turnover risk. These patterns align with multifamily property research benchmarks that link household growth and income gains to durable absorption.
Tenure dynamics are favorable for multifamily: the neighborhood shows a meaningful share of housing units that are renter-occupied, and the 3-mile area reports an even higher renter concentration. For a 1985 asset in a submarket where the average construction year skews newer (2004), targeted renovations can sharpen competitive positioning against more recent product while planning for ongoing system upgrades.
Safety indicators are mixed and should be underwritten conservatively. Relative to neighborhoods nationwide, this area is below average on safety (national percentiles for crime are low), and it ranks in the lower tier within the Austin metro (ranked 456 out of 527 neighborhoods). Recent year-over-year data show increases in both violent and property offenses, so investors may want to account for security measures, lighting, and resident engagement in operating plans.
At the portfolio level, comparative framing is useful: think in terms of risk-adjusted returns, tenant profile, and on-site management practices that can mitigate exposure. Monitoring trend direction and staying aligned with local law enforcement and community initiatives can help manage downside while preserving occupancy.
- Oracle Waterfront — software offices (3.7 miles)
- Whole Foods Market — grocery HQ (4.7 miles) — HQ
- State Farm Insurance — insurance (6.8 miles)
- New York Life — insurance (10.6 miles)
- Coca-Cola — beverage (12.4 miles)
Nearby employment nodes include technology, grocery headquarters, and insurance offices that deepen the commuter renter base and support retention through convenient access to major employers: Oracle Waterfront, Whole Foods Market, State Farm Insurance, New York Life, and Coca-Cola.
This 70-unit, 1985-vintage asset offers a straightforward value-add thesis in a competitive South Austin neighborhood where occupancy is in the mid-90s and renter demand is reinforced by higher home values and solid amenity access. The property is older than the neighborhood’s average construction year, creating a path to outcompete nearby stock via unit and common-area upgrades while budgeting for systems and exterior capex.
Within 3 miles, household counts have grown and are projected to expand further, even as household sizes decline—an investor-friendly setup that points to a broader tenant base and supports occupancy stability. According to CRE market data from WDSuite, neighborhood rents and incomes have moved upward over time, and the local rent-to-income profile suggests room for disciplined revenue management rather than aggressive concessions.
- Mid-90s neighborhood occupancy supports lease-up and renewal stability
- 1985 vintage creates clear renovation and repositioning upside versus newer nearby stock
- 3-mile household growth and smaller household sizes expand the renter pool
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- Risks: below-average safety metrics and potential competitive pressure from newer deliveries; plan for security and focused asset upgrades