| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 31st | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9121 North Plz, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1985 |
| Units | 90 |
| Transaction Date | 2011-03-18 |
| Transaction Price | $2,343,800 |
| Buyer | 9121 NORTH PLAZA LP |
| Seller | AUSTIN SAN LEON LLC |
9121 North Plz Austin Multifamily Investment
Workforce-oriented demand is supported by a high share of renter-occupied units and neighborhood occupancy around 96%, according to WDSuite’s CRE market data. Location fundamentals and amenity access point to steady leasing with selective value-add potential.
This Inner Suburb location in Austin balances everyday convenience with investor-friendly renter dynamics. Amenity access is competitive among 527 metro neighborhoods (overall amenity rank in the stronger cohort) and sits in the upper tier nationally for grocery and cafe density, supporting daily-needs proximity that can aid retention and reduce turnover friction.
Renter concentration in the neighborhood is high (about 71% of housing units are renter-occupied), indicating a deep tenant base for multifamily assets. Neighborhood occupancy is in the top quartile nationally, reinforcing expectations for stable lease-up and ongoing absorption, based on CRE market data from WDSuite.
The property’s 1985 vintage is slightly older than the neighborhood average construction year (1990), which suggests investors should plan for targeted capital improvements and modernization to strengthen competitive positioning and unlock renovation upside.
Within a 3-mile radius, demographic data indicate a growing household base over the next five years alongside smaller average household sizes. This combination typically supports a larger tenant pool for apartments, particularly for efficient floor plans, and can underpin occupancy stability. Elevated home values relative to incomes in the neighborhood context suggest a higher-cost ownership market, which tends to sustain reliance on rental housing and supports pricing discipline for well-managed assets.
Amenity notes for investors: national percentiles are strong for groceries and cafes, while park acreage is limited within the neighborhood, implying residents may rely on regional recreation options. School quality metrics track below national benchmarks; for multifamily, this tilts the demand profile toward renters prioritizing commute convenience and value.
Safety indicators for the neighborhood trend below both metro and national benchmarks, placing it outside the stronger-performing cohort among 527 Austin-area neighborhoods. That said, WDSuite s CRE market data show property-related incidents decreased year over year, while violent offense measures rose, underscoring a mixed but closely watched trend.
For investors, this profile calls for standard risk controls: lighting, access management, and partnership with professional security vendors as appropriate. Comparative framing is most useful here—safety is weaker than metro averages but shows signs of improvement on the property-crime side, which can help operational plans focused on resident experience and retention.
Nearby employment includes industrial gases, beverages, software, and corporate headquarters, supporting commuter convenience and a broad renter base for workforce and professional segments: Airgas, Coca-Cola, Adobe, Arconic, and Whole Foods Market.
- Airgas — industrial gases (1.8 miles)
- Coca-Cola — beverages (3.2 miles)
- Adobe — software offices (4.0 miles)
- Arconic — industrial manufacturing (6.3 miles) — HQ
- Whole Foods Market — grocery corporate (7.0 miles) — HQ
9121 North Plz offers a renter-centric location with neighborhood occupancy in the upper national quartile and a deep tenant base. The area s high share of renter-occupied units supports demand resilience, while elevated for-sale housing costs relative to incomes help sustain reliance on multifamily. According to CRE market data from WDSuite, amenity access is competitive locally, providing daily-needs convenience that can bolster retention.
The 1985 vintage suggests targeted CapEx and value-add potential to sharpen competitive position versus slightly newer stock. Looking ahead, 3-mile demographics point to growth in households and smaller household sizes, which typically expand the renter pool for efficient units and can support steady occupancy and rent execution. Risk considerations include safety metrics that lag metro norms and limited park access, both manageable with focused operations and community programming.
- Stable demand: neighborhood occupancy in the top quartile nationally with a high share of renter-occupied housing units
- Value-add pathway: 1985 vintage supports renovations and systems upgrades to enhance positioning
- Daily-needs convenience: strong grocery and cafe access supports retention and leasing velocity
- Household growth outlook: 3-mile area trending toward more households and smaller sizes, expanding the renter pool
- Risks: below-average safety metrics and limited park access require proactive operations and resident experience focus