| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 31st | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9125 North Plz, Austin, TX, 78753, US |
| Region / Metro | Austin |
| Year of Construction | 1979 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9125 North Plz, Austin TX Multifamily Value-Add
Neighborhood occupancy of 95.8% suggests resilient renter demand and supports leasing durability, based on WDSuites CRE market data for the surrounding area.
Located in Austins inner suburb context, the neighborhood ranks 245 out of 527 metro neighborhoods (rated B), indicating performance around the metro median. Occupancy is above the metro median with the neighborhood at 95.8%, which supports income stability for multifamily assets relative to peers, according to WDSuites commercial real estate analysis at the neighborhood level (not the property).
Amenity access is a relative strength: cafe and grocery densities sit in the top quartile nationally, with cafes competitive among Austin neighborhoods (rank 36 of 527) and groceries similarly strong (rank 41 of 527). Restaurants and pharmacies track above national averages as well. Park access is limited within the immediate neighborhood, which may temper outdoor amenity appeal and should be considered in positioning.
Housing costs are elevated for owners (neighborhood median home value ranks in the upper tiers nationally), which tends to reinforce reliance on rental options and can support pricing power when managed carefully. The renter-occupied share of housing units is high (rank 51 of 527; top tier nationally), signaling a deep tenant base and breadth for workforce- and market-rate strategies.
Within a 3-mile radius, households increased over the past five years while population edged lower, pointing to smaller average household sizes and diversification of living arrangementsfactors that can expand the renter pool. Forward-looking 3-mile forecasts indicate more households and higher incomes, which, paired with projected rent growth, suggest a larger tenant base that can support occupancy and leasing velocity.
Vintage matters: the propertys 1979 construction is older than the neighborhoods average vintage (1990). Investors should expect ongoing capital planning and potential value-add scope (unit renovations, systems modernization) to maintain competitiveness against newer stock while capturing rent lifts.
Safety indicators for the neighborhood track below national benchmarks, with overall and violent categories weaker than typical. Compared with other Austin neighborhoods, the area is below the metro median (crime rank 398 out of 527), so underwriting should incorporate prudent security and operating assumptions. A notable positive is that estimated property crime has declined year over year, signaling some improvement momentum even if levels remain elevated versus national norms.
Nearby employers provide a diverse employment base that supports renter demand and commute convenience for residents, including Airgas, Coca-Cola, Adobe, Arconic, and New York Lifeall within roughly 7 miles.
- Airgas industrial gases (1.8 miles)
- Coca-Cola beverage offices (3.2 miles)
- Adobe software offices (4.0 miles)
- Arconic manufacturing offices (6.2 miles) HQ
- New York Life insurance offices (6.8 miles)
This 62-unit, 1979-vintage asset offers a value-add path in an inner-suburban Austin location where neighborhood occupancy trends sit above the metro median. Elevated ownership costs locally and a high share of renter-occupied housing units point to a deep tenant base. Older vintage implies ongoing capex and renovation opportunities to enhance competitiveness versus newer product while supporting rent trade-ups.
Within a 3-mile radius, recent gains in household counts alongside projections for further household and income growth suggest a larger tenant base over time, supporting occupancy stability and leasing performance. According to CRE market data from WDSuite, strong amenity access (notably food and daily-needs retail) further underpins renter appeal, though limited park access and below-average safety benchmarks warrant conservative underwriting and targeted property operations.
- Above-metro-median neighborhood occupancy supports income stability
- High renter-occupied share and elevated ownership costs deepen tenant base
- 1979 vintage offers value-add and systems modernization upside
- 3-mile household and income growth bolster long-run leasing demand
- Risks: below-average safety and limited parks; plan for security and amenity strategy