| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 94th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 915 E 41st St, Austin, TX, 78751, US |
| Region / Metro | Austin |
| Year of Construction | 1980 |
| Units | 31 |
| Transaction Date | 2024-10-31 |
| Transaction Price | $16,093,000 |
| Buyer | RESOLUTE HANCOCK LLC |
| Seller | 915 PARK PLAZA LLC |
915 E 41st St Austin Multifamily Investment
Neighborhood occupancy around 95% supports leasing stability and rent resilience, according to WDSuite’s CRE market data. For investors, this Inner Suburb location offers established renter demand with proximity-driven appeal.
This Inner Suburb pocket of Austin ranks 12th out of 527 metro neighborhoods (A+ rating), indicating strong fundamentals relative to the region. Amenity access is competitive among Austin neighborhoods (rank 22 of 527; upper-tier nationally), with dense grocery, childcare, cafes, parks, and restaurants—factors that typically sustain renter interest and reduce turnover risk.
Schools are a notable strength: the neighborhood holds the top rank among 527 metro neighborhoods with an average rating of 5.0 out of 5. For multifamily operators, high-performing schools can support lease retention for family renters and broaden the tenant profile beyond students and young professionals.
Rents benchmark near the metro middle (rank 276 of 527; roughly mid-70s nationally), while neighborhood occupancy is about 95% (neighborhood-level metric, not property-specific), signaling steady absorption and limited prolonged vacancy. The share of housing units that are renter-occupied is 45.8% at the neighborhood level—sufficient depth for consistent leasing while avoiding overconcentration. Meanwhile, within a 3-mile radius, household counts have increased and are projected to continue rising, which supports a larger tenant base and future leasing velocity.
Home values sit in a high-cost ownership market (nationally above the 90th percentile and strong value-to-income ratios), which tends to reinforce renter reliance on multifamily housing and can support pricing power when managed thoughtfully. The 1980 construction year is newer than the neighborhood’s average vintage (1966), offering a competitive position versus older stock; investors should still plan for targeted system modernization and common-area upgrades as part of a value-add path. This summary reflects commercial real estate analysis grounded in WDSuite’s market data.
Safety trends warrant a measured view. The neighborhood ranks below the metro average for crime (369 out of 527), and its national standing is also below the median. Property offense rates have declined materially year over year, which is an encouraging directional trend, while violent offense metrics remain weaker than national norms. These figures are neighborhood-level indicators, not site-specific, and investors typically account for them through security design, lighting, and operational protocols.
Proximity to major corporate nodes supports commuter convenience and renter demand, anchored by Whole Foods Market, Oracle Waterfront, Coca-Cola, Airgas, and New York Life within a short drive.
- Whole Foods Market — grocery HQ (2.7 miles) — HQ
- Oracle Waterfront — enterprise software campus (3.8 miles)
- Coca-Cola — corporate offices (5.7 miles)
- Airgas — industrial gases offices (6.0 miles)
- New York Life — insurance offices (6.1 miles)
915 E 41st St offers an established, infill Austin location with durable renter demand. Neighborhood occupancy is near 95% and rents sit around the metro middle, limiting downside while leaving room for operational improvement; according to CRE market data from WDSuite, the area’s amenity density and top-ranked schools further support retention and leasing velocity. Elevated home values in the surrounding area signal a high-cost ownership market, which tends to sustain reliance on rental housing and can underpin pricing power when managed carefully.
Built in 1980, the property is newer than the neighborhood’s average vintage, creating an edge versus older stock while still presenting value-add opportunities via system upgrades and common-area enhancements. Within a 3-mile radius, rising household counts and income growth expand the tenant base over time, supporting occupancy stability and rentability across cycles. Key risks include the neighborhood’s below-median safety profile and potential operating costs tied to vintage; both can be mitigated with targeted capex and professional management.
- Infill Inner Suburb location with competitive amenities and top-ranked schools supporting retention
- Neighborhood occupancy near 95% and mid-market rents indicate steady demand
- 1980 vintage newer than area average; clear value-add path through targeted modernization
- High-cost ownership market reinforces renter reliance and pricing power potential
- Risks: below-median safety indicators and capex needs; mitigated via security design and planned upgrades