| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 51st | Fair |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9920 Quail Blvd, Austin, TX, 78758, US |
| Region / Metro | Austin |
| Year of Construction | 1973 |
| Units | 48 |
| Transaction Date | 2004-03-30 |
| Transaction Price | $3,750,000 |
| Buyer | HEARTLAND WANAKA LP |
| Seller | FRENCH EMBASSY ASSOCIATES LP |
9920 Quail Blvd Austin Multifamily Investment Opportunity
Neighborhood occupancy is above the metro median with a deep renter base, supporting leasing stability according to WDSuite’s CRE market data.
Positioned in Austin’s Urban Core, the property benefits from a renter-driven neighborhood with a high share of renter-occupied housing units. This concentration signals a broad tenant base and supports demand durability for mid-size assets like this 48-unit property.
Local convenience is a strength: neighborhood access to parks and groceries is competitive both in the metro and nationally, with parks and grocery density ranking in the top quartile nationally. Restaurant density also scores well above national norms, while cafes and pharmacies are thinner nearby—an operational consideration rather than a demand limiter.
Neighborhood occupancy is in the top quartile nationally and above the Austin metro median, indicating comparatively steady leasing even through cycles. Median contract rents benchmark above national norms, while the neighborhood rent-to-income ratio around 0.20 suggests manageable affordability pressure relative to many urban cores—helpful for retention and renewal strategies.
Home values rank in a high national percentile and value-to-income levels are elevated compared to much of the country. For investors, that points to a high-cost ownership market that can sustain multifamily demand and support pricing power. Built in 1973, the asset is slightly older than the neighborhood average vintage (1976), which can present value-add potential through exterior/interior upgrades and capital planning.
Within a 3-mile radius, demographics show essentially flat population in the prior period but notable household growth, implying smaller household sizes and a broader pool of potential renters. Forecasts point to further household and income growth into the next cycle, supporting occupancy stability and rent growth prospects based on commercial real estate analysis from WDSuite.
Safety performance is mixed compared to neighborhoods nationwide. Overall crime benchmarks below the national median, and violent and property offense measures sit in lower national percentiles, indicating higher-than-average incident rates. Investors should weigh this alongside strong neighborhood occupancy and amenity access when underwriting.
Recent trend data is constructive: both violent and property offense estimates declined year over year, with improvement pacing ahead of many neighborhoods nationally. While block-level conditions vary, the directional improvement provides a supportive backdrop for long-term operations and resident retention.
Nearby employers span industrial gases, beverages, software, and financial services, providing a diversified employment base that supports renter demand and commute convenience for the neighborhood. The list below reflects the closest nodes that shape day-to-day leasing dynamics for this submarket.
- Airgas — industrial gases (1.0 miles)
- Coca-Cola — beverages (1.9 miles)
- Adobe — software (2.5 miles)
- Arconic — engineered materials (5.6 miles) — HQ
- New York Life — insurance (6.1 miles)
This 1973-vintage, 48-unit asset sits in an Urban Core neighborhood with above-metro occupancy and a high concentration of renter-occupied units, pointing to a sizable tenant base and steady leasing. Elevated home values and value-to-income ratios in the neighborhood indicate a high-cost ownership market that can reinforce multifamily demand and retention. According to CRE market data from WDSuite, neighborhood amenities—particularly parks, groceries, and dining—compare favorably at the national level, supporting livability and sustained renter interest.
Within a 3-mile radius, households have expanded even as population remained roughly flat, implying smaller household sizes and a widening renter pool. Forward-looking estimates call for additional gains in households and incomes, which, together with the property’s value-add potential due to its older vintage, create room for targeted renovations to enhance positioning against newer stock. Investors should also underwrite safety considerations and affordability management as part of lease strategy.
- Above-metro neighborhood occupancy and deep renter base support leasing stability.
- High-cost ownership context sustains rental demand and pricing power.
- Amenity depth (parks, groceries, dining) enhances livability and retention.
- 1973 vintage offers value-add potential through targeted renovations and systems upgrades.
- Risks: below-average national safety percentiles and affordability pressure require active management.