| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 63rd | Fair |
| Amenities | 46th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11519 Pecan Creek Pkwy, Austin, TX, 78750, US |
| Region / Metro | Austin |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11519 Pecan Creek Pkwy Austin Multifamily Opportunity
Neighborhood occupancy has been exceptionally tight, supporting stable cash flow potential, according to CRE market data from WDSuite. For investors, the area’s renter demand and household growth trends point to durable leasing fundamentals.
The property sits in a B+ rated Urban Core neighborhood of the Austin-Round Rock-Georgetown metro (ranked 178 of 527), indicating performance that is above metro median and competitive among local options for workforce and professional renters. Neighborhood occupancy is at the top of the metro distribution (ranked 1 of 527), underscoring limited vacancy at the neighborhood level rather than at the property specifically.
Daily needs are well-served: grocery access ranks in the top quartile nationally (94th percentile) and restaurants are strong (88th percentile), while cafes and parks are relatively limited. Average school ratings around 3.5 out of five sit in the upper tier nationally (73rd percentile), a supportive signal for family-oriented demand.
Renter concentration is elevated for the metro (renter-occupied share in the 91st national percentile), which deepens the tenant base and can support leasing stability. Median asking rents in the neighborhood track above national norms (80th percentile) while a measured rent-to-income profile (0.19) suggests manageable affordability pressure relative to peer submarkets—useful context for multifamily property research.
Within a 3-mile radius, population and household counts have expanded over the past five years and are projected to continue growing through 2028. A forecasted increase in households alongside smaller average household sizes points to a larger tenant base and ongoing demand for rental units, reinforcing occupancy stability at the neighborhood level.
Ownership costs are elevated versus national norms (home values in the 81st percentile; value-to-income ratio in the 75th percentile), which in high-cost ownership markets tends to sustain rental demand and support retention and pricing power for well-managed assets.
Neighborhood safety indicators are mixed but improving in key areas. Overall conditions track around the national midrange (53rd percentile for safety relative to neighborhoods nationwide), with violent offense measures less favorable (around the 33rd percentile for safety). Within the Austin-Round Rock-Georgetown metro, the neighborhood’s crime rank is 136 out of 527, placing it near the metro median.
Trend signals are constructive: property offense rates have declined over the past year (improvement in the 77th national percentile). For investors, this combination suggests monitoring remains prudent, but recent momentum reduces downside risk compared with prior periods.
Proximity to corporate employment nodes supports commuter convenience and broad renter demand, notably in technology, consumer brands, and financial services—factors that can aid leasing stability in commercial real estate analysis.
- Adobe — software (6.2 miles)
- New York Life — financial services (6.5 miles)
- Coca-Cola — consumer beverages (6.8 miles)
- Dell Technologies — technology (8.6 miles) — HQ
- Airgas — industrial gases (8.8 miles)
This 24-unit asset benefits from a neighborhood with extremely tight occupancy and a deep renter pool for the metro, supporting lease-up certainty and retention. Elevated ownership costs relative to national benchmarks typically reinforce reliance on multifamily housing, while household and population growth within a 3-mile radius points to ongoing renter pool expansion. According to CRE market data from WDSuite, neighborhood rents benchmark above national levels yet remain supported by strong local incomes, which can help sustain collections when managed with disciplined lease and renewal strategies.
Operationally, the submarket’s strong grocery and restaurant access bolsters livability, though limited parks and cafe density mean on-site amenities and community programming can be differentiators. Investors should also underwrite with a view to mixed but improving safety trends and monitor affordability pressure as rents continue to trend upward.
- Tight neighborhood occupancy and elevated renter concentration support stable leasing
- Household growth within 3 miles expands the tenant base and supports demand
- High-cost ownership market reinforces rental reliance and retention potential
- Strong grocery/restaurant access enhances livability and competitiveness
- Risks: mixed safety metrics (improving trend) and potential affordability pressure