| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 53rd | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1500 Northwest Blvd, Georgetown, TX, 78628, US |
| Region / Metro | Georgetown |
| Year of Construction | 1983 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1500 Northwest Blvd, Georgetown TX Multifamily Investment
Neighborhood occupancy is solid and renter demand is supported by a high renter-occupied share in the immediate area, according to WDSuite’s CRE market data. The 1983 vintage suggests potential value-add through targeted renovations to enhance competitiveness against newer stock.
Situated in Georgetown’s Inner Suburb within the Austin-Round Rock-Georgetown metro, the neighborhood carries a B+ rating and ranks 179 out of 527 metro neighborhoods, indicating performance above the metro median. Neighborhood occupancy sits at 94.5% (neighborhood metric), supporting baseline leasing stability for multifamily assets.
Daily-needs access is a relative strength: grocery availability is in a high national percentile and pharmacies also score strongly, while cafes and parks are limited. School ratings trend around the national middle, suggesting stable but not standout education options that typically align with workforce housing demand rather than premium school-driven premiums.
Rent levels in the neighborhood are above national norms, and the renter-occupied share is elevated relative to neighborhoods nationwide (91st percentile). For investors, this higher renter concentration points to a deeper tenant base and potential demand resilience, though pricing power should still track local affordability and product quality.
Within a 3-mile radius, demographics point to a larger tenant pool over time: population and households have grown recently, with forecasts indicating further household expansion and smaller average household sizes. This combination often supports steady absorption and demand for multifamily units near services and employment.
Vintage dynamics matter here: the average construction year in the neighborhood is 1994, while the property’s 1983 delivery is older. That positioning can create renovation and repositioning upside but may require near- to medium-term capital planning for interiors and building systems to stay competitive with newer supply.
Ownership costs in the area are relatively elevated versus incomes (high national percentile for value-to-income), which tends to sustain reliance on rental housing and can aid lease retention when managed with attention to rent-to-income thresholds.
Safety indicators compare favorably within the Austin-Round Rock-Georgetown metro: the neighborhood s crime rank is 96 out of 527 neighborhoods, which is competitive among metro peers. Nationally, the area aligns modestly above average safety levels (higher percentile indicates relatively safer conditions).
Recent trend data is constructive: estimated property offenses have declined meaningfully year over year, and violent offense rates show incremental improvement. For investors, these directional trends can support leasing and retention, while still warranting typical asset-level security and lighting best practices.
Proximity to diversified employers supports commuter convenience and renter retention. Key employment nodes within a manageable drive include Raymond James, Farmers Insurance, Dell Technologies, Arconic, and Adobe.
- Raymond James financial services (1.4 miles)
- Farmers Insurance - Doug Gaul insurance (11.2 miles)
- Dell Technologies technology (11.8 miles) HQ
- Arconic manufacturing (15.3 miles) HQ
- Adobe software (17.9 miles)
This 60-unit 1983 community in Georgetown sits in a neighborhood with above-median metro positioning and solid occupancy, providing a foundation for stable cash flow management. The asset s older vintage versus the local average points to value-add potential through selective renovations that can improve unit appeal and operational efficiency.
Investor demand is further supported by a high neighborhood renter-occupied share and strong 3-mile household growth with forecasts indicating continued expansion and smaller average household sizes factors that typically broaden the tenant base and support occupancy stability. Elevated ownership costs relative to incomes in the area reinforce reliance on rental housing, while nearby employment nodes strengthen day-to-day leasing fundamentals. These dynamics are consistent with patterns observed in the metro, based on commercial real estate analysis from WDSuite.
- Solid neighborhood occupancy and above-median metro positioning support baseline leasing stability
- 1983 vintage offers value-add and modernization potential versus newer local stock
- High renter-occupied share and projected household growth within 3 miles expand the tenant base
- Elevated ownership costs relative to incomes sustain rental demand and can aid retention
- Risks: school quality is middling and parks/cafes are limited, requiring asset-level amenities and pricing discipline