| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 68th | Good |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Luther Dr, Georgetown, TX, 78628, US |
| Region / Metro | Georgetown |
| Year of Construction | 1984 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Luther Dr, Georgetown TX Multifamily Investment
Neighborhood occupancy is strong at 98.3%, supporting leasing stability relative to the Austin-Round Rock-Georgetown metro, according to WDSuite’s CRE market data. With high-income households nearby, this location favors renter retention for well-managed assets.
Georgetown’s suburban setting balances strong renter demand with family-oriented fundamentals. The neighborhood’s occupancy rate ranks 132 out of 527 metro neighborhoods and sits in the top quartile nationally by percentile, indicating competitive performance among Austin-Round Rock-Georgetown submarkets and supportive conditions for stabilized cash flow. Median contract rents at the neighborhood level trend above national norms, while the rent-to-income ratio indicates headroom that can help manage renewal pricing and reduce turnover risk, based on CRE market data from WDSuite.
Schools score above the national median (average rating in the 73rd percentile) and rank 93 of 527 metro neighborhoods—top quartile locally—providing a family-demand anchor that can support longer tenancy. Parks access sits modestly above national mid-range, while general amenities (cafes, groceries, pharmacies) are limited within the immediate neighborhood, suggesting residents rely on nearby corridors for daily needs; investors should plan for convenience-focused property improvements to offset lighter walkable retail.
Construction in the surrounding neighborhood skews newer (average 2015), while the subject asset’s 1984 vintage is older. That gap points to potential value-add opportunities in interiors, building systems, and curb appeal to remain competitive against newer stock; capital planning should prioritize modernization that enhances leasing velocity and renewal capture.
Within a 3-mile radius, population and household growth have been robust and are projected to continue, expanding the renter pool and supporting occupancy stability. Elevated home values in the area relative to national norms reinforce reliance on multifamily housing for many households, which can sustain demand depth and pricing power for well-positioned assets.
Safety indicators for the neighborhood are generally around or modestly better than national norms, with crime measures near the 60th percentile nationally indicating comparatively favorable conditions versus many U.S. neighborhoods. Compared with the Austin-Round Rock-Georgetown metro, both violent and property offense rates rank in the more competitive range (violent offense rank 127 of 527; property offense rank 136 of 527), supporting resident retention and leasing stability.
Recent trends are constructive: estimated violent offenses declined by about 30% year over year, and property offenses fell by roughly 23%, according to WDSuite’s CRE market data. While crime can vary by block and over time, the directional improvement and comparative standing suggest risk management is manageable for typical multifamily operations.
Proximity to diversified employers supports a broad renter base and commute convenience, with nearby roles spanning finance, technology, insurance, and manufacturing. The list below highlights Raymond James, Dell Technologies, Farmers Insurance, Arconic, and Adobe—key demand drivers within a typical renter commute shed.
- Raymond James — finance offices (1.5 miles)
- Dell Technologies — technology & corporate (9.2 miles) — HQ
- Farmers Insurance - Doug Gaul — insurance services (10.1 miles)
- Arconic — manufacturing offices (12.7 miles) — HQ
- Adobe — software offices (15.1 miles)
This 88-unit, 1984-vintage asset sits in a Georgetown neighborhood with high occupancy and above-median incomes—conditions that favor leasing stability and renewal capture. The asset is older than the surrounding stock, pointing to clear value-add pathways in interiors and systems to compete with newer deliveries while maintaining operational discipline on turns and capital cycles. According to WDSuite’s commercial real estate analysis, neighborhood occupancy is competitive versus the metro and in the top quartile nationally by percentile, while rent-to-income dynamics suggest room to manage pricing without outsized retention risk.
Demand fundamentals are reinforced by 3-mile population and household growth historically and in forward projections, expanding the tenant base over time. Elevated ownership costs locally tend to sustain reliance on multifamily rentals, supporting depth of demand. Key watch items include lighter immediate-walkability and a relatively lower renter-occupied share in the immediate neighborhood; operators may need to emphasize convenience amenities and targeted marketing to capture the area’s growing, higher-income renter cohort.
- High neighborhood occupancy and above-median incomes support stable leasing and renewals
- 1984 vintage enables value-add upside against newer 2010s-era competitive set
- 3-mile population and household growth expands the renter pool over the hold period
- Elevated home values bolster multifamily demand and potential pricing power
- Risks: limited nearby amenities and lower renter-occupied share may require targeted operations