| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 38th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 N Mays St, Round Rock, TX, 78664, US |
| Region / Metro | Round Rock |
| Year of Construction | 1973 |
| Units | 50 |
| Transaction Date | 2007-01-09 |
| Transaction Price | $1,312,500 |
| Buyer | RR GARDEN PARK LLC |
| Seller | MCCAUL PAUL F |
1700 N Mays St Round Rock Multifamily Value-Add
Neighborhood occupancy is high and renter demand is durable for this Round Rock address, according to WDSuite s CRE market data, supporting stable leasing fundamentals. The area s strong renter presence points to a deep tenant base for a well-executed renovation strategy.
Located in an inner-suburb pocket of the Austin Round Rock Georgetown metro, the neighborhood posts an occupancy level that sits in the top quartile nationally, signaling resilient leasing conditions compared with many U.S. submarkets (figures reflect the neighborhood, not this property). Restaurants and grocery access are both competitive versus national norms, reinforcing day-to-day convenience that helps support retention.
Within a 3-mile radius, households have expanded meaningfully over the last five years and are projected to continue growing, while average household size trends smaller. That combination typically points to a larger tenant base and steady demand for rental units. About half of housing units are renter-occupied, indicating a substantial renter concentration that supports multifamily absorption and renewals.
Home values in the neighborhood are elevated relative to local incomes, which tends to reinforce reliance on multifamily housing and can aid pricing power without overreaching. Median rents have trended upward and are forecast to continue rising, so operators should monitor affordability pressure and focus on value delivered per dollar. Based on commercial real estate analysis from WDSuite, amenity density for restaurants, groceries, parks, and childcare ranks above national midpoints, adding to overall livability for residents.
The average nearby construction year skews newer than this asset, which means renovated product can be a competitive set; thoughtful upgrades can help narrow the gap and capture demand from residents seeking modern finishes while maintaining relative affordability.
Safety trends are mixed when benchmarked nationally. The neighborhood s overall crime positioning sits below the national median (39th percentile), but property crime has improved with a notable year-over-year decrease, suggesting conditions are moving in a favorable direction. Violent crime levels benchmark in the lower quartiles nationally, indicating investors should underwrite enhanced lighting, access controls, and community engagement to support retention.
Relative to the Austin Round Rock Georgetown metro s 527 neighborhoods, the area s safety profile is roughly around the metro median, with momentum aided by the recent decline in property offenses. As always, evaluate block-level dynamics during diligence and align security measures with operating strategy.
The immediate employment base blends technology and diversified corporate services, supporting renter demand through commute convenience and stable white-collar payrolls. Key nearby employers include Dell Technologies, Arconic, Raymond James, Adobe, and Airgas.
- Dell Technologies technology & corporate HQ (2.6 miles) HQ
- Arconic engineered products (6.3 miles) HQ
- Raymond James financial services office (7.9 miles)
- Adobe software offices (8.7 miles)
- Airgas industrial gases & distribution (9.8 miles)
Built in 1973, this 50-unit asset is older than the area s average vintage, creating a clear value-add path through unit and systems upgrades to compete with newer nearby stock. Neighborhood occupancy ranks in the top quartile nationally and renter concentration is substantial, supporting a deep tenant base and potential occupancy stability. According to CRE market data from WDSuite, amenity access and everyday services score above national midpoints, which can bolster retention and leasing velocity when paired with thoughtful renovations.
Within a 3-mile radius, household growth has been strong historically and is projected to continue rising even as household sizes trend smaller a setup that typically expands the renter pool. Rising rents and elevated ownership costs in the neighborhood underscore the importance of managing affordability and delivering tangible in-unit and community improvements to sustain pricing power without eroding renewal rates.
- High neighborhood occupancy and sizeable renter concentration support stable leasing
- 1973 vintage offers value-add and modernization upside versus newer comps
- Proximity to diversified employers underpins demand and retention
- Livability factors restaurants, groceries, parks, childcare track above national midpoints
- Risks: mixed safety benchmarks and rising rents require prudent capex and rent setting