| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 41st | Poor |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 S Burnet St, Round Rock, TX, 78664, US |
| Region / Metro | Round Rock |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2015-06-30 |
| Transaction Price | $930,700 |
| Buyer | 301 S BURNET STREET LLC |
| Seller | ENGLER FAMILY LIVING TRUST |
301 S Burnet St Round Rock Multifamily Investment
Renter concentration is strong in the immediate neighborhood, supporting demand and lease-up stability, according to WDSuite’s CRE market data. Neighborhood occupancy trends are around the national midpoint, with pricing supported by a larger renter pool and steady household gains.
Located in Round Rock’s inner suburban fabric of the Austin-Round Rock-Georgetown metro, the area posts a B neighborhood rating and sits above the metro median (rank 236 of 527). Amenity access is a local strength: parks density ranks in the top quartile nationally, and cafes and childcare options are competitive among Austin neighborhoods, helping broaden day-to-day convenience for residents.
Renter-occupied share in the neighborhood is high (59.9%), indicating a deep tenant base that can support consistent leasing. Neighborhood occupancy is near the national midpoint, suggesting steady but competitive conditions where professional management and product positioning matter for retention.
Within a 3-mile radius, households have grown, and projections call for further increases by 2028, pointing to a larger tenant base and continued renter pool expansion. Median incomes have trended higher locally, while rent levels remain relatively manageable versus incomes, which can aid lease renewal rates and reduce turnover risk.
Local convenience skews toward daily needs—parks, groceries, cafes, and childcare—though pharmacy options are limited within the neighborhood, implying some residents rely on nearby trade areas for prescriptions. Overall, the area compares favorably on livability drivers for workforce renters while tracking close to national norms on occupancy.
Neighborhood safety trends are mixed relative to the Austin-Round Rock-Georgetown metro. The area’s crime rank is 175 out of 527 metro neighborhoods, which indicates crime levels are higher than many peers locally, while national positioning is around the midpoint (48th percentile).
Recent trajectory offers some constructive signals: estimated property offenses declined year over year, and violent offense rates edged down slightly. For investors, this points to monitoring conditions and emphasizing onsite controls, lighting, and partnerships with local resources to support resident experience and retention.
Proximity to major employers underpins workforce housing demand and commute convenience, with a concentration in technology, manufacturing, and consumer goods. Nearby anchors include Dell Technologies, Arconic, Adobe, Airgas, and Coca-Cola.
- Dell Technologies — technology (1.5 miles) — HQ
- Arconic — metals manufacturing (5.1 miles) — HQ
- Adobe — software (7.9 miles)
- Airgas — industrial gases (8.8 miles)
- Coca-Cola — beverages (9.3 miles)
Built in 1978, the property is older than the neighborhood average stock, creating clear value-add and capital planning opportunities (systems, unit finishes, and curb appeal) to compete against newer assets. The surrounding neighborhood shows a deep renter base and amenity access that support demand, while neighborhood occupancy is near national norms, suggesting stable but competitive leasing conditions that reward effective operations.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, supporting a larger tenant base and occupancy stability. Homeownership costs in the area are elevated enough to sustain reliance on rentals, and, according to CRE market data from WDSuite, rent-to-income levels remain manageable locally, aiding renewal probability and pricing discipline.
- Deep neighborhood renter base supports demand and leasing continuity
- 1978 vintage offers value-add potential through targeted renovations and system upgrades
- 3-mile growth outlook expands the tenant pool and underpins occupancy stability
- Amenity access (parks, groceries, cafes, childcare) enhances resident livability
- Risks: mixed safety metrics locally and competitive leasing require active management and CapEx discipline