| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 75th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 Chisholm Trail Rd, Round Rock, TX, 78681, US |
| Region / Metro | Round Rock |
| Year of Construction | 2006 |
| Units | 121 |
| Transaction Date | 2005-08-02 |
| Transaction Price | $14,356,300 |
| Buyer | ROUND ROCK RETIEMENT RESIDANCE LP |
| Seller | BUTTE LAND & CATTLE COMPANY LLC |
310 Chisholm Trail Rd, Round Rock TX Multifamily Opportunity
Neighborhood occupancy remains exceptionally tight and schools are strong, according to WDSuite’s CRE market data, underscoring durable renter demand in a suburban corridor supported by major employers. Newer vintage relative to local stock adds competitive positioning while ownership costs in the area sustain reliance on rentals.
Round Rock’s suburban setting combines everyday convenience with strong fundamentals for multifamily investors. The neighborhood holds an A- rating and is competitive among Austin-Round Rock-Georgetown neighborhoods, landing in the top quartile nationally for overall performance and school quality (top quartile among 527 metro neighborhoods). Grocery, parks, and childcare access are above the metro median, while cafes and restaurants are more dispersed, indicating a car-oriented lifestyle rather than a café-driven streetscape.
The local housing stock skews older than this asset: neighborhood construction averages the mid-1990s, while the property was built in 2006. Newer vintage relative to nearby inventory suggests solid curb appeal and fewer near-term system replacements compared with 1980s–1990s product, though investors should still plan for mid-life mechanicals and common-area refreshes to maintain competitive positioning.
Renter-occupied share within a 3-mile radius is near parity with owner-occupied housing, indicating a deep tenant base that supports leasing stability. Demographic statistics within this 3-mile radius show population and household growth over the past five years, with additional increases projected, pointing to a larger tenant pool and ongoing demand for rental units. Median household incomes are high in the area, and contract rents have risen historically with further increases projected, supporting revenue growth potential when paired with careful lease management.
Home values in the neighborhood are elevated relative to many U.S. areas, which reinforces reliance on multifamily housing and can aid retention and pricing power. At the same time, neighborhood occupancy levels are among the strongest in the metro, supporting a view of steady absorption and limited vacancy at the neighborhood level, based on CRE market data from WDSuite.
Safety trends are favorable in a comparative context. The neighborhood’s overall safety profile sits above the national median (59th percentile nationwide), and recent year-over-year declines in both property and violent incident rates indicate improving conditions compared with the prior year. These figures reflect neighborhood-level trends rather than block-level conditions.
For investors, steady or improving safety can support retention and broaden the renter pool, particularly for households prioritizing school quality and commute convenience. As always, underwriting should consider property-specific security measures and management practices alongside neighborhood trends.
- Dell Technologies — technology (1.9 miles) — HQ
- Arconic — aerospace & industrial metals (5.6 miles) — HQ
- Adobe — software (7.7 miles)
- Raymond James — financial services (8.8 miles)
- Airgas — industrial gases (8.9 miles)
Proximity to technology, industrial, and professional services employers supports workforce housing demand and commute convenience for residents. The employers below anchor nearby job centers that can aid leasing and retention.
310 Chisholm Trail Rd offers investors a 2006-vintage asset in a suburban Round Rock location where neighborhood occupancy is exceptionally tight and school quality ranks among the metro’s better-performing areas. Population and household growth within a 3-mile radius expand the tenant base, while elevated ownership costs in the immediate area reinforce multifamily demand and can support pricing power with disciplined lease management, according to CRE market data from WDSuite.
Relative to older nearby stock, the 2006 construction provides competitive positioning with potential for targeted value-add through interiors, amenities, and mid-life systems planning. Proximity to major employers such as Dell and a broader tech and professional services corridor supports steady leasing and reduces turnover risk tied to commute preferences.
- Tight neighborhood occupancy and strong schools support leasing stability
- 2006 vintage offers competitive positioning versus older area inventory with selective value-add upside
- Growing 3-mile renter pool and high area incomes underpin demand and rent potential
- Major nearby employers bolster retention and reduce commute-related turnover
- Risk: car-oriented amenities and future rent increases require active affordability and retention management