3700 N Main St, Taylor Multifamily Investment

Located in Taylor’s Inner Suburb, the property benefits from a neighborhood rating of C with occupancy that is competitive among Austin-Round Rock-Georgetown neighborhoods (ranked 196 out of 527) and in the top quartile nationally by occupancy percentile—an indicator of stable leasing conditions rather than property-level performance. Grocery and daily-needs access show relative strength (national percentiles in the mid-60s for grocery and restaurants, and high-70s for pharmacies), while parks, cafes, and childcare are thinner locally, which may modestly temper lifestyle appeal.

Home values sit in the lower half of national comparisons, but the value-to-income ratio ranks in the top decile nationally, reflecting a high-cost ownership market relative to local incomes. For multifamily investors, that dynamic typically sustains renter reliance on apartments and supports retention, even as lease management must remain responsive to affordability pressure indicated by a low national percentile for rent-to-income metrics.

The asset’s 2012 construction is newer than the neighborhood average year built (1992), positioning it competitively versus older stock in this part of the metro. Investors should still underwrite routine modernization and systems maintenance over the hold period, but the relative vintage supports leasing against older comparables.

Within a 3-mile radius, WDSuite’s data indicates modest population growth over the last five years, with a notably larger increase in households and a decline in average household size. Looking ahead, forecasts point to continued household growth through 2028 and further reductions in household size—both supportive of a larger tenant base and occupancy stability. Median and mean household incomes have trended higher historically and are projected to rise further, which can help absorb rent growth, though pricing should remain calibrated to avoid elevating retention risk.