Austin Multifamily Market: A Data Dive for Investors
Househacking in Austin or going bigger? Good luck competing with the whole country. Now that I’m in the multifamily market, I’ve had to scrape information from a Real Estate Data Aggregator/Tax Assessor site to start contacting possible sellers. As such I’ve limited it to
Multifamily between 4-150 units and
Buildings older than 1980 to avoid too big of a turn
Built through a mix of selenium, requests, and beautiful soup and then skiptraced to obtain owner information as well
I did a quick EDA of these multifamily properties in Austin and I gathered ~1100 samples with a few interesting data points
The real estate cycle
- I put a hard cap at 1980, but it tracks with a massive Texas oil boom and bust that really set back the real estate industry.
- The same pattern can be seen where 2005-2010 saw significant decline in new builds following the great recession.
distribution of unit size
- Obviously the smaller the unit size, the more common the building.
- Quadplexes are the most popular by a significant margin due to the ease of conventional financing.
- These are residential units, so the 2 means the building is mixed use.
The biggest owners in Austin
- Personal names have been blurred out for privacy, if you’re buying commercial you should really start using LLCs.
- Round Rock LLC is a California based company that holds several 4-plexes which is explains why it holds 40 properties. Most large commercial builds will usually house a single property per LLC
Email me nelson@connectrecap.com for the data set
Data includes:
"Address",
"Owner_Names",
"Owner_addresses",
"Owner_Phones",
"Owner_Emails"
"Year built",
"Year renovated",
"Stories",
"Number of buildings",
"Existing FAR",
"Commercial units",
"Residential units",
"Total Units",
"Building area",
"Property type",
"Lot area SF",
"Lot area Acres",
"Zoning",
"Depth",
"Frontage",
"Census tract",
"Opportunity Zone",
"Metro",
"County",
"Municipality",
"Minor Civil Division",
"Neighborhood",
"Legal"