Generally the answer that question is yes. Not only could it be an eyesore, but there will be quite a bit of activity in & out, noise, dumpsters, etc. related to the apartment building. Also, if they have any kind of balconies or windows they can look down on many of the surrounding homes thus compromising the privacy and security of the neighborhood.
Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Call 512-261-4415