1909 Alexander Ave, Austin, TX 78722 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2024Total Assessed Value $98,690,000County Travis

Property Details

The Apartments property 1909 Alexander Ave, Austin, TX 78722 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $98,690,000.

The gross building area is 283,800 square feet and the land area is 176,200 square feet for this Apartment High Rise (5+ stories) built in 2024.

Legal description: Redeemer Presbyterian Subd Resub Lt 3 Blk A Lot 4-8

$98,690,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1909 Alexander Ave, Austin, TX 78722, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area283,800

Land Size176,200

Land Value$12,334,014

Improved Value$86,355,986

Total Assessed Value$98,690,000

Year Built2024

County NameTravis

Account Number888296

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Number of Units344

Sales History

5/29/2025

Arms-lengthNot Disclosed

Buyer

City Of Austin

Seller

Hs 2900 Mlk Venture Llc

Book Number

2025.61688

Recording Date

5/29/2025

Transaction Details

City Of Austin acquired the property from Hs 2900 Mlk Venture Llc through a Arms-length transaction on 5/29/2025 for .

Property constructed in 2024

YSale Price (USD) byXSales Year

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$10,916,136	$83,940,950	$94,857,086	$94,857,086	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Redeemer Presbyteria...	EC	S19556	155,945	283,800
2025	$12,334,014	$86,355,986	$98,690,000	$98,690,000	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Redeemer Presbyteria...	EC	S19556	176,200	283,800
2024	$12,334,014	$5,658,830	$17,992,844	$17,992,844	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Redeemer Presbyteria...	EC	S19556	176,200	283,800
2023	$14,096,016	$6,508,102	$20,604,118	$20,604,118	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Redeemer Presbyteria...	EC	S19556	176,200	283,800
2022	$5,286,006	$4,302,976	$9,588,982	$9,588,982	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Redeemer Presbyteria...	EC	S19556	176,200	283,800
2021	$2,499,908	-	$2,499,908	$2,499,908	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Lot 7-8 Redeemer Pre...	1EC3	S19556	83,330	-
2020	$1,583,842	-	$1,583,842	$1,583,842	Hs 2900 Mlk Venture ...	500 W 2nd St Ste 140...	Lot 7 Redeemer Presb...	1EC3	S19556	52,795	-
2019	$1,583,842	-	$1,583,842	$1,583,842	Cityline At Mlk Stat...	704 W Monroe St Unit...	Lot 7 Redeemer Presb...	1EC3	S19556	52,795	-
2018	$1,583,842	-	$1,583,842	$1,583,842	Cityline At Mlk Stat...	704 W Monroe St Unit...	Lot 7 Redeemer Presb...	1EC3	S19556	52,795	-

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1909 Alexander Ave, Austin, TX 78722	888296	Apartments	Apartment High Rise (5+ stories)	Hs 2900 Mlk Venture Llc	Travis	-	-	-	-	2024	283,800	344
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.1	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.0	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	3.1	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	3.8	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	3.7	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	2.4	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	6.5	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	7.8	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
12000 Dessau Rd, Austin, TX 78754	502274	Apartments	Apartment High Rise (5+ stories)	Cws Canyon Llc & Beachwood Canyon	Travis	7.5	$ 34,670,440	2025-08-26	$ 148.29	2008	233,808	264
8110 Blue Goose Rd, Manor, TX 78653	956771	Apartments	Apartment High Rise (5+ stories)	Eightyone10 Blue Goose Lp	Travis	7.5	$ 42,014,700	2024-08-23	$ 148.86	2022	282,251	300

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1909 Alexander Ave, Austin, TX 78722	—	-	176,200	2024	283,800	$ 98,690,000	$ 12,334,014	-
Readycap Commercial Llc	2515 Manor Rd, Austin, TX 78722	08/29/2025	$ 2,766,000	38,568	1985	26,109	$ 7,049,430	$ 3,085,285	F & B 2515 Manor Rd Llc
Readycap Commercial Llc	2408 Manor Rd, Austin, TX 78722	08/29/2025	$ 3,508,000	55,670	1985	31,674	$ 8,551,980	$ 4,453,520	F & B 2408 Manor Rd Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Gs Go Ii Reit Llc	1909 Rio Grande St, Austin, TX 78705	03/19/2025	$ 214,800,000	21,249	2017	165,708	$ 76,967,296	$ 4,780,928	2025 Student Ii Ll Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Readycap Coml Llc	2704 French Pl, Austin, TX 78722	11/27/2024	$ 2,005,000	15,202	1972	13,668	$ 3,690,360	$ 1,216,195	2704 French Place Llc
German American Cap Corp	1648 E 6 St, Austin, TX 78702	11/05/2024	$ 525,000,000	21,758	2018	56,952	$ 33,400,000	$ 3,264,000	Irp Indie Apartments Llc
German American Cap Corp	1614 E 6 St, Austin, TX 78702	11/05/2024	$ 525,000	31,999	2020	98,532	$ 40,100,000	$ 4,800,000	Irp Candela Apartments Llc

Mean$ 52,017,268

Median$ 4,114,000.0

Loan Amount Range$ 95,105 - $ 525,000,000

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License Details

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