2213 Cascades Ave, Austin, TX 78747 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $74,220,381County Travis

Property Details

The Apartments property 2213 Cascades Ave, Austin, TX 78747 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $74,220,381.

The gross building area is 253,980 square feet and the land area is 668,102 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: Lot 1 Blk U Cascades At Onion Creek West Phs 1

$74,220,381

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,263

Avg Rent

Property Image of 2213 Cascades Ave, Austin, TX 78747, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area253,980

Land Size668,102

Land Value$6,012,914

Improved Value$68,207,467

Total Assessed Value$74,220,381

Year Built2022

County NameTravis

Account Number937555

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

No of Stories3

Number of Units264

Sales History

11/12/2021

Arms-lengthNot Disclosed

Buyer

Cascades Cover Two Llc

Seller

Cascades At Onion Creek Multifamily Lp

Book Number

2021.250952

Recording Date

11/12/2021

Transaction Details

Cascades Cover Two Llc acquired the property from Cascades At Onion Creek Multifamily Lp through a Arms-length transaction on 11/12/2021 for .

11/10/2021

Arms-lengthNot Disclosed

Buyer

Cascades Cover Two Llc

Seller

Cascades At Onion Creek Multifamily Lp

Book Number

2021.250953

Recording Date

11/10/2021

Transaction Details

Cascades Cover Two Llc acquired the property from Cascades At Onion Creek Multifamily Lp through a Arms-length transaction on 11/10/2021 for .

Property constructed in 2022

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	$6,012,914	$39,425,941	$45,438,855	$45,438,855	Cascades Cover Two L...	Po Box 9190	Lot 1 Blk U Cascades...	SC3	S20489	668,102	253,980
2025	$6,012,914	$68,207,467	$74,220,381	$74,220,381	Cascades Cover Two L...	Po Box 9190	Lot 1 Blk U Cascades...	SC3	S20489	668,102	253,980
2024	$6,012,914	$33,678,002	$39,690,916	$39,690,916	Cascades Cover Two L...	Po Box 9190	Lot 1 Blk U Cascades...	SC3	S20489	668,102	253,980
2023	$1,336,203	$25,276,699	$26,612,902	$26,612,902	Cascades Cover Two L...	Po Box 9190	Lot 1 Blk U Cascades...	SE2	S20489	668,102	253,980
2022	$1,336,203	$1,347,745	$2,683,948	$2,683,948	Cascades Cover Two L...	Po Box 9190	Lot 1 Blk U Cascades...	SE2	S20489	668,102	253,980
2021	$1,336,203	-	$1,336,203	$1,336,203	M/i Homes Of Austin ...	Views At Onion Creek...	Lot 1 Blk U Cascades...	1SE2	S20489	668,102	-

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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 ↕
2213 Cascades Ave, Austin, TX 78747	937555	Apartments	Apartment High Rise (5+ stories)	Cascades Cover Two Llc	Travis	-	-	-	-	2022	253,980	264
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	2.9	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	2.8	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	6.1	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	8.2	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	8.4	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	14.2	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
9301 Old Bee Caves Rd, Austin, TX 78737	583370	Apartments	Apartment High Rise (5+ stories)	Lcp Mfiii Conservancy Llc	Travis	10.8	$ 36,020,390	2024-12-23	$ 180.27	2015	199,816	240
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	12.8	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	14.0	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	17.1	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-

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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 ↕
—	2213 Cascades Ave, Austin, TX 78747	—	-	668,102	2022	253,980	$ 74,220,381	$ 6,012,914	-
Mercy Community Capital	2101 Davis Ln, Austin, TX 78745	06/23/2025	$ 1,047,813	267,894	1999	44,168	$ 3,510,000	$ 1,071,576	Cobblestone Senior Housing Lim
Protective Life Insurance Co	1900 Burton Dr, Austin, TX 78741	05/30/2025	$ 5,650,000	207,302	1972	98,546	$ 13,505,824	$ 4,146,000	Flats On Burton Llc
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Guardian Life Insurance Coame	11301 Farrah Ln, Austin, TX 78748	05/06/2025	$ 30,000,000	613,020	2013	243,351	$ 54,549,436	$ 12,260,398	Mfrevf Iiidouble Creek Lp
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Bellco Credit Union	1704 Nelms Dr, Austin, TX 78744	03/06/2025	$ 22,000,000	647,689	1996	287,740	$ 50,137,900	$ 1,943,067
Rga Reinsurance Co	122 Sheraton Ave, Austin, TX 78745	02/28/2025	$ 37,950,000	146,405	2022	210,375	$ 71,597,625	$ 4,392,155
Foundation Communities Inc	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390	-
Texas Department Of Housing An	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390
Teachers Insurance&annuity Ass	7301 S Ih 35, Austin, TX 78752	12/20/2024	$ 30,150,000	588,970	2024	223,575	$ 57,370,811	$ 8,834,543

Mean$ 21,133,637

Median$ 17,072,000.0

Loan Amount Range$ 50,000 - $ 60,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32090903884

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

7/25/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	MICHAEL MURUATO LLC
	Address Line	2333 cascades ave apt 5307
	City / State / Zip	austin TX 78747
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78747
Registration Details	SOS Code	A

License Timeline

License Issued

7/25/2023

Currently Active

Status: -

Renewal Required

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