43 Rainey St, Austin, TX 78701 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2008Total Assessed Value $82,440,000County Travis

Property Details

The Apartments property 43 Rainey St, Austin, TX 78701 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $82,440,000.

The gross building area is 211,381 square feet and the land area is 31,376 square feet for this Apartment High Rise (5+ stories) built in 2008.

Legal description: Lot 1-9 & Lot 10 Less W 5Ft Blk 2 Olt 72-73 Div E Bridgeview

$82,440,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 43 Rainey St, Austin, TX 78701, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area211,381

Land Size31,376

Land Value$20,393,750

Improved Value$62,046,250

Total Assessed Value$82,440,000

Year Built2008

County NameTravis

Account Number190861

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space384

HeatingNone

Pool1500

Roof CoverBuilt up

Roof TypeFlat

Type ConstructionOther

No of Stories5

Garage TypeParking structure 0

Number of Units187

Sales History

1/19/2021

Other$77,900,000

Buyer

Town Lake Associates Lp

Seller

Book Number

Recording Date

1/19/2021

Transaction Details

Town Lake Associates Lp acquired the property from through a Other transaction on 1/19/2021 for $77,900,000.

8/1/2018

Other$77,900,000

Buyer

Seller

Book Number

Recording Date

8/1/2018

Transaction Details

acquired the property from through a Other transaction on 8/1/2018 for $77,900,000.

4/9/2007

Arms-lengthNot Disclosed

Buyer

Town Lake Associates Lp

Seller

Spivey Broadus

Book Number

2007.66857

Recording Date

4/9/2007

Transaction Details

Town Lake Associates Lp acquired the property from Spivey Broadus through a Arms-length transaction on 4/9/2007 for .

Property constructed in 2008

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	$23,531,250	$63,003,903	$86,535,153	$86,535,153	Town Lake Associates...	2999 Olympus Blvd St...	Lot 1-9 & Lot 10 Les...	HIR	S01822	31,375	211,381
2025	$20,393,750	$62,046,250	$82,440,000	$82,440,000	Town Lake Associates...	Legacy Partners 2999...	Lot 1-9 & Lot 10 Les...	HIR	S01822	31,376	211,381
2024	$20,393,750	$67,846,250	$88,240,000	$88,240,000	Town Lake Associates...	2999 Olympus Blvd Ap...	Lot 1-9 & Lot 10 Les...	HIR	S01822	31,376	211,381
2023	$21,413,438	$73,076,562	$94,490,000	$94,490,000	Town Lake Associates...	% Legacy Partners, 2...	Lot 1-9 & Lot 10 Les...	HIR	S01822	31,376	211,381
2022	$21,413,438	$61,326,562	$82,740,000	$82,740,000	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	HIR	S01822	31,376	211,381
2021	$10,706,719	$62,693,281	$73,400,000	$73,400,000	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	08HIR	S01822	28,301	211,381
2020	$10,706,719	$67,873,281	$78,580,000	$78,580,000	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	08HIR	S01822	31,376	211,381
2019	$8,471,250	$67,428,750	$75,900,000	$75,900,000	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	08HIR	S01822	31,376	211,381
2018	$8,471,250	$57,508,750	$65,980,000	$65,980,000	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	08HIR	S01822	31,376	208,186
2017	$7,059,375	$56,112,025	$63,171,400	$63,171,400	Town Lake Associates...	% Legacy Partners, 1...	Lot 1-9 & Lot 10 Les...	08HIR	S01822	31,376	208,186

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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 ↕
43 Rainey St, Austin, TX 78701	190861	Apartments	Apartment High Rise (5+ stories)	Town Lake Associates Lp	Travis	-	$ 77,900,000	2021-01-19	$ 368.53	2008	211,381	187
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	4.8	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	2.0	$ 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	4.5	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
827 W 12 St, Austin, TX 78701	196630	Apartments	Apartment High Rise (5+ stories)	827 West 12th Street Llc	Travis	1.5	$ 15,960,000	2024-07-17	$ 134.34	2022	118,800	144
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.1	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	5.1	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	5.9	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.8	$ 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	5.9	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	7.4	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	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 ↕
—	43 Rainey St, Austin, TX 78701	—	-	31,376	2008	211,381	$ 82,440,000	$ 20,393,750	-
Amplify Credit Union	84 N Interstate Hy 35, Austin, TX 78701	06/13/2025	$ 1,471,400	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	05/29/2025	$ 420,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Bayvalley Mortgage Group	48 E Ave 2210, Austin, TX 78701	03/03/2025	$ 892,500	109	2021	1,277	$ 1,065,588	$ 73,164
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
Amplify Credit Union	84 N Interstate Hy 35, Austin, TX 78701	12/10/2024	$ 559,200	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Independent Bank	48 E Ave 2903, Austin, TX 78701	11/26/2024	$ 453,750	52	2021	641	$ 616,580	$ 36,384	Austin Property Collective Llc
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	10/10/2024	$ 95,105	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	08/01/2024	$ 608,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Capital Fund I Llc	48 E Ave 3203, Austin, TX 78701	07/25/2024	$ 383,000	52	2021	641	$ 616,519	$ 36,323
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	07/15/2024	$ 164,520	17,651	2023	276,900	$ 109,508,744	$ 8,825,255

Mean$ 543,544

Median$ 492,060.0

Loan Amount Range$ 95,105 - $ 1,471,400

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

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