1919 E Riverside Dr, Austin, TX 78741 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2023Total Assessed Value $78,000,000County Travis

Property Details

The Apartments property 1919 E Riverside Dr, Austin, TX 78741 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $78,000,000.

The gross building area is 264,897 square feet and the land area is 110,429 square feet for this Apartment High Rise (5+ stories) built in 2023.

Legal description: 2.5351 Ac Of Lot 10 Blk B Colorado Hills Estates Sec 5 Plus 7216 Sq Ft Adj Vac St

$78,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,815

Avg Rent

Property Image of 1919 E Riverside Dr, Austin, TX 78741, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area264,897

Land Size110,429

Land Value$7,730,027

Improved Value$70,269,973

Total Assessed Value$78,000,000

Year Built2023

County NameTravis

Account Number285453

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Roof CoverBuilt up

Type ConstructionConcrete

No of Stories1

Garage TypeParking Garage

Bedrooms25

Bathrooms26

PatioAvailable

Business Center1

9ft Ceilings1

Walk-in Closets1

Granite Countertops1

Steel Appliances1

Number of Units308

Sales History

11/25/2019

Arms-lengthNot Disclosed

Buyer

City Of Austin

Seller

Ars Apartments Llc

Book Number

2019.191534

Recording Date

11/25/2019

Transaction Details

City Of Austin acquired the property from Ars Apartments Llc through a Arms-length transaction on 11/25/2019 for .

8/19/2019

Arms-lengthNot Disclosed

Buyer

Ars Apartments Llc

Seller

Rd 1919 Riverside Llc

Book Number

2019.125761

Recording Date

8/19/2019

Transaction Details

Ars Apartments Llc acquired the property from Rd 1919 Riverside Llc through a Arms-length transaction on 8/19/2019 for .

2/1/2018

Arms-lengthNot Disclosed

Buyer

Riverside Retail Ltd

Seller

Nassour Jimmy

Book Number

2018015270

Recording Date

2/1/2018

Transaction Details

Riverside Retail Ltd acquired the property from Nassour Jimmy through a Arms-length transaction on 2/1/2018 for .

1/30/2018

Arms-lengthNot Disclosed

Buyer

Riverside Retail Ltd

Seller

Nassour Jimmy

Book Number

2018.15270

Recording Date

1/30/2018

Transaction Details

Riverside Retail Ltd acquired the property from Nassour Jimmy through a Arms-length transaction on 1/30/2018 for .

12/29/2017

Arms-lengthNot Disclosed

Buyer

Greenwood John

Seller

The Undersigned Riverside Retail Ltd

Book Number

2017206203

Recording Date

12/29/2017

Transaction Details

Greenwood John acquired the property from The Undersigned Riverside Retail Ltd through a Arms-length transaction on 12/29/2017 for .

11/20/2017

Arms-lengthNot Disclosed

Buyer

Greenwood John

Seller

Riverside Reatail Ltd

Book Number

2017.184423

Recording Date

11/20/2017

Transaction Details

Greenwood John acquired the property from Riverside Reatail Ltd through a Arms-length transaction on 11/20/2017 for .

Property constructed in 2023

YSale Price (USD) byXSales Year

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Mortgage History

12/20/2012

Arms length residential transactions purchase or resales$580,000

Borrower

Nassour Jimmy

Lender

Stillwater National Bank & Trust Co

Book Number

2012.219993

Recording Date

12/20/2012

Transaction Details

Nassour Jimmy borrowed the property from Stillwater National Bank & Trust Co through a Arms length residential transactions purchase or resales transaction on 12/20/2012 for $580,000.

Property constructed in 2023

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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	$7,730,027	$64,035,633	$71,765,660	$71,765,660	Ars Apartments Llc	3889 Maple Ave 200	2.5351 Ac Of Lot 10 ...	SE	S03113	110,429	264,897
2025	$7,730,027	$70,269,973	$78,000,000	$78,000,000	Ars Apartments Llc	3889 Maple Ave 200	2.5351 Ac Of Lot 10 ...	SE	S03113	110,429	264,897
2024	$7,730,027	$76,269,973	$84,000,000	$84,000,000	Ars Apartments Llc	3889 Maple Ave 200	2.5351 Ac Of Lot 10 ...	SE	S03113	110,429	264,897
2023	$5,521,448	$54,778,552	$60,300,000	$60,300,000	Ars Apartments Llc	3889 Maple Ave #200	2.5351 Ac Of Lot 10 ...	SE	S03113	110,429	254,100
2022	$5,521,448	$26,315,867	$31,837,315	$31,837,315	Ars Apartments Llc	3889 Maple Ave #200	2.5351 Ac Of Lot 10 ...	SE	S03113	110,429	254,100
2021	$5,521,448	$7,177,055	$12,698,503	$12,698,503	Ars Apartments Llc	3889 Maple Ave #200	2.5351 Ac Of Lot 10 ...	08SE	S03113	110,429	254,100
2020	$5,521,448	$373,736	$5,895,184	$5,895,184	Ars Apartments Llc	3889 Maple Ave #200	2.5351 Ac Of Lot 10 ...	46CEN	S03113	110,429	22,194
2019	$3,312,869	$373,736	$3,686,605	$3,686,605	Rd 1919 Riverside Ll...	3805 Far West Blvd S...	2.55 Ac Of Lot 10 Bl...	46CEN	S03113	111,078	22,194
2018	$2,221,560	$178,404	$2,399,964	$2,399,964	Rd 1919 Riverside Ll...	3805 Far West Blvd S...	2.55 Ac Of Lot 10 Bl...	46CEN	S03113	111,078	22,194
2017	$2,308,820	$87,260	$2,396,080	$2,396,080	Riverside Retail Ltd	% Jimmy Nassour, 383...	2.55 Ac Of Lot 10 Bl...	46SCN	S03113	111,078	22,194

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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 ↕
1919 E Riverside Dr, Austin, TX 78741	285453	Apartments	Apartment High Rise (5+ stories)	Ars Apartments Llc	Travis	-	-	-	-	2023	264,897	308
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	0.8	$ 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
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	7.0	$ 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	6.2	$ 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	6.8	$ 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	6.3	$ 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	6.0	$ 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	7.1	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	5.8	$ 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	9.2	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-

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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 ↕
—	1919 E Riverside Dr, Austin, TX 78741	—	-	110,429	2023	264,897	$ 78,000,000	$ 7,730,027	-
Network Funding Lp	1402 Parker Ln, Austin, TX 78741	07/10/2025	$ 155,000	3,058	2007	1,420	$ 391,652	$ 137,520
First United Bk&tr Company	2209 Woodland Ave, Austin, TX 78704	06/06/2025	$ 355,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
First United Bank & Trust Co	2209 Woodland Ave, Austin, TX 78704	05/30/2025	$ 470,250	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
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
Walker & Dunlop Llc	1500 E Riverside Dr, Austin, TX 78741	04/29/2025	$ 13,000,000	337,869	1963	144,018	$ 32,290,000	$ 32,290,000	Park Place Associates Limited
Arixa Institutional Lndg Ptrs	2209 Woodland Ave, Austin, TX 78704	04/14/2025	$ 14,000,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
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
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
Walker & Dunlop Llc	1616 Royal Crest Dr, Austin, TX 78741	12/17/2024	$ 8,185,000	211,671	1968	84,230	$ 11,436,140	$ 4,233,400

Mean$ 7,868,328

Median$ 629,692.5

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

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1919 E RIVERSIDE DR, AUSTIN, TX 78741-1357	AMERICAN BINGO	5124482468	GAMES & GAME SUPPLIES
1919 E RIVERSIDE DR, AUSTIN, TX 78741-1357	AMERICAN BINGO	5124482468	BINGO GAMES
1919 E RIVERSIDE DR, AUSTIN, TX 78741-1357	DRAGON DELIGHTS	5127711352	NONCLASSIFIED ESTABLISHMENTS

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License Details

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