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Ascent at Northgate 1830 W Rundberg Ln 112 Unit Apartment Building For Sale Austin, TX 78758
Investment Highlights
- Located approximately 10 minutes from The Domain retail and employment district.
- Gated community with pool, grilling area, laundry facilities, and leasing office.
- Near major employers including Apple, Dell Technologies, IBM, Oracle, and Samsung.
- Situated near Austin's established Parmer technology corridor.
- Diverse unit mix consisting of studio, one-bedroom, and two-bedroom layouts.
Executive Summary
Ascent at Northgate presents the opportunity to acquire a 111-unit multifamily community in North Central Austin, one of the region's most active employment and growth corridors. Positioned along Northgate Boulevard and approximately 10 minutes from The Domain, the property benefits from proximity to one of Austin's premier retail, dining, and entertainment destinations as well as major employment centers throughout North Austin.
The community consists of ten two-story residential buildings situated on approximately 2.98 acres and includes a mix of studio, one-bedroom, and two-bedroom floor plans. Community amenities include a gated entrance, leasing office, pool with grilling kitchen, courtyard gathering areas, laundry facilities, and a mail center. Unit interiors feature a combination of classic and renovated finishes, with approximately 72% of units reportedly renovated. Renovated residences include updated flooring, quartz countertops, shaker-style cabinetry, modern lighting, and refreshed interior finishes.
The property's location places residents near the Parmer technology corridor, home to major employers including Apple, Dell Technologies, IBM, Oracle, Samsung, Amazon, General Motors, and numerous technology and semiconductor companies. Additional demand drivers include The Domain, La Frontera, and the planned $2 billion MD Anderson Cancer Center development nearby. Austin continues to benefit from sustained population and employment growth, supporting long-term multifamily demand across the market.
With an established unit mix, significant renovated unit concentration, and access to major employment, retail, and transportation corridors, Ascent at Northgate offers investors the opportunity to acquire a multifamily asset within one of Austin's most recognized growth submarkets.
The community consists of ten two-story residential buildings situated on approximately 2.98 acres and includes a mix of studio, one-bedroom, and two-bedroom floor plans. Community amenities include a gated entrance, leasing office, pool with grilling kitchen, courtyard gathering areas, laundry facilities, and a mail center. Unit interiors feature a combination of classic and renovated finishes, with approximately 72% of units reportedly renovated. Renovated residences include updated flooring, quartz countertops, shaker-style cabinetry, modern lighting, and refreshed interior finishes.
The property's location places residents near the Parmer technology corridor, home to major employers including Apple, Dell Technologies, IBM, Oracle, Samsung, Amazon, General Motors, and numerous technology and semiconductor companies. Additional demand drivers include The Domain, La Frontera, and the planned $2 billion MD Anderson Cancer Center development nearby. Austin continues to benefit from sustained population and employment growth, supporting long-term multifamily demand across the market.
With an established unit mix, significant renovated unit concentration, and access to major employment, retail, and transportation corridors, Ascent at Northgate offers investors the opportunity to acquire a multifamily asset within one of Austin's most recognized growth submarkets.
Property Facts
| Sale Type | Investment | Lot Size | 2.98 AC |
| No. Units | 112 | Building Size | 69,700 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.27/1,000 SF |
| Zoning | MF-3 | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.98 AC |
| Building Size | 69,700 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | MF-3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Carpet
- Handrails
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Laundry Service
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 37 | - | 450 |
| 1+1 | 42 | - | 650 |
| 2+1 | 33 | - | 750 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 250110 | Improvements Assessment | $11,013,933 CAD |
| Land Assessment | $1,438,467 CAD | Total Assessment | $12,452,400 CAD |
Property Taxes
Parcel Number
250110
Land Assessment
$1,438,467 CAD
Improvements Assessment
$11,013,933 CAD
Total Assessment
$12,452,400 CAD
Contacts
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Charles Cirar -
Colin Cannata -
Connor Moore -
Alex Denton
-
Thomas Muller -
Alex Sampson -
CBRE
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Ascent at Northgate | 1830 W Rundberg Ln
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