2400 E 6 ST TX 78702
| Owner | CPT AUSTIN EAST 6TH LP |
|---|---|
| Parcel ID | 0204100210 |
| Short ID | 850302 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 108,741 SF |
| Land SF | 95,769 SF |
| Acres | 2.199 |
| Year Built | 2016 |
| Legal | LOT 2 BLK A EAST SIXTH VILLAGE |
| Neighborhood | 08EC |
| Land | $7,182,675 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,182,675 |
| Improvement | $51,517,325 |
|---|---|
| Total Improvement | $51,517,325 |
| Market | $58,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $58,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $58,700,000 |
| Taxable Value | $58,700,000 |
|---|
Appreciation: Market value has risen +3699.3% from $1,545,018 (2021) to $58,700,000 (2025), a CAGR of 148.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,201,287. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 12% of market value ($7,182,675 land vs $51,517,325 improvements), about $75/SF of land. Most value sits in the improvements, so building condition, age (~10 yrs), and rent roll drive the underwriting.
Submarket Position: At $58,700,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +148.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,536,927,010 by 2030, with an estimated annual tax burden around $1,780,832. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 125,000 SF | ✓ |
| 1ST | 1st Floor | 40,180 SF | ✓ |
| 2ND | 2nd Floor | 34,280 SF | ✓ |
| 3RD | 3rd Floor | 34,280 SF | ✓ |
| 4TH | 4th Floor | 34,280 SF | ✓ |
| 5TH | 5th Floor | 34,280 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $543,092.40 | $543,092.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $307,597.98 | $307,597.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $220,621.02 | $220,621.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $69,279.50 | $69,279.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $60,695.80 | $60,695.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,201,286.70 | $1,201,286.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $55,550,000 | $58,700,000 | -5.4% |
| Assessed Value | $55,550,000 | $58,700,000 | -5.4% |
| Land Value | $7,182,675 | $7,182,675 | +0.0% |
| Improvement Value | $48,367,325 | $51,517,325 | -6.1% |
| Taxable Value | $55,550,000 | $58,700,000 | -5.4% |
| Total Tax 2026 = estimate |
~$1,136,822
Estimated
|
~$1,201,287
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $58,510,495 | $55,550,000 | -2,960,495 (-5.1%) |
| Taxable Value | $58,510,495 | $55,550,000 | -2,960,495 (-5.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $55,550,000 | $7,182,675 | $48,367,325 | — | $55,550,000 | $55,550,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $58,700,000 | $7,182,675 | $51,517,325 | — | $58,700,000 | $58,700,000 | ~$1,201,287 | Partial |
| 2024 | $67,000,000 | — | — | — | — | $— | $1,208,756 | Verified |
| 2023 | $66,710,000 | — | — | — | — | $— | $1,217,056 | Verified |
| 2022 | $56,500,000 | — | — | — | — | $— | $1,247,863 | Verified |
| 2021 | $1,545,018 | — | — | — | — | $— | $1,232,024 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.3% | -0.3% | ~100% | Not available | Partial |
| 2025 | -7.5% | -7.5% | ~100% | Not available | Partial |
| 2024 | -11.8% | -11.8% | ~100% | 1.9100% | Verified |
| 2023 | +7.8% | +7.8% | ~100% | 1.6900% | Verified |
| 2022 | +13.8% | +13.8% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 79.7400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.4% | +711.5% | +151.1% | +3556.9% | 2022 | -12.4% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,201,287 | $1,221,397 | ~$1,531,617 | $1,247,863 | 2022 | $1,201,287 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$145,735,126 | ~$64,570,000 | ~2.0139% | ~$1,300,399 | +148.3% |
| 2027 | ~$361,818,176 | ~$71,027,000 | ~1.9814% | ~$1,407,320 | +516.4% |
| 2028 | ~$898,289,906 | ~$78,129,700 | ~1.9488% | ~$1,522,622 | +1430.3% |
| 2029 | ~$2,230,194,082 | ~$85,942,670 | ~1.9163% | ~$1,646,912 | +3699.3% |
| 2030 | ~$5,536,927,010 | ~$94,536,937 | ~1.8837% | ~$1,780,832 | +9332.6% |
| 2026 | ~$144,561,126 | ~$64,570,000 | ~2.0465% | ~$1,321,415 | +146.3% |
| 2027 | ~$356,012,251 | ~$71,027,000 | ~2.0465% | ~$1,453,557 | +506.5% |
| 2028 | ~$876,755,228 | ~$78,129,700 | ~2.0465% | ~$1,598,913 | +1393.6% |
| 2029 | ~$2,159,194,599 | ~$85,942,670 | ~2.0465% | ~$1,758,804 | +3578.4% |
| 2030 | ~$5,317,471,932 | ~$94,536,937 | ~2.0465% | ~$1,934,684 | +8958.7% |
| 2026 | ~$146,909,126 | ~$64,570,000 | ~1.9977% | ~$1,289,891 | +150.3% |
| 2027 | ~$367,671,061 | ~$71,027,000 | ~1.9488% | ~$1,384,202 | +526.4% |
| 2028 | ~$920,174,348 | ~$78,129,700 | ~1.9000% | ~$1,484,477 | +1467.6% |
| 2029 | ~$2,302,930,311 | ~$85,942,670 | ~1.8512% | ~$1,590,966 | +3823.2% |
| 2030 | ~$5,763,568,640 | ~$94,536,937 | ~1.8024% | ~$1,703,907 | +9718.7% |
In 2025, this property's market value of $58,700,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 113× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $58,700,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $67,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $66,710,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $56,500,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,545,018 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.