505 W 18 ST TX 78701
| Owner | KAYANN HOLDINGS LLC |
|---|---|
| Parcel ID | 0210021104 |
| Short ID | 199772 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,703 SF |
| Land SF | 6,763 SF |
| Acres | 0.155 |
| Year Built | 1983 |
| Legal | LOT 10 & W 7' OF LOT 11 OLT 28 DIVISION E |
| Neighborhood | 05CBD |
| Land | $3,381,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,381,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,381,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,381,500 |
| Value Limitation Adjustment (−) (homestead cap) | −$597,445 |
| Net Appraised (assessed) | $2,784,055 |
| Taxable Value | $2,784,055 |
|---|
Appreciation: Market value has risen +162.5% from $1,288,000 (2021) to $3,381,500 (2025), a CAGR of 27.3% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $56,975. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,784,055) is $597,445 below market value, suggesting potential for an upward assessment in future years.
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 100% of market value ($3,381,500 land vs $0 improvements), about $500/SF of land. With value concentrated in the land under a ~43-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,381,500, 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 +27.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,300,595 by 2030, with an estimated annual tax burden around $84,462. 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.
15 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,307 SF | ✓ |
| 2ND | 2nd Floor | 2,307 SF | ✓ |
| 3RD | 3rd Floor | 1,089 SF | ✓ |
| 551 | PAVED AREA | 909 SF | ✗ |
| SO | Sketch Only | 720 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 494 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 374 SF | ✗ |
| 611 | TERRACE | 356 SF | ✗ |
| 511 | DECK | 240 SF | ✗ |
| 581C | STORAGE ATT COMM | 124 SF | ✓ |
| 435 | FENCE IRON LF | 101 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
Market value changed by 147% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $25,758.08 | $25,758.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,588.92 | $14,588.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,463.73 | $10,463.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,285.83 | $3,285.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,878.71 | $2,878.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,975.27 | $56,975.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,761,579 | $3,381,500 | -47.9% |
| Assessed Value | $1,761,579 | $2,784,055 | -36.7% |
| Land Value | $1,690,750 | $3,381,500 | -50.0% |
| Improvement Value | $70,829 | — | — |
| Taxable Value | $1,761,579 | $2,784,055 | -36.7% |
| Total Tax 2026 = estimate |
~$36,050
Estimated
|
~$56,975
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,761,579 | $1,761,579 | +0 (+0.0%) |
| Taxable Value | $1,761,579 | $1,761,579 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,761,579 | $1,690,750 | $70,829 | — | $1,761,579 | $1,761,579 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,381,500 | $3,381,500 | — | −$597,445 | $2,784,055 | $2,784,055 | ~$56,975 | Partial |
| 2024 | $1,933,372 | — | — | — | $3,381,500 ! | $— | $45,979 | Verified |
| 2023 | $1,425,750 | — | — | — | $1,933,372 ! | $— | $34,979 | Verified |
| 2022 | $1,298,900 | — | — | −$453,525 | $845,375 | $— | $28,157 | Verified |
| 2021 | $1,288,000 | — | — | −$442,625 | $845,375 | $— | $28,273 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -47.9% | -36.7% | ~100% | Not available | Partial |
| 2025 | -3.8% | +20.0% | 82.3% | Not available | Partial |
| 2024 | -0.1% | -34.1% | 66.0% | 1.3100% | Verified |
| 2023 | +146.8% ! | +146.8% | ~100% | 0.9900% | Verified |
| 2022 | +9.8% | +9.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +160.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -47.9% | +14.6% | +50.7% | +74.9% | 2025 | -47.9% | 2026 |
| Assessment Ratio | 100.0% | 103.9% | — | 174.9% | 2024 | 65.1% | 2022 |
| Effective Tax Rate (2025) | 1.6800% | 1.6800% | — | 1.6800% | 2025 | 1.6800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$56,975 | $38,873 | ~$72,642 | $56,975 | 2025 | $28,157 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,304,352 | ~$3,062,461 | ~2.0139% | ~$61,676 | +27.3% |
| 2027 | ~$5,479,061 | ~$3,368,707 | ~1.9814% | ~$66,747 | +62.0% |
| 2028 | ~$6,974,363 | ~$3,705,577 | ~1.9488% | ~$72,216 | +106.3% |
| 2029 | ~$8,877,750 | ~$4,076,135 | ~1.9163% | ~$78,111 | +162.5% |
| 2030 | ~$11,300,595 | ~$4,483,748 | ~1.8837% | ~$84,462 | +234.2% |
| 2026 | ~$4,236,722 | ~$3,062,461 | ~2.0465% | ~$62,673 | +25.3% |
| 2027 | ~$5,308,240 | ~$3,368,707 | ~2.0465% | ~$68,940 | +57.0% |
| 2028 | ~$6,650,757 | ~$3,705,577 | ~2.0465% | ~$75,834 | +96.7% |
| 2029 | ~$8,332,814 | ~$4,076,135 | ~2.0465% | ~$83,417 | +146.4% |
| 2030 | ~$10,440,282 | ~$4,483,748 | ~2.0465% | ~$91,759 | +208.7% |
| 2026 | ~$4,371,982 | ~$3,062,461 | ~1.9977% | ~$61,178 | +29.3% |
| 2027 | ~$5,652,588 | ~$3,368,707 | ~1.9488% | ~$65,651 | +67.2% |
| 2028 | ~$7,308,299 | ~$3,705,577 | ~1.9000% | ~$70,407 | +116.1% |
| 2029 | ~$9,448,987 | ~$4,076,135 | ~1.8512% | ~$75,457 | +179.4% |
| 2030 | ~$12,216,709 | ~$4,483,748 | ~1.8024% | ~$80,814 | +261.3% |
In 2025, this property's market value of $3,381,500 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 7× 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 | $3,381,500 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,933,372 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,425,750 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,298,900 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,288,000 | $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.