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Multifamily Active Call for Offers ID NX-1001
The Meridian at Riverside
2150 Riverside Dr · Austin, TX
Asking Price
$68,500,000
Offers due Oct 21, 2026
Property Overview
A 288-unit Class A garden-style community minutes from downtown Austin with resort amenities, structured parking and meaningful rent upside through a light value-add program.
The property is being offered on an as-is basis. Execute the confidentiality agreement below to access the offering memorandum, rent roll, operating statements and third-party reports.
Investment Highlights
- 95% occupied with strong in-place rent growth
- Average unit size of 1,083 SF
- Walk to the Lady Bird Lake trail system
- Opportunity to add smart-home and premium finish packages
- Assumable agency financing available
Key Facts
- Property Type
- Multifamily
- Asking Price
- $68,500,000
- Building Size
- 312,000 SF
- Units / Keys
- 288
- Year Built
- 2019
- Occupancy
- 95%
- Cap Rate
- 5.10%
- NOI
- $3,493,500
- Price / SF
- $220
Due Diligence Documents
Offering Memorandum 1
- PDFOffering MemorandumPDF · 1 KBLog in
Financials 1
- PDFTrailing 12-Month Operating StatementPDF · 2 KBLog in
Leases & Rent Roll 1
- PDFRent Roll / Lease AbstractsPDF · 1 KBLog in
Property Reports 1
- PDFThird-Party Reports (PCA, Phase I)PDF · 2 KBLog in
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