Regulations prevent us from showing live opportunities here. These are not actual properties, but an example of our marketplace and its functionality. Sign up for free to see live opportunities.*

The Bend

6500 Bend Dr, Austin, Texas 78750, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 15, 2022, 09:26 pm

Est. IRR


Est. Yield


Est. Equity Multiple


Est. Hold Period

4 years

Est. Property Value


Year Built / Renovated

1997 / 2021



Sq. Ft.




Debt LTV


Current Rent


Target Rent




Lot Size

10.5 acres

Asset Class (Multifamily)

A multifamily is any residential property containing more than one housing unit such as a duplex, triplex, quadplex, or an apartment building.


The Bend with 162 units in Austin, Texas

The Bend is a multifamily apartment with 162 units across 13 buildings. It is located close to Austin Public Library (0.1 mi), Cameron Oaks Plaza (0.3 mi), and The Linc (1.1 mi).

This property sits on 10.5 acres of land with an average unit size of 1,013 square feet. The apartments were originally built in 1997 and were renovated in 2021, and include a BBQ/picnic area, dog park, and a business center.

Local schools include Pickle Elementary School (0.1 mi) with a 4/10 rating, Webb Middle School (0.9 mi) with a 2/10 rating, and St. Francis School (1.1 mi) with a 2/10 rating. Nearby colleges include Lipscomb University - Austin Center (1.4 mi), Austin Community Highland Campus (2.0 mi), and the University of Texas at Austin (4.2 mi).

The largest employers in the area include Walmart (0.4 mi), H-E-B (0.5 mi), and Seton Healthcare Network (0.8 mi). Nearby Fortune 500 headquarters include Oracle (6.5 mi), Tesla (8.8 mi), and Dell Technologies (10.8 mi).

The business plan would be classified as a value-add strategy which in this case means major renovations, increasing rents, and increasing occupancy.

5 Highlights about this deal:

  1. The property was purchased for $32.5 million.
  2. Currently, the property is achieving $350 premiums on upgraded units vs. classic units. The seller will continue the unit renovation to increase the rent price.
  3. All units come with 9' ceilings, faux wood flooring, patio/balcony, ceiling fan, spacious kitchen, and central air and heating.
  4. The property is located in the midst of Austin's innovation (Parmer Innovation District), education (ACC Highland), and retail sectors (Mueller Market District).
  5. Austin's Northeast Central submarket saw 20% rent growth and a 2.5% increase in occupancy over the last 12 months, outperforming the Austin MSA.

Market Highlights

Closest School

Pickle Elementary School

Pickle Elementary School(0.1 mi)


Closest University

Lipscomb University - Austin Center

Lipscomb University - Austin Center(1.4 mi)


Closest Fortune 500 Headquarters


Oracle(6.5 mi)

Industry: Computer Software

Closest Employer


Walmart(0.4 mi)

Industry: Retail

Local Employees: 6,500

Closest Transit

Highland Station

Highland Station(1.5 mi)


Closest Airport

Austin-Bergstrom International Airport

Austin-Bergstrom International Airport(6.2 mi)


On the Map

6500 Bend Dr, Austin, Texas 78750, US

Want to see more?

Sign up for Realbid and get access to the best real estate investment tools

Get started