5704 Edgemoor Dr - Apartments FOR SALE


Houston, TX 77081- Gulfton
$7,900,000 USD
281-650-9662
5704 Edgemoor Dr, Houston, TX for Sale
$7,900,000 USD
Apartments - FOR SALE
1/11
null | 6.25% Cap Rate

5704 Edgemoor Dr
Houston, TX 77081
Gulfton


HIGHLIGHTS

  • This 76-unit property offers stable income and high occupancy in a booming Southwest Houston submarket ideal for multifamily investment.
  • Residents enjoy a lush courtyard, full kitchens, private patios, and community amenities including parking, playground, and BBQ areas.
  • Located minutes from I-610 and 69, the property provides quick access to major employers, retail, dining, and key Houston destinations.
  • With a renter population over 68% and $433M in local consumer spending, the 2-mile area supports strong, long-term demand for multifamily housing.

OVERVIEW

Scottwood Apartments, at 5704 Edgemoor Drive, provides a lucrative multifamily investment with an exceptional location in Southwest Houston, Texas. Comprising 76 units with consistent occupancy and stable income, this is a meaningful chance for investors seeking to enter or expand in this booming submarket. Scottwood Apartments spans a total of 76,096 square feet with garden-style units surrounding a lush natural courtyard. The community provides attractive amenities, including a picnic area, a playground, BBQ grills, on-site parking and covered parking, and a fenced lot with professional landscaping. The property’s units include full kitchens, large windows with great natural lighting, and covered balconies/patios. Sitting within the Gulfton neighborhood of Southwest Houston, Scottwood Apartments attracts tenants with fantastic convenience to retail amenities, large job centers, and major commuters and commercial arteries. The property is easily accessible, sitting just minutes from both Interstate 610 and 69. Within a short drive, residents will be able to enjoy household name retail locations for H-E-B, Take 5 Oil Change, CVS, Walgreens, Starbucks, Dunkin’, and McDonald’s, as well as numerous popular local shops and restaurants. The neighborhood is located near top destinations, including Houston’s Medical Center Area, the Houston Museum District, The Galleria, and NRG Arena. This makes the community a popular choice for the area’s many commuting professionals. Within three miles of Scottwood Apartments, a growing population of more than 237,000 supports local rental properties. More than 68% of these locals currently rent their homes, and the area’s 2024 consumer spending included over $433 million dollars spent on household segments. This delivers a dependable and rewarding market that is ideal for new multifamily investment.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

76

PRICE/UNIT

$103,947

CAP RATE

6.25%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scottwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

NONE

APN/PARCEL ID

0370580220028

ASK ABOUT THIS PROPERTY

Sunny DurraniRealm Real StateMore Info
281-650-9662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sunny DurraniRealm Real StateMore Info
281-650-9662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.