5704 Edgemoor Dr - Apartments FOR SALE


Houston, TX 77081- Gulfton
$7,250,000 USD
281-650-9662
5704 Edgemoor Dr, Houston, TX for Sale
$7,250,000 USD
Apartments - FOR SALE
1/11
null | 7.25% Cap Rate

5704 Edgemoor Dr
Houston, TX 77081
Gulfton


HIGHLIGHTS

  • 76-unit multifamily community in central Houston.
  • Seven-building garden-style layout with pool amenity.
  • Strong connectivity to US-59, I-610, and Galleria area.
  • Attractive 7.6% CAP rate with value-add potential.

OVERVIEW

This 76-unit, seven-building multifamily property offers a compelling investment opportunity in the heart of Houston’s dynamic rental market. Situated at 5704 Edgemoor Drive, the asset features a classic garden-style design with well-maintained brick exteriors and a central courtyard pool, creating a desirable living environment for residents. The property’s layout promotes community appeal while providing efficient operational management. Located within minutes of major employment hubs and retail corridors, this property benefits from strong connectivity to US-59, I-610, and the Galleria area, ensuring consistent tenant demand. Houston’s robust economy, diverse job base, and population growth further enhance the long-term stability of this investment. With a 7.6% CAP rate, investors can expect attractive in-place returns with potential upside through strategic renovations and rent optimization. The surrounding neighborhood offers a mix of residential and commercial uses, providing convenient access to shopping, dining, and public transportation. This asset is well-positioned for both seasoned investors seeking cash flow and operators looking to implement a value-add program.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

76

PRICE/UNIT

$95,395

CAP RATE

7.25%

% 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

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281-650-9662

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Sunny DurraniRealm Real StateMore Info
281-650-9662

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