Scottwood 5704 Edgemoor Dr 76 Unit Apartment Building $7,250,000 ($95,395/Unit) 6.81% Cap Rate Houston, TX 77081

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.