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Synott Square Apartments 9402 Synott Rd 108 Unit Apartment Building For Sale Houston, TX 77083
Investment Highlights
- Assumable Loan at 3.34% Interest Rate - Matures in 2031
- $2MM+ in Value Enhancement by Upgrading Remaining 102 Lightly Renovated Units
- 70% of the Units are 2-Bedrooms
- $118/Month Proven Premiums on Five Renovated Units
- Washer and Dryer Connections in Every Unit
- Assumable Property Insurance ($83,029.99/Year)
Executive Summary
Summary:
The Multifamily Group is pleased to present the exclusive opportunity to acquire Synott Square,
a compelling value-add multifamily investment located in Houston, Texas. Built in 1983, the property
comprises 108 units with an average unit size of 760 square feet. The community offers a
mix of one- and two-bedroom floor plans, with two-bedroom units representing approximately
70% of the unit mix (76 units).
Synott Square is currently 96% physically occupied, with economic occupancy averaging 91%
over the trailing 12 months and improving to 93% in recent months as collections strengthened
and delinquency declined. The property also has an assumable loan with a balance of approximately
$6,376,772, an interest rate of 3.34%, and a little under five years remaining on the
term, as well as the opportunity to assume the existing insurance policy, which was renewed in
November 2025 at an annual premium of approximately $83,030 ($768 per unit).
Location:
Synott Square is strategically located in West Houston, one of the city’s most established and
densely populated residential corridors. Positioned near the intersection of Highway-6 and the
Westpark Tollway, the property benefits from excellent connectivity to major employment centers
throughout the Energy Corridor, Westchase District, and Downtown Houston. Residents enjoy
convenient access to Interstate-69, and Beltway 8, allowing for easy commutes across the Houston
MSA.
The Multifamily Group is pleased to present the exclusive opportunity to acquire Synott Square,
a compelling value-add multifamily investment located in Houston, Texas. Built in 1983, the property
comprises 108 units with an average unit size of 760 square feet. The community offers a
mix of one- and two-bedroom floor plans, with two-bedroom units representing approximately
70% of the unit mix (76 units).
Synott Square is currently 96% physically occupied, with economic occupancy averaging 91%
over the trailing 12 months and improving to 93% in recent months as collections strengthened
and delinquency declined. The property also has an assumable loan with a balance of approximately
$6,376,772, an interest rate of 3.34%, and a little under five years remaining on the
term, as well as the opportunity to assume the existing insurance policy, which was renewed in
November 2025 at an annual premium of approximately $83,030 ($768 per unit).
Location:
Synott Square is strategically located in West Houston, one of the city’s most established and
densely populated residential corridors. Positioned near the intersection of Highway-6 and the
Westpark Tollway, the property benefits from excellent connectivity to major employment centers
throughout the Energy Corridor, Westchase District, and Downtown Houston. Residents enjoy
convenient access to Interstate-69, and Beltway 8, allowing for easy commutes across the Houston
MSA.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 3.95 AC |
| No. Units | 108 | Building Size | 75,044 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | B | Parking Ratio | 2.15/1,000 SF |
| Zoning | B1 | ||
| Sale Type | Investment |
| No. Units | 108 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.95 AC |
| Building Size | 75,044 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | B1 |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Playground
- Pool
- Property Manager on Site
- Gated
- Maintenance on site
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0471340000033 | Improvements Assessment | $10,178,364 CAD |
| Land Assessment | $855,456 CAD | Total Assessment | $11,033,820 CAD |
Property Taxes
Parcel Number
0471340000033
Land Assessment
$855,456 CAD
Improvements Assessment
$10,178,364 CAD
Total Assessment
$11,033,820 CAD
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Synott Square Apartments | 9402 Synott Rd
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