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Buy&Hold (MULTIFAMILY): (220 Units) 925 Northwood St, Baytown, TX 77521 + $19,500,000

Updated: Apr 12

Multifamily Investment Opportunity








Price💰 $19,500,000


Off-Market Listing: AVALON BAY APARTMENTS

📍 925 Northwood Street, Baytown, TX 77521


Property Overview:

Introducing Avalon Bay Apartments, a premier 220-unit multifamily community located in the rapidly growing Baytown, TX market. This asset presents a compelling investment opportunity, supported by substantial recent capital improvements and long-term rental demand. Review the detailed CapEx summary and attached financials for deeper insights into both the current performance and future potential of this stabilized asset.

📂 Property Financials:Click Here to View


Recent Capital Improvements:

  • ✅ Roofing: 28 full roof replacements — $390,000

  • ✅ Concrete Repairs: Pothole repairs — $7,500

  • ✅ Pools: Two pools replastered — $21,000; third pool converted to shaded park area — $14,000

  • ✅ Entrance Gates: Vehicle/pedestrian gate upgrades — $5,500

  • ✅ Exterior Paint: Full repaint of all buildings — $148,000

  • ✅ Dumpster Enclosures: Rebuilt — $1,500

  • ✅ Signage: Monument and common area signage rebranded — $7,800

  • ✅ Interior Unit Upgrades: 10% of units modernized — $3,500/unit, $77,000 total


Property Highlights:

  • 📍 Location: Prime accessibility near major highways, retail, schools, and employment centers

  • 🏊 Amenities: Two upgraded pools, shaded park, gated entry, and modernized exteriors

  • 🎨 Rebranding: Newly repainted exteriors and signage enhance curb appeal and elevate resident experience


Financial Overview:



The property recently underwent a system conversion in April, and April/May financials are currently being finalized. Early indicators suggest increased performance metrics, bolstered by recent capital investments and rebranding. Expect notable improvement beyond the numbers in the attached financials.


Seller’s Reason for Sale:

The current ownership group has successfully executed its value-add strategy and is now looking to recycle capital into new development opportunities. After implementing key improvements and stabilizing operations, the owners see this as the optimal time to transition the asset to new ownership that can benefit from the rising income and improved property image. This exit is part of a larger strategic portfolio reallocation and presents a turnkey opportunity for the next investor.


Investment Opportunity:

Avalon Bay Apartments offers the rare chance to acquire a stabilized, renovated, and repositioned asset with significant upside remaining. Investors can capitalize on the updated infrastructure, improved curb appeal, and increasing demand in the Baytown market to maximize returns and long-term value.

📩 Contact Information:For financials, questions, or to schedule a walkthrough:📧 investments@promiselandrealtyllc.com






Property Map


Aerial Map



"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"




PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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