1 / 6High yieldStabilized
$965,000
15-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Sep 10, 2026 (48 days)
Price per unit compared
This property$64K
Within ~40 mi (223)$99K
Texas median (1,029)$100K
- $/unit
- $64,333
- ▼ 36% vs TX · 17th pct
- Cap rate
- 12.5%
- ▲ 5.2 pts vs TX median
- NOI
- $121K
- $8,067/unit/yr
- Units
- 15
- 1 bldg · 1967
Financials
- Asking price
- $965,000
- Price per unit
- $64,333
- Price per sq ft
- $188
- Gross rent / year
- Not stated
- Net operating income
- $121,000
- NOI per unit
- $8,067
- Cap rate
- 12.5%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- 1 one bedroom, 5 efficiencies, and 9 room rentals
- Buildings
- 1
- Year built
- 1967
- Building size
- 5,136 sq ft
- Avg unit size
- 342 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 10, 2026
- Days on market
- 48 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1489
About this property
15 Unit Multifamily consisting of 1 one bedroom, 5 efficiencies, and 9 room rentals. All units rent furnished and include utilities. 5,136 SF of living area on two lots just over 4000 square feet (1391 + 2611). 100% occupied. Performing 12.5 CAP ask. Initial tour of selected units only with POF. All units will be made available for tour with a negotiated contract.
15 Unit Multifamily - 1 BR, Studio, and Room Rentals
Highlights
- 15 Unit Multifamily - mix of 1 BR, Studio, and Rooms
- Fully furnished
- Fully occupied
- $120K+ NOI... 12.5 CAP ask
- Extra adjacent lot included
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Galveston, TX▼ 3% cutHigh yieldNew construction | $1.25M | $156K$156K | 9% |
 Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |
 Galveston, TX | $945K | $158K$158K | — |
| Galveston, TX High yieldNew construction | $3.64M | $152K$152K | 9.2% |
 Galveston, TXStabilized | $750K | $83K$83K | — |
 Galveston, TXValue-add | $1.35M | $270K$270K | — |