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High yieldValue-add
$1,445,000
17-Unit Multifamily in Galveston, TX
TX · listed Sep 2, 2026 (56 days)
Price per unit compared
This property$85K
Within ~40 mi (139)$105K
Texas median (1,029)$100K
- $/unit
- $85,000
- ▼ 15% vs TX · 37th pct
- Cap rate
- —
- NOI
- $166K
- $9,765/unit/yr
- Units
- 17
Financials
- Asking price
- $1,445,000
- Price per unit
- $85,000
- Price per sq ft
- Not stated
- Gross rent / year
- $213,996avg rent × units
- Net operating income
- $166,000
- NOI per unit
- $9,765
- Cap rate
- Not stated
- Gross yield
- 14.8%gross rent ÷ price
- Occupancy
- 88%
As stated by the seller. Verify during due diligence.
Building
- Units
- 17
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 2, 2026
- Days on market
- 56 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1674
About this property
🏢 OFF-MARKET MULTIFAMILY | GALVESTON, TX 17-unit value-add opportunity located near UTMB Galveston.
💰 Purchase Price: $1,445,000
- 17 Units | $85K/Unit
- 1972 Build | 12,762 SF
- 100% Leased | 88% Occupied
- Avg Current Rent: $1,049/Unit
- Pro Forma NOI: ~$166K
- Significant mark-to-market + renovation upside
- All 17 units offer interior value-add potential
- Renovated comps average approximately $135/month higher rents
- Walking distance to UTMB — 10K+ employees & 3K+ students
- No new multifamily supply currently under construction in the submarket
- All-cash sale
Strong basis for a Galveston value-add multifamily deal with multiple paths to increase revenue.
Serious buyers only for financials, rent roll & full details.
Location
Somewhere in Galveston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Galveston, TX Owner financing | $2.2M | $275K$275K | — |
| Galveston, TX Owner financing | $2.2M | $275K$275K | — |
 Galveston, TXHigh yieldValue-add | $1M | $71K$71K | 10% |
 Galveston, TXOwner financingValue-add | $1M | $71K$71K | 6.4% |
 Galveston, TXHigh yieldStabilized | $965K | $64K$64K | 12.5% |
 Texas City, TXNew construction | $3.17M | $198K$198K | — |