MULTIFAMILYRADAR
20-Unit Multifamily in Galveston, TX, photo 11 / 30
Value-add
$2,500,000

20-Unit Multifamily in Galveston, TX

Galveston County, TX · listed May 15, 2026 (166 days)

Price per unit compared
This property$125K
Within ~40 mi (217)$96K
Texas median (1,029)$100K
$/unit
$125,000
▲ 25% vs TX · 63rd pct
Cap rate
—
 
Gross yield
—
 
Units
20
1969

Financials

Asking price
$2,500,000
Price per unit
$125,000
Price per sq ft
$197
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
20
Unit mix
one 3-bedroom unit, three 2-bedroom units, and sixteen 1-bedroom apartments
Buildings
Not stated
Year built
1969
Building size
12,686 sq ft
Avg unit size
634 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
May 15, 2026
Days on market
166 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1196

About this property

(address on request) presents a compelling opportunity to acquire a 20-unit multifamily apartment complex in Galveston, Texas. The property features a desirable unit mix consisting of sixteen 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit, giving investors diversified rental options and multiple tenant profiles within one asset.

The property is positioned near many of Galveston’s strongest demand drivers, including the beach, Seawall, The Strand, UTMB, restaurants, retail, tourism corridors, and major local employment centers. This location supports demand from island residents, workforce tenants, medical employees, hospitality workers, students, and renters seeking convenient access to Galveston’s coastal lifestyle.

With 20 units in one location, (address on request) offers investors the opportunity to acquire meaningful scale in a high-demand coastal market. Depending on the buyer’s strategy, the property may offer value-add potential through rent growth, unit renovations, exterior improvements, expense management, and operational efficiencies. This is an attractive opportunity for investors seeking a Galveston multifamily asset with both current income potential and long-term upside.

Galveston 20 Unit Apartment Complex walking distance to the beach, the Strand, UTMB, and the Seawall

Highlights

  • 20-unit multifamily investment opportunity in Galveston, Texas
  • Strong unit mix featuring sixteen 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit
  • Located near major Galveston demand drivers, including the beach, Seawall, The Strand, UTMB, restaurants, retail, tourism, and employment centers
  • Opportunity for stable rental income with diversified unit sizes and multiple tenant profiles
  • Potential value-add upside through rent increases, renovations, operational improvements, and improved management efficiencies
  • Galveston multifamily asset with appeal to long-term tenants, workforce housing demand, medical employees, hospitality workers, students, and island residents
  • Rare opportunity to acquire 20 units in one location on Galveston Island

Location

Approximate area. The exact address is shared on request.

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