1 / 3020-Unit Multifamily in Galveston, TX
Galveston County, TX · listed May 15, 2026 (166 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXHigh yieldStabilized | $1.04M | $173K$173K | 8.5% |
| Galveston, TX NewNew construction | $1.1M | $138K$138K | — |
Galveston, TXHigh yield | $949K | $136K$136K | 8.8% |
Galveston, TXHigh yieldNew construction | $1.3M | $162K$162K | 9.7% |
Galveston, TXHigh yieldNew construction | $1.1M | $138K$138K | 9% |
| Galveston, TX NewNew construction | $8.2M | $1.17M$1.17M | — |



