1 / 3024-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Sep 25, 2026 (33 days)
- $/unit
- $151,625
- ▲ 52% vs TX · 75th pct
- Cap rate
- 9.2%
- ▲ 1.8 pts vs TX median
- NOI
- $333K
- $13,873/unit/yr
- Units
- 24
- 3 bldg · 2026
Financials
- Asking price
- $3,639,000
- Price per unit
- $151,625
- Price per sq ft
- $353
- Gross rent / year
- Not stated
- Net operating income
- $332,940
- NOI per unit
- $13,873
- Cap rate
- 9.2%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 24
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 2026
- Building size
- 10,307 sq ft
- Avg unit size
- 429 sq ft
- Lot size
- Not stated
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 25, 2026
- Days on market
- 33 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1600
About this property
This three-property multifamily portfolio presents a rare opportunity to acquire newly constructed 2026 assets in Galveston’s desirable East End. The offering includes (address on request) and (address on request), providing investors with immediate scale across multiple high-quality residential properties.
Two of the properties are fully leased, demonstrating strong market acceptance of the newly delivered product. (address on request) was recently completed and is currently in its initial stabilization and lease-up period, providing additional near-term upside as occupancy continues to increase.
Each property features modern construction, contemporary interiors, new appliances, in-unit washers and dryers, upgraded kitchens and finishes, and attractive rooftop spaces. The portfolio was designed to meet the expectations of today’s renter while minimizing the near-term capital expenditure typically associated with older multifamily assets.
The properties benefit from convenient access to UTMB, Downtown Galveston, the Strand, major employment centers, restaurants, entertainment, and the island’s beaches. Their locations and modern product offering create strong appeal among medical professionals, students, young professionals, and Galveston’s broader workforce.
With two stabilized properties, one newly completed asset in lease-up, and an entirely 2026-built portfolio, this offering provides investors with a compelling combination of current income, modern construction, limited near-term deferred maintenance, and additional upside through the stabilization of (address on request).
Rare 3-Property Multifamily Offering | Galveston East End
Highlights
This three-property multifamily portfolio offers investors the opportunity to acquire multiple well-located assets in Galveston’s desirable East End. The properties are conveniently located near UTMB, Downtown Galveston, major employment centers, restaurants, entertainment, and the beach. The portfolio features recently renovated and updated residential units with modern interiors, updated flooring, kitchens, lighting, and finishes. With strong appeal to medical professionals, students, and the local workforce, the properties benefit from a diverse rental demand base. Acquiring the assets together provides immediate portfolio scale, established leasing infrastructure, and continued opportunity for rent growth and revenue optimization.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXValue-add | $1.35M | $270K$270K | — |
Galveston, TX | $945K | $158K$158K | — |
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |
Galveston, TXStabilized | $645K | $92K$92K | — |
Galveston, TX▼ 3% cutHigh yieldNew construction | $1.25M | $156K$156K | 9% |
Galveston, TXHigh yieldStabilized | $965K | $64K$64K | 12.5% |





