MULTIFAMILYRADAR
24-Unit Multifamily in Galveston, TX, photo 11 / 30
High yieldNew construction
$3,639,000

24-Unit Multifamily in Galveston, TX

Galveston County, TX · listed Sep 25, 2026 (33 days)

Price per unit compared
This property$152K
Within ~40 mi (223)$99K
Texas median (1,029)$100K
$/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.

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