1 / 125-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Sep 10, 2026 (49 days)
- $/unit
- $350,000
- ▲ 250% vs TX · 96th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 1868
Financials
- Asking price
- $1,750,000
- Price per unit
- $350,000
- Price per sq ft
- $459
- 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
- 5
- Unit mix
- four private one-bedroom guest cottages
- Buildings
- Not stated
- Year built
- 1868
- Building size
- 3,812 sq ft
- Avg unit size
- 762 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 10, 2026
- Days on market
- 49 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1602
About this property
George Manor presents a unique investment opportunity in Galveston’s historic East End. Situated on approximately 0.44 acres, the property is centered around the Edward T. Austin House, originally built in 1868 and extensively renovated while preserving its historic character.
The 3,812-square-foot manor features original architectural details, including frescoes, soaring ceilings, elegant millwork, and period finishes. In addition to the main residence, the property includes four private one-bedroom guest cottages, providing flexibility for guest accommodations or rental income.
Currently operating as a bed & breakfast, the property offers an opportunity for continued hospitality use and is conveniently located near Galveston’s beaches and the historic Strand.
Multifamily | 5 Units
Highlights
- Historic Galveston property originally built in 1868, situated on a prominent corner lot
- 3,812 SF main manor on approximately 0.44 acres
- Includes four private one-bedroom guest cottages, offering additional income potential
- Currently operating as a bed & breakfast, with potential for continued hospitality or rental use
- Extensively renovated while preserving original architectural details
- Located near Galveston beaches and the historic Strand
- Flexible opportunity for hospitality, rental income, or other investment use
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Galveston, TXStabilized | $2.95M | $369K$369K | — |
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 Galveston, TXStabilized | $645K | $92K$92K | — |
 Galveston, TXValue-add | $1.35M | $270K$270K | — |
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