MULTIFAMILYRADAR
6-Unit Multifamily in Galveston, TX, photo 11 / 30
▼ 9% cutStabilized
$679,900

6-Unit Multifamily in Galveston, TX

TX · listed Aug 28, 2026 (61 days)

▼ Reduced 9.3% on Oct 28, 2026, was $749,900

Price per unit compared
This property$113K
Within ~40 mi (216)$96K
Texas median (1,029)$100K
$/unit
$113,317
▲ 13% vs TX · 58th pct
Cap rate
—
 
Gross yield
—
 
Units
6
1970

Financials

Asking price
$679,900
Price per unit
$113,317
Price per sq ft
$181
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
One 2- bedroom 1 bath, four 1-bedroom 1 baths and one efficiency
Buildings
Not stated
Year built
1970
Building size
3,761 sq ft
Avg unit size
627 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 28, 2026
Days on market
61 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Oct 28, 2026: $750K → $680K
Location
Approximate (~0.5 mi)
Listing #
1385

About this property

Turnkey 6 unit- income producing property just minutes from UTMB and the beach. Fully remodeled and 100% occupied, this Galveston multifamily offers strong in place income with immediate cash flow and future upside. The property features six units total: One 2- bedroom 1 bath, four 1-bedroom 1 baths and one efficiency. All units are fully furnished and beautifully updated, making them ideal for long term or short term rental flexibility. A true standout is the expansive outdoor pavilion, designed for gathering entertaining, It includes multiple seating ares, custom pergolas, string lighting and a central fountain space., creating a resort-like atmosphere. The pavilion also offers room for expansion, adding additional income potential, Located just six blocks from the beach on an extra-wide street with bike lanes and less then 2 miles from the UT Medical Branch. Property is perfectly positioned for consistent tenant demand from medical professionals, students, and vacation renters.

Location

Approximate area. The exact address is shared on request.

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