1 / 306-Unit Multifamily in Galveston, TX
TX · listed Aug 28, 2026 (61 days)
▼ Reduced 9.3% on Oct 28, 2026, was $749,900
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXHigh yieldStabilized | $1.15M | $144K$144K | 9.3% |
Galveston, TXHigh yieldNew construction | $1.3M | $162K$162K | 9.7% |
Galveston, TXHigh yield | $949K | $136K$136K | 8.8% |
Galveston, TXHigh yieldStabilized | $1.04M | $173K$173K | 8.5% |
Galveston, TXStabilized | $900K | $129K$129K | — |
| Galveston, TX NewNew construction | $8.2M | $1.17M$1.17M | — |




