1 / 306-Unit Multifamily in Galveston, TX
TX · listed Jun 29, 2026 (121 days)
- $/unit
- $157,500
- ▲ 57% vs TX · 77th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 6
- 1945
Financials
- Asking price
- $945,000
- Price per unit
- $157,500
- Price per sq ft
- $216
- 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
- 6
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1945
- Building size
- 4,383 sq ft
- Avg unit size
- 731 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 29, 2026
- Days on market
- 121 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1459
About this property
Welcome to Coastal Cabanas, a rare opportunity to own a fully renovated multi-unit property in one of Galveston's most convenient locations. Situated near downtown attractions, restaurants, shopping, entertainment, and the island's cruise terminals, this income-producing property offers six separate residences designed to accommodate a variety of rental strategies. Extensive renovations have transformed the property with modern systems and finishes throughout, creating a low-maintenance investment for years to come. Residents and guests can enjoy a private outdoor gathering space, dedicated parking, and easy access to everything Galveston has to offer. Whether you're seeking a portfolio addition, an owner-occupancy opportunity with supplemental income, or a property positioned for rental flexibility, Coastal Cabanas delivers a unique combination of location, functionality, and long-term potential.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |
Galveston, TXValue-add | $1.35M | $270K$270K | — |
Galveston, TXStabilized | $645K | $92K$92K | — |
Galveston, TXHigh yieldNew construction | $3.64M | $152K$152K | 9.2% |
Galveston, TXStabilized | $1.75M | $292K$292K | — |
Galveston, TX▼ 3% cutHigh yieldNew construction | $1.25M | $156K$156K | 9% |




