1 / 236-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Sep 10, 2026 (48 days)
- $/unit
- $291,667
- ▲ 192% vs TX · 93rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 6
- 1868
Financials
- Asking price
- $1,750,000
- Price per unit
- $291,667
- 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
- 6
- Unit mix
- four private one-bedroom guest cottages
- Buildings
- Not stated
- Year built
- 1868
- Building size
- 3,812 sq ft
- Avg unit size
- 635 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 10, 2026
- Days on market
- 48 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1602
About this property
Own one of Galveston's most treasured historic homes. Situated on a prominent 0.444-acre corner lot, George Manor centers around the Edward T. Austin House, originally built in 1868 and beautifully restored to preserve its rich architectural heritage. The 3,812 SF manor showcases stunning original frescoes in the dining room, soaring ceilings, elegant millwork, and timeless period details rarely found today. Surrounded by mature oak trees and manicured grounds, the property offers a unique blend of history, charm, and modern comfort. In addition to the main residence, four private one-bedroom guest cottages provide exceptional flexibility for extended family, guests, rental income, or a home-based hospitality venture. Extensively renovated, the property currently operates as bed & breakfast, offering a turnkey business opportunity. Conveniently located near Galveston's beaches and the historic Strand, George Manor is a rare chance to own a landmark estate with endless possibilities.
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
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXStabilized | $2.95M | $369K$369K | — |
Galveston, TXStabilized | $645K | $92K$92K | — |
Galveston, TX | $945K | $158K$158K | — |
Galveston, TXValue-add | $1.35M | $270K$270K | — |
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |
Galveston, TXHigh yield | $949K | $136K$136K | 8.8% |





