MULTIFAMILYRADAR
6-Unit Multifamily in Galveston, TX, photo 11 / 23
Stabilized
$1,750,000

6-Unit Multifamily in Galveston, TX

Galveston County, TX · listed Sep 10, 2026 (48 days)

Price per unit compared
This property$292K
Within ~40 mi (220)$98K
Texas median (1,029)$100K
$/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.

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