MULTIFAMILYRADAR
7-Unit Multifamily in Galveston, TX, photo 11 / 30
Stabilized
$900,000

7-Unit Multifamily in Galveston, TX

TX · listed Aug 21, 2023 (1,164 days)

Price per unit compared
This property$129K
Within ~40 mi (217)$96K
Texas median (1,029)$100K
$/unit
$128,571
▲ 29% vs TX · 65th pct
Cap rate
—
 
Gross yield
—
 
Units
7
1955

Financials

Asking price
$900,000
Price per unit
$128,571
Price per sq ft
$185
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
7
Unit mix
some with 2 bedrooms but some are single units
Buildings
Not stated
Year built
1955
Building size
4,871 sq ft
Avg unit size
696 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 21, 2023
Days on market
1,164 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1466

About this property

Outstanding opportunity to own 7 doors in Galveston by the Seawall Blvd! It is currently 100% leased; However, new landlord will have a golden chance to update most of the leases for better revenue! This property sits walking distance away from desirable restaurants like The Spot, Island Time Beach Bar, The Poop Deck and more, but the best fun place would be Historic Pleasure Pier a short walk away! Worry free with no HOA, city water and sewer, tenants pay all utilities, and roof has been replaced in 2017. Each unit has kitchen and full bath, while some with 2 bedrooms but some are single units. Don’t miss this rare chance to own a piece of Galveston by the seawall!

Location

Approximate area. The exact address is shared on request.

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