1 / 307-Unit Multifamily in Galveston, TX
TX · listed Aug 21, 2023 (1,164 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXValue-add | $600K | $26K$26K | — |
Galveston, TXHigh yieldStabilized | $1.15M | $144K$144K | 9.3% |
Galveston, TXValue-add | $1.4M | $200K$200K | — |
Galveston, TX▼ 9% cutStabilized | $680K | $113K$113K | — |
Galveston, TXOwner financingValue-add | $1M | $71K$71K | 6.4% |
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |





