MULTIFAMILYRADAR
8-Unit Multifamily in Galveston, TX, photo 11 / 24
Stabilized
$2,950,000

8-Unit Multifamily in Galveston, TX

TX · listed Jun 18, 2026 (132 days)

Price per unit compared
This property$369K
Within ~40 mi (220)$97K
Texas median (1,029)$100K
$/unit
$368,750
▲ 269% vs TX · 97th pct
Cap rate
—
 
Gross yield
—
 
Units
8
1970

Financials

Asking price
$2,950,000
Price per unit
$368,750
Price per sq ft
$143
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
8
Unit mix
Not stated
Buildings
Not stated
Year built
1970
Building size
20,640 sq ft
Avg unit size
2,580 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Jun 18, 2026
Days on market
132 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1216

About this property

** DISTINCTIVE INVESTMENT PROPERTY IN GALVESTON'S HISTORIC STRAND DISTRICT** Located in the heart of Galveston's Historic Strand District, 2119–2121 Strand offers a rare mixed-use investment opportunity featuring four storefront spaces and eight residential units ALL FULLY LEASED. The apartments showcase soaring ceilings, hardwood floors, abundant natural light, historic architectural details, and spacious balconies overlooking The Strand and the Galveston Railroad Museum. Residents enjoy a true downtown lifestyle with restaurants, shopping, galleries, entertainment, and the waterfront just steps away. Positioned in one of Galveston's most iconic and walk-able destinations, this fully occupied property provides immediate income and long-term investment potential in a location where historic charm and strong demand continue to drive value. Rare opportunity to acquire a landmark income-producing asset in the heart of downtown Galveston.

Location

Approximate area. The exact address is shared on request.

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