1 / 248-Unit Multifamily in Galveston, TX
TX · listed Jun 18, 2026 (132 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Galveston, TXStabilized | $1.75M | $292K$292K | — |
Galveston, TXStabilized | $645K | $92K$92K | — |
Galveston, TX | $945K | $158K$158K | — |
Galveston, TXHigh yield | $949K | $136K$136K | 8.8% |
Galveston, TXValue-add | $1.35M | $270K$270K | — |
Galveston, TX▼ 4% cutHigh yieldNew construction | $1.2M | $149K$149K | 9.3% |





