1 / 148-Unit Multifamily in Galveston, TX
Galveston County, TX · listed Jan 8, 2026 (292 days)
▼ Reduced 3.6% on Sep 14, 2026, was $1,240,000
- $/unit
- $149,375
- ▲ 49% vs TX · 73rd pct
- Cap rate
- 9.3%
- ▲ 1.9 pts vs TX median
- NOI
- $111K
- $13,813/unit/yr
- Units
- 8
- 1 bldg · 2026
Financials
- Asking price
- $1,195,000
- Price per unit
- $149,375
- Price per sq ft
- $341
- Gross rent / year
- Not stated
- Net operating income
- $110,500
- NOI per unit
- $13,813
- Cap rate
- 9.3%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 2026
- Building size
- 3,500 sq ft
- Avg unit size
- 438 sq ft
- Lot size
- Not stated
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 8, 2026
- Days on market
- 292 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 14, 2026: $1.24M → $1.2M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1314
About this property
(address on request)reet Apartments is a newly constructed multifamily property offering a modern coastal living experience in the heart of Galveston. Designed with both lifestyle and durability in mind, this contemporary asset features open-concept floor plans with abundant natural light, expansive windows, and private balconies in every unit.
Each apartment is finished with sleek stainless-steel appliances, modern cabinetry, and clean, contemporary design elements that appeal to today’s renters. The building’s standout feature is a full-roof rooftop terrace spanning the entire roof surface, delivering unobstructed panoramic views of the harbor, cruise ships, and downtown Galveston—an exceptional amenity rarely found in the submarket.
Ideally located just steps from Church Street and the historic Strand District, residents enjoy walkable access to Galveston’s top restaurants, cafés, retail, and entertainment. The property is also conveniently positioned near the seawall, beach, cruise terminals, UTMB, and Texas A&M Galveston, making it highly attractive to students, professionals, and coastal lifestyle renters alike.
With its new construction, premium amenities, and irreplaceable location, (address on request)reet Apartments represents a compelling opportunity for investors seeking a low-maintenance, high-appeal multifamily asset in one of Galveston’s most vibrant and supply-constrained neighborhoods.
(address on request)reet Apartments | New Construction Multifamily | Galveston, TX
Highlights
- New Construction / Low Maintenance Asset
- Recently completed construction significantly reduces near-term capital expenditure requirements and benefits from modern building systems, energy-efficient components, and contemporary layouts that command premium rents.
- Irreplaceable Location Near the Strand & Cruise Port
- Situated steps from Church Street and the historic Strand District, the property benefits from strong walkability, high renter demand, and proximity to Galveston’s cruise terminals—one of the busiest cruise ports in the U.S.
- Premium Lifestyle Amenities Drive Rent Premiums
- Full-roof rooftop terrace with panoramic harbor, cruise ship, and downtown views, paired with private balconies in every unit—amenities that differentiate the asset and support above-market rental rates.
- Strong and Diverse Tenant Demand
- Close proximity to major employment and demand drivers including UTMB, Texas A&M University–Galveston, Port of Galveston, healthcare, tourism, and maritime industries, providing a resilient and diversified renter base.
• Limited New Multifamily Supply in Historic Core • Zoning constraints, historic preservation rules, and limited available land significantly restrict new multifamily development in downtown Galveston, supporting long-term rent growth and asset appreciation. • • Favorable Galveston Rental Market Fundamentals • Consistent population inflows tied to education, healthcare, and tourism, combined with strong short- and long-term rental demand, create a stable rental environment with low vacancy pressure in well-located properties.
- Coastal Market with Strong Tourism Economy
- Galveston’s year-round tourism, cruise traffic, and event-driven demand provide additional rent stability and upside, particularly for well-amenitized, centrally located assets.
- Attractive Long-Term Hold with Exit Liquidity
- Institutional and private investors continue to target newer multifamily assets in coastal Texas markets, supporting liquidity and favorable exit scenarios for stabilized properties.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Galveston, TX | $945K | $158K$158K | — |
 Galveston, TXStabilized | $645K | $92K$92K | — |
 Galveston, TXValue-add | $1.35M | $270K$270K | — |
 Galveston, TXHigh yieldNew construction | $3.64M | $152K$152K | 9.2% |
| Galveston, TX ▼ 3% cutHigh yieldNew construction | $1.25M | $156K$156K | 9% |
 Galveston, TXHigh yieldStabilized | $965K | $64K$64K | 12.5% |