MULTIFAMILYRADAR
8-Unit Multifamily in Galveston, TX, photo 11 / 9
High yieldNew construction
$1,100,000

8-Unit Multifamily in Galveston, TX

TX · listed Jul 14, 2025 (471 days)

Price per unit compared
This property$138K
Within ~40 mi (216)$96K
Texas median (1,029)$100K
$/unit
$137,500
▲ 38% vs TX · 69th pct
Cap rate
9%
▲ 1.7 pts vs TX median
NOI
$99K
$12,433/unit/yr
Units
8
1 bldg · 2025

Financials

Asking price
$1,100,000
Price per unit
$137,500
Price per sq ft
$573
Gross rent / year
Not stated
Net operating income
$99,467
NOI per unit
$12,433
Cap rate
9%
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
2025
Building size
1,920 sq ft
Avg unit size
240 sq ft
Lot size
Not stated
Condition
New construction

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 14, 2025
Days on market
471 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1749

About this property

This brand-new apartment complex effortlessly blends style, practical space design and convenience, offering a

modern living experience like no other. The sleek stainless steel appliances in the kitchen elevate daily tasks, making

cooking and entertaining a breeze. The open layout maximizes natural light, creating a bright, airy, and inviting space

that feels both spacious and intimate. Big windows further enhance the home's connection to the vibrant

surroundings. This is a location like no other with the Bach only a few blocks away and other destinations like UTMB

and Universities within walking distance.

Nestled in a thriving Galveston community, you'll be just steps away from the island's best attractions. Explore a

variety of exceptional restaurants, cafes, and shops along the iconic Strand and Church Street, or take a leisurely

stroll to the historic seawall and soak in the stunning coastal views. Whether you're savoring fresh seafood at a

waterfront bistro, enjoying the lively nightlife, or relaxing on the beach, there's always something to do.

8 Studios - New construction - incredible location next to UTMB hospital and University

Highlights

Discover a Rare Investment Opportunity in Galveston – The Campus Studios

Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing and is perfectly located just blocks away from the UTMB campus and the beach.

Location

Approximate area. The exact address is shared on request.

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