REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kim Patrick

kim@kpproperties.co +1(713) 614-9744

$ 999,990

Est. payment | -/mo

5 Beds

5 Baths

11,520 SqFt

Save

$ 999,990

Est. payment | -/mo

Save

5 Beds

5 Baths

11,520 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,520 sqft

Price per Sqft $86

Subdivision Denver Resurvey

MLS Listing ID 82120483

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1970

Annual Tax Amount $29,194

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.

Location

State TX

County Galveston

Area Midtown - Galveston

Interior

Heating Central, Gas

Cooling Central Air, Electric

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Gisd Open Enroll

Middle Schools Gisd Open Enroll

High Schools Ball High School

School District 22 - Galveston

Others

Tax ID 2965-0109-0013-000

Acceptable Financing Cash, Investor Financing

Listing Terms Cash, Investor Financing

Houston Realtors Information Service / HAR MLS

Listed by Urban Access Properties Sharlene Abghary

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(713) 614-9744

kim@kpproperties.co

Learn More About LPT Realty

1915 45th ST Galveston, TX 77550