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Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, additional detached residential structures, rear storage income, and four commercial storefronts with a strong history of long-term tenancy. The property produces approximately $196,800 in projected annual gross income with a pro forma cap rate of about 10.8%. 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.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 3/6/2026 |
|---|---|---|---|
| TRACT | Denver Resurvey | YEAR BUILT | 1970 |
| COMMUNITY | 33 | COUNTY | Galveston |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Gisd Open Enroll |
|---|---|
| Jr. High School | Gisd Open Enroll |
| High School | Ball High School |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33 |
| HEAT | Natural Gas |
| LOT | 5998 sq ft |
| STORIES | 2 |
| SUBDIVISION | Denver Resurvey |
| TAXES | 29194 |
| UTILITIES | Cable Connected, Natural Gas Connected, Water Connected |
MORTGAGE CALCULATOR
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