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Offered below recent appraisal, this well-located 9-unit multifamily property presents an exceptional investment opportunity on Galveston Island. The property is 100% occupied and offers immediate upside through rent escalations and optimization. Unit mix includes seven individual, free-standing 2-bedroom/1-bath structures plus one elevated duplex. All 7 units are situated on one parcel, and the duplex is located on the adjoining parcel. Providing strong income potential and long-term stability, this complex is ideally positioned on the north side of the Island, just 2 blocks from the major thoroughfare of Broadway Avenue, and 3 blocks from Harborside Drive. The Port of Galveston and the Texas A&M - Galveston campus are also conveniently nearby. Ample off-street parking is a rare Island amenity that further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale and court approval required. Proof of funds required before initial showing.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 4/9/2026 |
|---|---|---|---|
| TRACT | Galveston Townsite | YEAR BUILT | 1950 |
| 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 | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33 |
| HEAT | Other |
| LOT | 0.3553 acre(s) |
| STORIES | 1 |
| SUBDIVISION | Galveston Townsite |
| TAXES | 10724 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listed with Joe Tramonte Realty, Inc.
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