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Offered below recent appraisal, this well-located 6-unit multifamily property presents an exceptional investment opportunity in Midtown Galveston. The property is 100% occupied with month-to-month leases, currently below market, offering immediate upside through rent optimization. Unit mix includes four 3-bedroom/1-bath units and two 2-bedroom/1-bath units, providing strong income potential and long-term stability. Ideally positioned on two major Island thoroughfares"”Bernardo de Galvez & 33rd St, the property is centrally located just minutes from Seawall, Strand, UTMB, dining, shopping, & entertainment. Recent capital improvements include a roof replacement within the last three years and updated HVAC systems and components over the past several years. Ample off-street parking, 1 space per resident, further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale, court approval required. Proof of funds required prior to initial showing.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 3/24/2026 |
|---|---|---|---|
| TRACT | Galveston Outlots | YEAR BUILT | 1970 |
| COMMUNITY | 33 | COUNTY | Galveston |
| STATUS | Pending | 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 | Electric |
| LOT | 5519 sq ft |
| STORIES | 2 |
| SUBDIVISION | Galveston Outlots |
| TAXES | 10585 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with Joe Tramonte Realty, Inc.
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