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$750,000
Est. payment /mo
7 Baths
5,588 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,588 sqft
Price per Sqft $134
Subdivision Galveston Townsite
MLS Listing ID 54271658
Full Baths 7
HOA Y/N No
Year Built 1950
Annual Tax Amount $10,724
Tax Year 2025
Property Sub-Type Detached
Property Description
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.
Location
State TX
County Galveston
Area Downtown - Galveston/The Strand
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
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 3505-0337-0004-001
Special Listing Condition Estate
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Listed by Joe Tramonte Realty, Inc. Hudson Holmes
NEARBY SCHOOL & BUSINESS
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